Serverless Architecture Industry Outlook 2024-2032
Summary:
- The global serverless architecture market size reached USD 12.8 Billion in 2023.
- The market is expected to reach USD 51.9 Billion by 2032, exhibiting a growth rate (CAGR) of 16.5% during 2024-2032.
- Region-wise, the market has been categorized into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
- Based on the service type, the market has been segmented into automation and integration, monitoring, API management, security, analytics, design and consulting, and others.
- On the basis of the deployment model, the market has been segregated into public cloud and private cloud.
- Based on the organization size, the market has been divided into small and medium-sized enterprises and large enterprises.
- On the basis of the industry vertical, the market has been classified into BFSI, IT and telecom, healthcare, manufacturing, media and entertainment, public sector, retail and e-commerce, and others.
- The growing adoption of serverless in enterprise applications is a primary driver of the serverless architecture market.
- The growth of serverless architecture in edge computing is propelling the serverless architecture market.
Request a sample copy of the report: https://www.imarcgroup.com/serverless-architecture-market/requestsample
Industry Trends and Drivers:
- Increasing Adoption of Serverless in Enterprise Applications:
One prominent trend in the serverless architecture market is the growing adoption of serverless technologies in enterprise applications. As businesses increasingly seek to optimize their operational efficiency and reduce infrastructure management costs, serverless architectures provide a cost-effective and scalable solution. Large enterprises are migrating portions of their workloads to serverless platforms like AWS Lambda, Microsoft Azure Functions, and Google Cloud Functions to focus more on development and innovation rather than infrastructure maintenance. The ability to automatically scale based on demand, coupled with the pay-as-you-go pricing model, makes serverless an attractive option for enterprises dealing with variable workloads. Additionally, serverless architectures enable faster deployment cycles and continuous delivery, making it easier for enterprises to bring new features and services to market rapidly. As enterprises look for ways to improve agility, enhance productivity, and reduce time-to-market, the adoption of serverless architecture is expected to grow significantly across various industries, including finance, retail, and healthcare. This trend also highlights the shift from traditional monolithic application architectures to microservices, further accelerating the adoption of serverless solutions in enterprise environments.
- Expansion of Serverless Architecture in Edge Computing:
Another key trend in the serverless architecture market is the integration of serverless computing with edge computing. As the demand for low-latency applications and real-time data processing grows, companies are increasingly deploying serverless architectures at the edge. Edge computing involves processing data closer to the source, reducing latency and improving performance for applications that require real-time analysis, such as IoT devices, autonomous vehicles, and smart cities. By combining serverless computing with edge infrastructure, organizations can take advantage of the scalability and flexibility of serverless models while minimizing latency issues associated with cloud-based solutions. This trend is particularly significant for industries that rely on rapid decision-making and immediate responses, such as manufacturing, healthcare, and transportation. The growing use of 5G networks is further driving this trend, as 5G’s low-latency and high-bandwidth capabilities complement the benefits of serverless computing at the edge. This combination is expected to expand further as edge computing continues to grow, with serverless playing a key role in delivering seamless, real-time services without the need for complex infrastructure management.
- Growth of Multi-Cloud and Hybrid Cloud Serverless Solutions:
The rise of multi-cloud and hybrid cloud strategies is another major trend shaping the serverless architecture market. As organizations increasingly adopt multi-cloud environments to avoid vendor lock-in and enhance operational flexibility, serverless solutions are being deployed across multiple cloud platforms. This approach enables businesses to take advantage of the best features offered by different cloud providers while maintaining control over their data and operations. Hybrid cloud strategies, which combine on-premises infrastructure with public or private cloud environments, are also seeing a rise in serverless adoption. These solutions offer the scalability and cost-efficiency of serverless computing while providing the flexibility to manage sensitive workloads in-house. Serverless platforms that support multi-cloud and hybrid deployments allow businesses to seamlessly integrate their applications across various cloud environments, improving redundancy, reducing latency, and enhancing disaster recovery capabilities. This trend is gaining momentum as more organizations seek to leverage serverless architectures without being confined to a single cloud provider. As a result, cloud providers are increasingly offering serverless solutions that can operate across hybrid and multi-cloud environments, giving businesses more flexibility and control over their infrastructure.
Serverless Architecture Market Report Segmentation:
Breakup By Service Type:
- Automation and Integration
- Monitoring
- API Management
- Security
- Analytics
- Design and Consulting
- Others
Based on the service type, the market has been segmented into automation and integration, monitoring, API management, security, analytics, design and consulting, and others.
Breakup By Deployment Model:
- Public Cloud
- Private Cloud
On the basis of the deployment model, the market has been segregated into public cloud and private cloud.
Breakup By Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Based on the organization size, the market has been divided into small and medium-sized enterprises and large enterprises.
Breakup By Industry Vertical:
- BFSI
- IT and Telecom
- Healthcare
- Manufacturing
- Media and Entertainment
- Public Sector
- Retail and E-Commerce
- Others
On the basis of the industry vertical, the market has been classified into BFSI, IT and telecom, healthcare, manufacturing, media and entertainment, public sector, retail and e-commerce, and others.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Region-wise, the market has been categorized into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
Top Serverless Architecture Market Leaders:
The serverless architecture market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Amazon Web Services Inc. (Amazon.com Inc.)
- Broadcom Inc.
- Cloudflare Inc.
- Google LLC (Alphabet Inc.)
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- Platform9 Systems Inc.
- Serverless Inc.
- Tibco Software Inc.
- Twilio Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Browse Our Other Reports:
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
