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Serverless Computing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024 - 2031
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Persistence Market Research has recently released a comprehensive report on the worldwide market for Serverless Computing. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global serverless computing market from 2024 to 2031.
Key Insights:
Serverless Computing Market Size (2024E): US$ 21.3 Bn
Projected Market Value (2031F): US$ 58.95 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 15.7%
Serverless Computing Market - Report Scope:
Serverless computing is revolutionizing the way applications are built and deployed, eliminating the need for traditional server management and infrastructure provisioning. This technology allows developers to focus on writing code while the cloud service provider manages the infrastructure. Key components include Function-as-a-Service (FaaS) and Backend-as-a-Service (BaaS), which cater to a wide range of applications, such as mobile app development, IoT solutions, and API backends.
Market Growth Drivers:
The global serverless computing market is propelled by several key factors, including the increasing demand for agile and scalable IT solutions to support business operations. The reduced operational costs and simplified infrastructure management offered by serverless computing further drive market expansion. Moreover, the rapid adoption of microservices architecture and the growing emphasis on digital transformation across industries create robust growth opportunities. Technological advancements, such as enhanced monitoring tools and security features, improve the reliability and efficiency of serverless platforms, fostering greater adoption across enterprises.
Market Restraints:
Despite its advantages, the serverless computing market faces challenges such as vendor lock-in, latency issues, and concerns over application debugging and testing. The reliance on third-party providers for critical infrastructure components raises concerns over data security and compliance, particularly for industries with stringent regulatory requirements. Additionally, the learning curve associated with serverless architecture and integration complexities with existing legacy systems may hinder adoption.
Market Opportunities:
The serverless computing market offers significant growth potential through continuous innovation and strategic industry collaboration. Emerging opportunities include leveraging serverless computing for artificial intelligence (AI) and machine learning (ML) workloads, enhancing edge computing capabilities, and expanding use cases in real-time analytics and processing. Furthermore, the rising popularity of multi-cloud strategies and hybrid serverless solutions unlocks new avenues for businesses to maximize flexibility and performance. Strategic investments in developer-centric tools and resources, along with ecosystem partnerships, will play a pivotal role in shaping the future of the serverless computing market.
Key Questions Answered in the Report:
What are the primary factors driving the growth of the serverless computing market globally?
How are industries adopting serverless architectures to streamline operations and reduce costs?
Which regions are witnessing the fastest growth in serverless computing adoption?
What are the potential risks and mitigation strategies for enterprises adopting serverless solutions?
Who are the leading players in the serverless computing market, and what strategies are they employing to maintain a competitive edge?
Competitive Intelligence and Business Strategy:
Leading players in the global serverless computing market, including AWS, Microsoft Azure, Google Cloud, IBM Cloud, and Oracle, focus on expanding their service offerings, improving developer support, and enhancing security features to gain a competitive edge. These companies actively invest in research and development to introduce advanced features, such as real-time monitoring, event-driven computing, and enhanced scaling capabilities. Collaborations with enterprises and startups further expand their market reach and drive innovation. Emphasis on educating developers and providing seamless integration with popular programming frameworks ensures widespread adoption of serverless technologies.
Key Companies Profiled:
Amazon Web Services (AWS)
Microsoft Azure
Google Cloud Platform
IBM Cloud
Oracle Cloud
Alibaba Cloud
Cloudflare
Twilio
Red Hat (IBM)
Salesforce
Serverless Computing Market Segmentation
By Service Type
Compute
Serverless Storage
Serverless Database
Application Integration
Monitoring & Security
Other Service Types
By Service Model
Function-as-a-service (FaaS)
Backend-as-a-service (BaaS)
By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By Organization Size
Small Enterprises
Medium Enterprises
Large Enterprises
By Vertical
IT & Telecom
BFSI
Retail & Consumer Goods
Healthcare & Life Sciences
Government & Defense
Transportation & Logistics
Manufacturing
Other Verticals
