The global demand for Serverless Computing Market is presumed to reach the market size of nearly USD 42.62 MN by 2028 from USD 10.17 MN in 2021 with a CAGR of 22.71% under the study period 2022 - 2028.
Serverless computing (serverless architecture) is a method of executing a cloud computing model wherein the cloud provider provides machine resources on-demand, managing servers on their customers' behalf. Serverless computing does not keep resources in volatile memory; instead, computing is done in brief bursts, with the results saved to disc. When an app is not in use, no computing resources are assigned to it. Serverless computing has the potential to ease the process of deploying code to production.
Market Dynamics
The ability to eliminate server maintenance, cost savings, and rising demand from app development are significant factors for the growth of the serverless computing market. The advantages of Serverless Computing, like increased scalability and agility, are assisting in the quick acceptance of serverless computing, consequently boosting market expansion. The ongoing acceptance of cloud technologies, and the introduction of serverless computing in the expanding IoT landscape, are projected to push the serverless computing market forward over the years. However, certain third-party API-related challenges, like lock-in issues, compliance, security concerns, and vendor dependency, might impede the growth of the serverless computing market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of serverless computing. The growth and trends of serverless computing industry provide a holistic approach to this study.
Market Segmentation
This section of the serverless computing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type- Private Cloud
- Public Cloud
By Application- BFSI
- Telecommunications And IT
- Retail And Ecommerce
- Healthcare And Life Sciences
- Government And Public Sector
- Manufacturing
- Media And Entertainment
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Serverless Computing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Serverless Computing Market Share by Region (Representative Graph)
![Global Serverless Computing Market Share](https://www.valuemarketresearch.com/dist/img/MarketShareByRegion.webp)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the serverless computing market include Amazon Web Services (AWS), Google, IBM, Microsoft, Oracle, CA Technologies, Rackspace, Alibaba, Tibco Software, Platform9, Syncano, NTT Data, Joyent, Iron.io, Stdlib, Realm, Galactic Fog Ip Inc, Modubiz, Tarams Software Technologies, Snyk, Dynatrace, Fiorano Software, Manjrasoft, Sixsq, Twistlock. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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