The North America Serverless Computing Market would witness market growth of 13.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Serverless Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $13,592 million by 2031. The Canada market is experiencing a CAGR of 15.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14.4% during (2024 - 2031).
Serverless computing is a computational execution paradigm in which the cloud service provider autonomously oversees the allocation and provisioning of server resources. Despite its name, "serverless" does not mean that servers are absent but that the complexity of managing servers is abstracted away from the user.
Additionally, with serverless computing, developers are afforded the opportunity to concentrate exclusively on the writing and deployment of code, alleviating concerns regarding the underlying infrastructure, including server provisioning, scaling, maintenance, and capacity planning.
The serverless computing market in North America continues to lead, driven by technological advancements, a robust cloud infrastructure, and a high level of digital maturity across industries. Strong adoption across BFSI, healthcare, IT, and retail sectors has further solidified the region's dominance. Additionally, the emphasis on automation, IoT integration, and data analytics drives the demand for serverless computing. Governments across the region are also fostering cloud adoption through supportive policies and investments in digital transformation, strengthening the market landscape.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
By Service Model
By Enterprise Size
By Deployment
By Industry Vertical
By Country
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