The Asia Pacific Serverless Computing Market would witness market growth of 14.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Serverless Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,627.4 million by 2031. The Japan market is registering a CAGR of 13.5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 15% during (2024 - 2031).
In traditional computing models, organizations must set up and maintain servers on-premises or in the cloud to host their applications. This requires significant investment in infrastructure, constant monitoring, and manual scaling to handle varying workloads. Serverless computing eliminates these concerns by allowing users to deploy applications in a fully managed environment where the cloud provider handles all backend operations automatically. This includes scaling applications up or down based on demand, patching servers, and ensuring high availability.
Moreover, the expansion of serverless computing has been propelled by the rising integration of cloud technologies across various sectors. As businesses strive to modernize their IT infrastructure and keep pace with the demands of a digital-first, the flexibility and agility offered by serverless architectures have become indispensable. These platforms have rendered serverless technology accessible to enterprises of varying sizes, facilitating the development of scalable and resilient applications without the burden of overseeing physical or virtual servers.
Singapore has established itself as a regional center for serverless computing by capitalizing on its sophisticated digital infrastructure and favorable business policies. The country’s strong presence in fintech, logistics, and e-commerce drives the demand for serverless solutions to enhance scalability and efficiency. Government initiatives like the Smart Nation Program and investments in cloud infrastructure are fostering the adoption of serverless computing across public and private sectors. Singapore’s emphasis on innovation and its role as a hub for multinational corporations further enhance its market potential for serverless technologies. Therefore, with its dynamic market landscape and growing investments in technology, Asia Pacific is poised to become a major hub for serverless computing.
Free Valuable Insights: The Global Serverless Computing Market is Predict to reach USD 56.41 Billion by 2031, at a CAGR of 13.6%
Based on Service Model, the market is segmented into Function-as-a-service (FaaS), and Backend-as-a-service (BaaS). Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium-sized Enterprises. Based on Deployment, the market is segmented into Public Cloud, Hybrid Cloud, and Private Cloud. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Government & Defense, Transportation & Logistics, and Other Industry Vertical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Service Model
By Enterprise Size
By Deployment
By Industry Vertical
By Country
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