The Europe Serverless Computing Market would witness market growth of 13.2% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Serverless Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,779.7 million by 2031. The UK market is exhibiting a CAGR of 12.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 14.2% during (2024 - 2031).
The rise of serverless computing is also closely tied to the growing importance of microservices and event-driven architectures in application development. Traditional monolithic architectures, while functional, are often rigid and difficult to scale. In contrast, serverless computing aligns perfectly with the principles of microservices, allowing developers to break applications into smaller, independently deployable functions.
Additionally, this modular approach not only improves scalability but also simplifies the development and maintenance of applications. The event-driven nature of serverless computing further enhances its appeal, enabling businesses to respond dynamically to real-time events such as user actions, IoT device signals, or changes in data streams.
The Europe segment benefits from the region's emphasis on regulatory compliance, data sovereignty, and the adoption of advanced cloud technologies. Businesses across industries leverage serverless computing to optimize operations and meet sustainability goals, aligning with Europe’s focus on green IT solutions. The increasing digitalization of traditional industries, particularly manufacturing, healthcare, and retail, drives demand for serverless architectures. Additionally, innovative cloud providers and supportive government policies in key markets like Germany, the UK, and France contribute to the growth of serverless computing in Europe.
Free Valuable Insights: The Global Serverless Computing Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Service Model
By Enterprise Size
By Deployment
By Industry Vertical
By Country
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