The Latin America, Middle East and Africa Serverless Architecture Market would witness market growth of 29.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Serverless Architecture Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,170.6 million by 2031. The Argentina market is showcasing a CAGR of 31.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 28.2% during (2024 - 2031).
Serverless computing abstracts away the need to manage the underlying infrastructure, allowing developers to focus on writing code and delivering functionality. As a result, organizations can reduce the time spent on provisioning and managing servers, improving productivity. Furthermore, serverless platforms automatically handle tasks such as patching, scaling, and monitoring, minimizing the operational burden on IT teams.
Moreover, this architecture promotes a more agile development environment. Developers can write small units of code (functions) that can be deployed independently, tested more easily, and iterated rapidly. This decoupled architecture allows for quicker releases of new features and enhancements. The lack of infrastructure management responsibilities lets developers focus entirely on application logic and user experience.
The UAE is part of the MENA region, which is witnessing substantial growth in the entertainment streaming industry, projected to expand from USD 4.7 billion to USD 5.6 billion by 2021. As the region experiences such rapid growth, this architecture offers an ideal solution for entertainment streaming platforms. Scaling resources based on demand without extensive infrastructure management is essential for streaming platforms handling fluctuating traffic volumes. Saudi Arabia’s significant healthcare expenditure—projected at $50.4 billion in 2023—presents a massive opportunity for digital transformation within the sector. As the government continues prioritizing healthcare, the demand for innovative solutions will grow to streamline operations, improve patient care, and optimize resources. This architecture can support these advancements by providing scalable, cost-effective infrastructure for healthcare applications, from patient management systems to telemedicine platforms. Thus, the growth of the entertainment streaming industry in the UAE and the increasing healthcare expenditures in Saudi Arabia are driving the need for scalable, technological solutions.
Free Valuable Insights: The Worldwide Serverless Architecture Market is Projected to reach USD 56.21 Billion by 2031, at a CAGR of 26.5%
Based on Organization Size, the market is segmented into Large Enterprise, and SME. Based on Deployment, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on Services, the market is segmented into Automation & Integration, API Management, Monitoring, Security, Support & Maintenance, Training & Consulting, and Other Services. Based on Vertical, the market is segmented into BFSI, Retail & Ecommerce, Media & Entertainment, Telecom & IT, Government & Public, Healthcare & Life Sciences, Manufacturing, and Other Vertical. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Organization Size
By Deployment
By Services
By Vertical
By Country
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