By Region
North America
Europe
East Asia
South Asia and Oceania
Latin America
The Middle East and Africa
Table of Contents
1. Executive Summary
1.1. Global Serverless Computing Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations
2. Market Overview
2.1. Market Scope and Definition
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunity
2.2.4. Challenges
2.2.5. Key Trends
2.3. Macro-Economic Factors
2.3.1. Global Sectorial Outlook
2.3.2. Global GDP Growth Outlook
2.3.3. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Value Chain Analysis
2.7.1. List of Raw Materials Suppliers
2.7.2. List of Product Manufacturers
2.7.3. List of Product Distributors
2.7.4. List of Deployments
2.8. PESTLE Analysis
2.9. Porter's Five Force Analysis
3. Price Trend Analysis, 2019 - 2031
3.1. Key Highlights
3.2. Key Factors Impacting Product Prices
3.3. Pricing Analysis, By Service Type
3.4. Regional Prices and Historical and Future Growth Trends
4. Global Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
4.1. Key Highlights
4.1.1. Market Volume (Units) Projections
4.1.2. Market Size (US$ Bn ) and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Market Size (US$ Bn ) Analysis and Forecast
4.2.1. Historical Market Size (US$ Bn ) Analysis, 2019 - 2023
4.2.2. Current Market Size (US$ Bn ) Analysis and Forecast, 2024 - 2031
4.3. Global Serverless Computing Outlook: Product
4.3.1. Introduction / Key Findings
4.3.2. Historical Market Size (US$ Bn ) Analysis, By Service Type, 2019 - 2023
4.3.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
4.3.3.1. Compute
4.3.3.2. Serverless Storage
4.3.3.3. Serverless Database
4.3.3.4. Application Integration
4.3.3.5. Monitoring & Security
4.3.3.6. Other Service Types
4.4. Market Attractiveness Analysis: Service Type
4.5. Global Serverless Computing Outlook: Service Model
4.5.1. Introduction / Key Findings
4.5.2. Historical Market Size (US$ Bn ) Analysis, By Service Model, 2019 - 2023
4.5.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
4.5.3.1. Function-as-a-service (FaaS)
4.5.3.2. Backend-as-a-service (BaaS)
4.6. Market Attractiveness Analysis: Service Model
4.7. Global Serverless Computing Outlook: Deployment
4.7.1. Introduction / Key Findings
4.7.2. Historical Market Size (US$ Bn ) Analysis, By Deployment, 2019 - 2023
4.7.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
4.7.3.1. Public Cloud
4.7.3.2. Private Cloud
4.7.3.3. Hybrid Cloud
4.8. Market Attractiveness Analysis: Deployment
4.9. Global Serverless Computing Outlook: Organization Size
4.9.1. Introduction / Key Findings
4.9.2. Historical Market Size (US$ Bn ) Analysis, By Organization Size, 2019 - 2023
4.9.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Organization Size, 2024 - 2031
4.9.3.1. Small Enterprises
4.9.3.2. Medium Enterprises
4.9.3.3. Large Enterprises
4.10. Market Attractiveness Analysis: Organization Size
4.11. Global Serverless Computing Outlook: Verticals
4.11.1. Introduction / Key Findings
4.11.2. Historical Market Size (US$ Bn ) Analysis, By Verticals , 2019 - 2023
4.11.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Verticals , 2024 - 2031
4.11.3.1. IT & Telecom
4.11.3.2. BFSI
4.11.3.3. Retail & Consumer Goods
4.11.3.4. Healthcare & Life Sciences
4.11.3.5. Government & Defense
4.11.3.6. Transportation & Logistics
4.11.3.7. Manufacturing
4.11.3.8. Other Verticals
4.12. Market Attractiveness Analysis: Verticals
5. Global Serverless Computing Outlook: Region
5.1. Key Highlights
5.2. Historical Market Size (US$ Bn ) Analysis, By Region, 2019 - 2023
5.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Region, 2024 - 2031
5.3.1. North America
5.3.2. Europe
5.3.3. East Asia
5.3.4. South Asia and Oceania
5.3.5. Latin America
5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region
6. North America Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
6.3.1. By Country
6.3.2. By Service Type
6.3.3. By Service Model
6.3.4. By Deployment
6.3.5. By Organization Size
6.3.6. By Vertical
6.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
6.4.1. U.S.
6.4.2. Canada
6.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
6.5.1. Compute
6.5.2. Serverless Storage
6.5.3. Serverless Database
6.5.4. Application Integration
6.5.5. Monitoring & Security
6.5.6. Other Service Types
6.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
6.6.1. Function-as-a-service (FaaS)
6.6.2. Backend-as-a-service (BaaS)
6.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
6.7.1. Public Cloud
6.7.2. Private Cloud
6.7.3. Hybrid Cloud
6.8. Current Market Size (US$ Bn ) Analysis and Forecast, By Organization Size, 2024 - 2031
6.8.1. Small Enterprises
6.8.2. Medium Enterprises
6.8.3. Large Enterprises
6.9. Current Market Size (US$ Bn ) Analysis and Forecast, By Vertical, 2024 - 2031
6.9.1. IT & Telecom
6.9.2. BFSI
6.9.3. Retail & Consumer Goods
6.9.4. Healthcare & Life Sciences
6.9.5. Government & Defense
6.9.6. Transportation & Logistics
6.9.7. Manufacturing
6.9.8. Other Verticals
6.10. Market Attractiveness Analysis
7. Europe Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
7.3.1. By Country
