The Serverless Architecture Market is Predict to reach USD 56.21 Billion by 2031, at a CAGR of 26.5%

Serverless Architecture Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Serverless Architecture Market size is expected to reach $56.21 billion by 2031, rising at a market growth of 26.5% CAGR during the forecast period.

The Large Enterprise segment captured the maximum revenue in the Global Serverless Architecture Market by Organization Size in 2023, thereby, achieving a market value of $34.4 billion by 2031. Large organizations often have the resources to invest in serverless architecture solutions, enabling them to improve application deployment speed and reduce operational costs. Additionally, these enterprises are leveraging serverless platforms to handle complex workloads, such as big data processing, machine learning, and real-time analytics, without extensive infrastructure management.

The Public Cloud segment is experiencing a CAGR of 26 % during the forecast period. This dominance stems from scalability, cost efficiency, and widespread industry adoption. Public cloud platforms, such as AWS Lambda, Microsoft Azure Functions, and Google Cloud Functions, offer a highly flexible environment where businesses can deploy serverless applications without worrying about managing physical infrastructure.

The Automation & Integration segment led the maximum revenue in the Global Serverless Architecture Market by Services in 2023, thereby, achieving a market value of $11.8 billion by 2031. This segment has become a cornerstone for organizations seeking to streamline processes and foster interconnectivity across various platforms. Automation & integration services simplify complex workflows, enabling businesses to optimize operations, reduce errors, and achieve higher productivity.

The BFSI segment is growing at a CAGR of 24 % during the forecast period. Financial institutions leverage serverless technologies to enhance customer experiences, ensure regulatory compliance, and improve operational efficiency. BFSI organizations can develop and deploy applications faster, optimize backend processes, and scale resources on demand to handle fluctuating transaction volumes by adopting serverless platforms.

Full Report: https://www.kbvresearch.com/serverless-architecture-market/

The North America region dominated the Global Serverless Architecture Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $19.7 billion by 2031. The Europe region is anticipated to grow at a CAGR of 26.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 27.5% during (2024 - 2031).

List of Key Companies Profiled

• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Cisco Systems, Inc.
• Datadog, Inc.
• Google LLC (Alphabet Inc.)
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Dynatrace, Inc.
• TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
• NTT Data Corporation
• Alibaba Cloud (Alibaba Group Holding Limited)
• Cloudflare, Inc.
• Vercel Inc.

Serverless Architecture Market Report Segmentation

By Organization Size

• Large Enterprise
• SME

By Deployment

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Services

• Automation & Integration
• API Management
• Monitoring
• Security
• Support & Maintenance
• Training & Consulting
• Other Services

By Vertical

• BFSI
• Retail & Ecommerce
• Media & Entertainment
• Telecom & IT
• Government & Public
• Healthcare & Life Sciences
• Manufacturing
• Other Vertical

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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