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Global Serverless Computing Market: By Service: Professional, Managed; By Type: Hybrid Cloud, Multi-Cloud; By End User Industry: IT and Telecommunication, BFSI, Retail, Government, Industrial; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Serverless Computing Market Outlook
The global serverless computing market is expected to grow in the forecast period of 2023-2028 at a CAGR of 22.2%.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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 (2018-2022)
8.3 Global Serverless Computing Market Forecast (2023-2028)
8.4 Global Serverless Computing Market by Service
8.4.1 Professional
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Managed
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Serverless Computing Market by Type
8.5.1 Hybrid Cloud
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Multi-Cloud
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Serverless Computing Market by End User Industry
8.6.1 IT and Telecommunication
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 BFSI
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Retail
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Government
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Industrial
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Serverless Computing Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Serverless Computing Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Serverless Computing Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Serverless Computing Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Serverless Computing Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Serverless Computing Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 2028
2. Global Serverless Computing Historical Market: Breakup by Service (USD Million), 2018-2022
3. Global Serverless Computing Market Forecast: Breakup by Service (USD Million), 2023-2028
4. Global Serverless Computing Historical Market: Breakup by Type (USD Million), 2018-2022
5. Global Serverless Computing Market Forecast: Breakup by Type (USD Million), 2023-2028
6. Global Serverless Computing Historical Market: Breakup by End User Industry (USD Million), 2018-2022
7. Global Serverless Computing Market Forecast: Breakup by End User Industry (USD Million), 2023-2028
8. Global Serverless Computing Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Serverless Computing Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Serverless Computing Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Serverless Computing Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Serverless Computing Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Serverless Computing Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Serverless Computing Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Serverless Computing Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Serverless Computing Market Structure
Key Questions Answered in the Report
The global serverless computing market is projected to grow at a CAGR of 22.2% between 2023 and 2028.
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.
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.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major services of serverless computing in the industry are professional and managed.
The various types of serverless computing are hybrid cloud and multi-cloud.
The significant end user industries in the market are IT and telecommunication, BFSI, retail, government, and industrial, among others.
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 2023-2028, 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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