7.3.2. By Service Type
7.3.3. By Service Model
7.3.4. By Deployment
7.3.5. By Organization Size
7.3.6. By Vertical
7.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Turkey
7.4.8. Rest of Europe
7.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
7.5.1. Automatic Swinging Gates
7.5.2. Swing Gate Openers
7.5.3. Barrier Gate Openers
7.5.4. Overhead Gate Openers
7.5.5. Vertical Lift Gate Openers
7.5.6. Bi-folding Gate Openers
7.5.7. Others
7.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
7.6.1. Electric Powered
7.6.2. Solar Powered
7.6.3. Battery Powered
7.6.4. Others
7.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
7.7.1. Residential
7.7.2. Transportation Hubs
7.7.3. Military
7.7.4. Industries
7.7.5. Retail
7.7.6. Others
7.8. Market Attractiveness Analysis
8. East Asia Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
8.3.1. By Country
8.3.2. By Service Type
8.3.3. By Service Model
8.3.4. By Deployment
8.3.5. By Organization Size
8.3.6. By Vertical
8.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
8.4.1. China
8.4.2. Japan
8.4.3. South Korea
8.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
8.5.1. Automatic Swinging Gates
8.5.2. Swing Gate Openers
8.5.3. Barrier Gate Openers
8.5.4. Overhead Gate Openers
8.5.5. Vertical Lift Gate Openers
8.5.6. Bi-folding Gate Openers
8.5.7. Others
8.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
8.6.1. Electric Powered
8.6.2. Solar Powered
8.6.3. Battery Powered
8.6.4. Others
8.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
8.7.1. Residential
8.7.2. Transportation Hubs
8.7.3. Military
8.7.4. Industries
8.7.5. Retail
8.7.6. Others
8.8. Market Attractiveness Analysis
9. South Asia & Oceania Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
9.3.1. By Country
9.3.2. By Service Type
9.3.3. By Service Model
9.3.4. By Deployment
9.3.5. By Organization Size
9.3.6. By Vertical
9.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
9.4.1. India
9.4.2. Southeast Asia
9.4.3. ANZ
9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
9.5.1. Automatic Swinging Gates
9.5.2. Swing Gate Openers
9.5.3. Barrier Gate Openers
9.5.4. Overhead Gate Openers
9.5.5. Vertical Lift Gate Openers
9.5.6. Bi-folding Gate Openers
9.5.7. Others
9.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
9.6.1. Electric Powered
9.6.2. Solar Powered
9.6.3. Battery Powered
9.6.4. Others
9.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
9.7.1. Residential
9.7.2. Transportation Hubs
9.7.3. Military
9.7.4. Industries
9.7.5. Retail
9.7.6. Others
9.8. Market Attractiveness Analysis
10. Latin America Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
10.3.1. By Country
10.3.2. By Service Type
10.3.3. By Service Model
10.3.4. By Deployment
10.3.5. By Organization Size
10.3.6. By Vertical
10.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
10.4.1. Automatic Swinging Gates
10.4.2. Swing Gate Openers
10.4.3. Barrier Gate Openers
10.4.4. Overhead Gate Openers
10.4.5. Vertical Lift Gate Openers
10.4.6. Bi-folding Gate Openers
10.4.7. Others
10.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
10.5.1. Electric Powered
10.5.2. Solar Powered
10.5.3. Battery Powered
10.5.4. Others
10.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
10.6.1. Residential
10.6.2. Transportation Hubs
10.6.3. Military
10.6.4. Industries
10.6.5. Retail
10.6.6. Others
10.7. Market Attractiveness Analysis
11. Middle East & Africa Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
11.3.1. By Country
11.3.2. By Service Type
11.3.3. By Service Model
11.3.4. By Deployment
11.3.5. By Organization Size
11.3.6. By Vertical
11.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
11.4.1. GCC Countries
11.4.2. Egypt
11.4.3. South Africa
11.4.4. Northern Africa
11.4.5. Rest of Middle East & Africa
11.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
11.5.1. Automatic Swinging Gates
11.5.2. Swing Gate Openers
11.5.3. Barrier Gate Openers
11.5.4. Overhead Gate Openers
11.5.5. Vertical Lift Gate Openers
11.5.6. Bi-folding Gate Openers
11.5.7. Others
11.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
11.6.1. Electric Powered
11.6.2. Solar Powered
11.6.3. Battery Powered
11.6.4. Others
11.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
11.7.1. Residential
11.7.2. Transportation Hubs
11.7.3. Military
11.7.4. Industries
11.7.5. Retail
11.7.6. Others
11.8. Market Attractiveness Analysis
12. Competition Landscape
12.1. Market Share Analysis, 2023
12.2. Market Structure
12.2.1. Competition Intensity Mapping By Company
12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
12.3.1. OVHcloud
12.3.1.1. Overview
12.3.1.2. Segments and Products
12.3.1.3. Key Financials
12.3.1.4. Market Developments
12.3.1.5. Market Strategy
12.3.2. Hetzner
12.3.3. Linode
12.3.4. Yandex Cloud
12.3.5. Huawei Cloud
12.3.6. UCloud
12.3.7. Baidu Cloud
12.3.8. Kingsoft Cloud
12.3.9. OVHcloud
12.3.10. UpCloud
12.3.11. Zoho
12.3.12. Hostinger
12.3.13. Kinsta
12.3.14. Render
12.3.15. Fly.io
12.3.16. Tigera
12.3.17. Wasabi
12.3.18. MinIO
13. Appendix
13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations