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.
List of Key Companies Profiled
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Oracle Corporation
- Alibaba Cloud (Alibaba Group Holding Limited)
- Cloudflare, Inc.
- Tencent Holdings Ltd.
- SAP SE
- Salesforce, Inc.
North America Serverless Computing Market Report Segmentation
By Service Model
- Function-as-a-service (FaaS)
- Backend-as-a-service (BaaS)
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Deployment
- Public Cloud
- Hybrid Cloud
- Private Cloud
By Industry Vertical
- BFSI
- IT & Telecom
- Healthcare & Life Sciences
- Retail & Consumer Goods
- Manufacturing
- Government & Defense
- Transportation & Logistics
- Other Industry Vertical
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Serverless Computing Market, by Service Model
1.4.2 North America Serverless Computing Market, by Enterprise Size
1.4.3 North America Serverless Computing Market, by Deployment
1.4.4 North America Serverless Computing Market, by Industry Vertical
1.4.5 North America Serverless Computing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.5 Porter Five Forces Analysis
Chapter 5. North America Serverless Computing Market by Service Model
5.1 North America Function-as-a-service (FaaS) Market by Region
5.2 North America Backend-as-a-service (BaaS) Market by Region
Chapter 6. North America Serverless Computing Market by Enterprise Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium-sized Enterprises Market by Country
Chapter 7. North America Serverless Computing Market by Deployment
7.1 North America Public Cloud Market by Country
7.2 North America Hybrid Cloud Market by Country
7.3 North America Private Cloud Market by Country
Chapter 8. North America Serverless Computing Market by Industry Vertical
8.1 North America BFSI Market by Country
8.2 North America IT & Telecom Market by Country
8.3 North America Healthcare & Life Sciences Market by Country
8.4 North America Retail & Consumer Goods Market by Country
8.5 North America Manufacturing Market by Country
8.6 North America Government & Defense Market by Country
8.7 North America Transportation & Logistics Market by Country
8.8 North America Other Industry Vertical Market by Country
Chapter 9. North America Serverless Computing Market by Country
9.1 US Serverless Computing Market
9.1.1 US Serverless Computing Market by Service Model
9.1.2 US Serverless Computing Market by Enterprise Size
9.1.3 US Serverless Computing Market by Deployment
9.1.4 US Serverless Computing Market by Industry Vertical
9.2 Canada Serverless Computing Market
9.2.1 Canada Serverless Computing Market by Service Model
9.2.2 Canada Serverless Computing Market by Enterprise Size
9.2.3 Canada Serverless Computing Market by Deployment
9.2.4 Canada Serverless Computing Market by Industry Vertical
9.3 Mexico Serverless Computing Market
9.3.1 Mexico Serverless Computing Market by Service Model
9.3.2 Mexico Serverless Computing Market by Enterprise Size
9.3.3 Mexico Serverless Computing Market by Deployment
9.3.4 Mexico Serverless Computing Market by Industry Vertical
9.4 Rest of North America Serverless Computing Market
9.4.1 Rest of North America Serverless Computing Market by Service Model
9.4.2 Rest of North America Serverless Computing Market by Enterprise Size
9.4.3 Rest of North America Serverless Computing Market by Deployment
9.4.4 Rest of North America Serverless Computing Market by Industry Vertical
Chapter 10. Company Profiles
10.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental Analysis
10.1.4 Recent strategies and developments:
10.1.4.1 Partnerships, Collaborations, and Agreements:
10.1.5 SWOT Analysis
10.2 Google LLC (Alphabet Inc.)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 IBM Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional & Segmental Analysis
10.3.4 Research & Development Expenses
10.3.5 SWOT Analysis
10.4 Microsoft Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Oracle Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 SWOT Analysis
10.6 Alibaba Cloud (Alibaba Group Holding Limited)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental Analysis
10.6.4 Recent strategies and developments:
10.6.4.1 Partnerships, Collaborations, and Agreements:
10.6.4.2 Product Launches and Product Expansions:
10.6.5 SWOT Analysis
10.7 Cloudflare, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.5.2 Product Launches and Product Expansions:
10.7.5.3 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 Tencent Holdings Ltd.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.9 Salesforce, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Product Launches and Product Expansions:
10.9.6 SWOT Analysis
10.10. SAP SE
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis
10.10.4 Research & Development Expense
10.10.5 SWOT Analysis
TABLE 1 North America Serverless Computing Market, 2020 - 2023, USD Million
TABLE 2 North America Serverless Computing Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Serverless Computing Market
TABLE 4 Product Launches And Product Expansions– Serverless Computing Market
TABLE 5 Acquisition and Mergers– Serverless Computing Market
TABLE 6 North America Serverless Computing Market by Service Model, 2020 - 2023, USD Million
TABLE 7 North America Serverless Computing Market by Service Model, 2024 - 2031, USD Million
TABLE 8 North America Function-as-a-service (FaaS) Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Function-as-a-service (FaaS) Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Backend-as-a-service (BaaS) Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Backend-as-a-service (BaaS) Market by Region, 2024 - 2031, USD Million
TABLE 12 North America Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 13 North America Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 14 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Small & Medium-sized Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Small & Medium-sized Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Serverless Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 19 North America Serverless Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 20 North America Public Cloud Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Public Cloud Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Hybrid Cloud Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Hybrid Cloud Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Private Cloud Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Private Cloud Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 27 North America Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 28 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 29 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 30 North America IT & Telecom Market by Country, 2020 - 2023, USD Million
