Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Serverless Apps Market size was over USD 13.91 billion in 2024 and is projected to reach USD 216.27 billion by 2037, growing at around 23.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of serverless apps is assessed at USD 16.69 billion.
The growth of the market can be attributed to primarily to the growing adoption of serverless architecture among organizations as it helps in removal of expensive time-consuming approaches, such as purchasing new hardware component, installing, configuring, and troubleshooting. Along with this, rising need to eliminate management of servers, and escalating emphasis on serverless computing from DevOps are also expected to drive market growth significantly in the upcoming years. Furthermore, increasing implementation of cloud technologies, and emergence of serverless apps in expanding IoT landscape are projected to offer lucrative opportunities to the serverless apps market in the near future. As of 2020, more than 15% of large enterprises invest about USD 10 million annually on public clouds, up from just 5% in 2019. Whereas, about 75% of companies spend about USD 1 million every year on the same.
Serverless Apps Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Adoption of Serverless Architecture Among Organizations
- Rising Need to Eliminate Management of Servers
Challenges
- Lack of Awareness About Serverless Resources in Underdeveloped Regions
Serverless Apps Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
23.5% |
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Base Year Market Size (2024) |
USD 13.91 billion |
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Forecast Year Market Size (2037) |
USD 216.27 billion |
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Regional Scope |
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Serverless Apps Segmentation
The market is segmented by end user into IT & telecommunication, BFSI, retail, government, and industrial, out of which, the IT & telecommunication segment is anticipated to hold the largest share in the global serverless apps market. This can be accounted to the rapidly growing adoption of serverless computing among app developers as a result of its high scalability and cost-effectiveness. Apart from this, rising demand to manage large volume of data and workflows in the IT sector is also predicted to boost the growth of the market segment in the future. Additionally, on the basis services, the professional segment is assessed to witness significant growth during the forecast period owing to the rising focus of enterprises to release new products and features, within their own vicinity, that meet the evolving expectations of consumers.
Our in-depth analysis of the global market includes the following segments:
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By Services |
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By Application |
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By End User |
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Customize this ReportServerless Apps Industry - Regional Synopsis
Asia Pacific industry is likely to account for largest revenue share by 2037, owing to increasing penetration of advanced technologies, and rising development of applications on a variety of industries in the region. The spending on tech goods and services reached a value of about USD 230 billion in China in 2019, whereas the same value accounted for USD 150 billion in Japan and USD 65 billion in India respectively. Moreover, the market in North America is expected to gather the largest share during the forecast period ascribing to the high adoption of cloud-based services, and well-established IT infrastructure in the region. In addition, strong presence of prominent market players is also projected to drive serverless apps market growth in the region in the near future.
Companies Dominating the Serverless Apps Landscape
- Microsoft Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Amazon Web Services, Inc.
- Google LLC
- Alibaba Group Holding Ltd.
- IBM Corporation
- Cisco Services, Inc.
- Oracle Corporation
- Rackspace Inc.
- Platform9 Systems, Inc.
- TIBCO Software Inc.
In the News
- In April 2022, Amazon Web Services, Inc. introduced the latest iteration of Amazon Aurora Serverless, known as Amazon Aurora Serverless v2. This upgraded version is capable of scaling to handle hundreds of thousands of transactions per second, making it suitable for even the most demanding applications.
- November 2021- Microsoft unveiled the launch of Azure Container Apps, a fully managed serverless container service that is specifically built for microservices, with the ability to quickly scale based on HTTP traffic, events or long-running background jobs.
Author Credits: Abhishek Verma
- Report ID: 3961
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
