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Global Serverless Computing Market to Grow at a CAGR of 22.2% During 2024-2032, Aided by the Rising Adoption of Cloud Infrastructure

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Global Serverless Computing Market Size, Share, Forecast: By Service: Professional, Managed; By Type: Hybrid Cloud, Multi-Cloud; By End User Industry: IT and Telecommunication, BFSI, Retail, Government, Industrial, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Serverless Computing Market Outlook

The global serverless computing market is expected to grow in the forecast period of 2024-2032 at a CAGR of 22.2%.

Global Serverless Computing Market

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Rising Demand for Cost-Effective Computing Services Bolstering the Market for Serverless Computing

The market for serverless computing is being aided by the increasing demand for cost-effective computing. The increasing attempts by various organisations to lower their capital expenses on IT infrastructure is surging the adoption of serverless computing. As businesses are increasingly striving to boost user-experiences, they are deploying serverless computing for enhanced scalability and reliability, which is propelling the market growth. Moreover, the low maintenance and high security offered by serverless computing are surging its use, hence driving the growth of the market. The high security provided by serverless computing is increasing their adoption, which is providing further impetus to the industry growth.

The increasing accessibility to mobile phones and internet connectivity is leading to a surge in the development of web applications, mini-programs, and mobile applications, among others. With the low resource utilisation of such developments, the adoption of serverless computing for eliminating operational and maintenance costs while enabling a pay-as-you-go-method is significantly surging. Moreover, organisations are leveraging serverless computing to decrease the standard release time of web and mobile applications owing to the growing competitiveness, which is driving the growth of the market.

Serverless Computing: Market Segmentation

Serverless computing is an execution method of cloud computing that provides blackened services on as pay-as-you-go basis. It boosts the cost-effectiveness of organisations while improving reliability, scalability, and time-to-market while reducing operational expenditure. Serverless computing is used in major industries like manufacturing, IT, and banking, among others.

Global Serverless Computing Market by Segment

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The major services of serverless computing are:

Professional
Managed

The market can be broadly categorised on the basis of its types into:

Hybrid Cloud
Multi-Cloud

Based on end user industry, the market is divided into:

IT and Telecommunication
BFSI
Retail
Government
Industrial
Others

The EMR report looks into the regional markets of serverless computing like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Serverless Computing Market by Region

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Increasing Focus on Sustainability to Bolster the Growth of the Serverless Computing Industry

As organisations are increasingly focusing on sustainability, they are deploying serverless computing to eliminate the use of IT hardware and boost energy-efficiency. In addition, serverless computing aids organisations to achieve their environmental, social, and governance (ESG) targets by reducing their overall carbon footprint, thereby bolstering the market growth. The increasing compatibility of serverless computing with various program execution methods is also surging its adoption. Moreover, the development of a unified platform of serverless computing for edge and cloud platforms is anticipated to augment the growth of the market in the forecast period.

With the growing technological innovations, consumers are demanding more innovative and advanced solutions. This, in turn, is surging the deployment of serverless computing to use microservices while enabling organisations rapid go-to-market while boosting consumer experiment, which is expected to bolster the market growth. Moreover, the growing demand for innovative features and services of existing applications is estimated to propel the growth of the serverless computing industry. Furthermore, the rising accessibility of serverless computing is predicted to provide impetus to the market growth in the coming years.

Key Industry Players in the Global Serverless Computing Market

The report presents a detailed analysis of the following key players in the global serverless computing market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

Amazon Web Services Inc.
Microsoft Corp.
Google LLC
Alibaba Group Holding Limited
SAP SE
IBM Corp.
Oracle Corp.
Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Service Type End User Industry Region
Breakup by Service	Professional Managed
Breakup by Type	Hybrid Cloud Multi-Cloud
Breakup by End User Industry	IT and Telecommunication BFSI Retail Government Industrial Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Amazon Web Services Inc. Microsoft Corp. Google LLC Alibaba Group Holding Limited SAP SE IBM Corp. Oracle Corp. Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Serverless Computing Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Serverless Computing Historical Market (2018-2023)
   8.3   Global Serverless Computing Market Forecast (2024-2032)
   8.4   Global Serverless Computing Market by Service
       8.4.1   Professional
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Managed
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
   8.5   Global Serverless Computing Market by Type
       8.5.1   Hybrid Cloud
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Multi-Cloud
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
   8.6   Global Serverless Computing Market by End User Industry
       8.6.1   IT and Telecommunication
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   BFSI
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Retail
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Government
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Industrial
           8.6.5.1 Historical Trend (2018-2023)
           8.6.5.2 Forecast Trend (2024-2032)
       8.6.6   Others
   8.7   Global Serverless Computing Market by Region
       8.7.1   North America
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1 Historical Trend (2018-2023)
           8.7.5.2 Forecast Trend (2024-2032)
9   North America Serverless Computing Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Serverless Computing Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Serverless Computing Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Serverless Computing Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Serverless Computing Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Competitive Landscape
   16.1   Market Structure
   16.2   Company Profiles
       16.2.1   Amazon Web Services Inc.
           16.2.1.1   Company Overview
           16.2.1.2   Product Portfolio
           16.2.1.3   Demographic Reach and Achievements
           16.2.1.4   Certifications
       16.2.2   Microsoft Corp.
           16.2.2.1   Company Overview
           16.2.2.2   Product Portfolio
           16.2.2.3   Demographic Reach and Achievements
           16.2.2.4   Certifications
       16.2.3   Google LLC
           16.2.3.1   Company Overview
           16.2.3.2   Product Portfolio
           16.2.3.3   Demographic Reach and Achievements
           16.2.3.4   Certifications
       16.2.4   Alibaba Group Holding Limited
           16.2.4.1   Company Overview
           16.2.4.2   Product Portfolio
           16.2.4.3   Demographic Reach and Achievements
           16.2.4.4   Certifications
       16.2.5   SAP SE
           16.2.5.1   Company Overview
           16.2.5.2   Product Portfolio
           16.2.5.3   Demographic Reach and Achievements
           16.2.5.4   Certifications
       16.2.6   IBM Corp.
           16.2.6.1   Company Overview
           16.2.6.2   Product Portfolio
           16.2.6.3   Demographic Reach and Achievements
           16.2.6.4   Certifications
       16.2.7   Oracle Corp.
           16.2.7.1   Company Overview
           16.2.7.2   Product Portfolio
           16.2.7.3   Demographic Reach and Achievements
           16.2.7.4   Certifications
       16.2.8   Others
17   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Serverless Computing Market: Key Industry Highlights, 2018 and 2032
2.   Global Serverless Computing Historical Market: Breakup by Service (USD Million), 2018-2023
3.   Global Serverless Computing Market Forecast: Breakup by Service (USD Million), 2024-2032
4.   Global Serverless Computing Historical Market: Breakup by Type (USD Million), 2018-2023
5.   Global Serverless Computing Market Forecast: Breakup by Type (USD Million), 2024-2032
6.   Global Serverless Computing Historical Market: Breakup by End User Industry (USD Million), 2018-2023
7.   Global Serverless Computing Market Forecast: Breakup by End User Industry (USD Million), 2024-2032
8.   Global Serverless Computing Historical Market: Breakup by Region (USD Million), 2018-2023
9.   Global Serverless Computing Market Forecast: Breakup by Region (USD Million), 2024-2032
10.   North America Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2023
11.   North America Serverless Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Europe Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Europe Serverless Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Asia Pacific Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Asia Pacific Serverless Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Latin America Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Latin America Serverless Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Middle East and Africa Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Middle East and Africa Serverless Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Global Serverless Computing Market Structure

Key Questions Answered in the Report

What is the growth rate of the global serverless computing market?

The global serverless computing market is projected to grow at a CAGR of 22.2% between 2024 and 2032.

What are the major industry drivers?

The market is being aided by the growing demand for cost-effective computing services, the low maintenance offered by serverless computing, and the rising deployment of serverless computing in the development of mobile and web applications.

What are the key industry trends of the global serverless computing market?

The industry is estimated to be augmented by the increasing focus on sustainability, the growing compatibility of serverless computing, and the rising deployment of serverless computing to boost consumer experiences.

What are the major regional markets of serverless computing, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major services of serverless computing in the industry?

The major services of serverless computing in the industry are professional and managed.

What are the various types of serverless computing?

The various types of serverless computing are hybrid cloud and multi-cloud.

What are the significant end user industries of serverless computing?

The significant end user industries in the market are IT and telecommunication, BFSI, retail, government, and industrial, among others.

Who are the key industry players, according to the report?

The major players in the industry are Amazon Web Services Inc., Microsoft Corp., Google LLC, Alibaba Group Holding Limited, SAP SE, IBM Corp., and Oracle Corp., among others.

Analyst Review

The global serverless computing market is driven by the growing demand for cost-effective computing services. Aided by the rising deployment of serverless computing to boost consumer experiences, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 22.2%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its services, the serverless computing industry can be segmented into professional and managed. By types, the market is bifurcated into hybrid cloud and multi-cloud. On the basis of end user industries, the market is divided into IT and telecommunication, BFSI, retail, government, and industrial, among others. The major regional markets for serverless computing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Amazon Web Services Inc., Microsoft Corp., Google LLC, Alibaba Group Holding Limited, SAP SE, IBM Corp., and Oracle Corp., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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