TABLE 31 North America IT & Telecom Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Healthcare & Life Sciences Market by Country, 2020 - 2023, USD Million
TABLE 33 North America Healthcare & Life Sciences Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Retail & Consumer Goods Market by Country, 2020 - 2023, USD Million
TABLE 35 North America Retail & Consumer Goods Market by Country, 2024 - 2031, USD Million
TABLE 36 North America Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Government & Defense Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Government & Defense Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Transportation & Logistics Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Transportation & Logistics Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Other Industry Vertical Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Other Industry Vertical Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Serverless Computing Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Serverless Computing Market by Country, 2024 - 2031, USD Million
TABLE 46 US Serverless Computing Market, 2020 - 2023, USD Million
TABLE 47 US Serverless Computing Market, 2024 - 2031, USD Million
TABLE 48 US Serverless Computing Market by Service Model, 2020 - 2023, USD Million
TABLE 49 US Serverless Computing Market by Service Model, 2024 - 2031, USD Million
TABLE 50 US Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 51 US Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 52 US Serverless Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 53 US Serverless Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 54 US Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 55 US Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 56 Canada Serverless Computing Market, 2020 - 2023, USD Million
TABLE 57 Canada Serverless Computing Market, 2024 - 2031, USD Million
TABLE 58 Canada Serverless Computing Market by Service Model, 2020 - 2023, USD Million
TABLE 59 Canada Serverless Computing Market by Service Model, 2024 - 2031, USD Million
TABLE 60 Canada Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 61 Canada Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 62 Canada Serverless Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 63 Canada Serverless Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 64 Canada Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 65 Canada Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 66 Mexico Serverless Computing Market, 2020 - 2023, USD Million
TABLE 67 Mexico Serverless Computing Market, 2024 - 2031, USD Million
TABLE 68 Mexico Serverless Computing Market by Service Model, 2020 - 2023, USD Million
TABLE 69 Mexico Serverless Computing Market by Service Model, 2024 - 2031, USD Million
TABLE 70 Mexico Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 71 Mexico Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 72 Mexico Serverless Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 73 Mexico Serverless Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 74 Mexico Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 75 Mexico Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 76 Rest of North America Serverless Computing Market, 2020 - 2023, USD Million
TABLE 77 Rest of North America Serverless Computing Market, 2024 - 2031, USD Million
TABLE 78 Rest of North America Serverless Computing Market by Service Model, 2020 - 2023, USD Million
TABLE 79 Rest of North America Serverless Computing Market by Service Model, 2024 - 2031, USD Million
TABLE 80 Rest of North America Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 81 Rest of North America Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 82 Rest of North America Serverless Computing Market by Deployment, 2020 - 2023, USD Million
TABLE 83 Rest of North America Serverless Computing Market by Deployment, 2024 - 2031, USD Million
TABLE 84 Rest of North America Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 85 Rest of North America Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 86 Key Information – Amazon Web Services, Inc.
TABLE 87 Key Information – Google LLC
TABLE 88 Key Information – IBM Corporation
TABLE 89 Key Information – Microsoft Corporation
TABLE 90 Key Information – Oracle Corporation
TABLE 91 Key Information – Alibaba Cloud
TABLE 92 Key Information – Cloudflare, Inc.
TABLE 93 Key Information – Tencent Holdings Ltd.
TABLE 94 Key Information – Salesforce, Inc.
TABLE 95 Key Information – SAP SE
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Serverless Computing Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Serverless Computing Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Porter’s Five Forces Analysis – Serverless Computing Market
FIG 8 North America Serverless Computing Market share by Service Model, 2023
FIG 9 North America Serverless Computing Market share by Service Model, 2031
FIG 10 North America Serverless Computing Market by Service Model, 2020 - 2031, USD Million
FIG 11 North America Serverless Computing Market share by Enterprise Size, 2023
FIG 12 North America Serverless Computing Market share by Enterprise Size, 2031
FIG 13 North America Serverless Computing Market by Enterprise Size, 2020 - 2031, USD Million
FIG 14 North America Serverless Computing Market share by Deployment, 2023
FIG 15 North America Serverless Computing Market share by Deployment, 2031
FIG 16 North America Serverless Computing Market by Deployment, 2020 - 2031, USD Million
FIG 17 North America Serverless Computing Market share by Industry Vertical, 2023
FIG 18 North America Serverless Computing Market share by Industry Vertical, 2031
FIG 19 North America Serverless Computing Market by Industry Vertical, 2020 - 2031, USD Million
FIG 20 North America Serverless Computing Market share by Country, 2023
FIG 21 North America Serverless Computing Market share by Country, 2031
FIG 22 North America Serverless Computing Market by Country, 2020 - 2031, USD Million
FIG 23 SWOT Analysis: Amazon Web Services, Inc.
FIG 24 SWOT Analysis: Google LLC
FIG 25 SWOT Analysis: IBM Corporation
FIG 26 SWOT Analysis: Microsoft Corporation
FIG 27 SWOT Analysis: Oracle Corporation
FIG 28 Recent strategies and developments: Alibaba Cloud
FIG 29 SWOT Analysis: Alibaba Cloud
FIG 30 Recent strategies and developments: Cloudflare, Inc.
FIG 31 SWOT Analysis: Cloudflare, Inc.
FIG 32 SWOT Analysis: Salesforce, Inc.
FIG 33 SWOT Analysis: SAP SE