Serverless Apps Market Analysis

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:

By Services

Professional
Managed

By Application

Real-Time File/Stream Processing
Web Application Development
IoT Backend
Others

By End User

IT & Telecommunication
BFSI
Retail
Government
Industrial

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of serverless apps is evaluated at USD 13.38 billion.

Serverless Apps Market size was over USD 11.26 billion in 2023 and is projected to exceed USD 175.07 billion by 2036, growing at over 23.5% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing adoption of serverless architecture among organizations, and rising need to eliminate management of servers.

Asia Pacific industry is poised to account for largest revenue share by 2036, owing to increasing penetration of advanced technologies, and rising development of applications on a variety of industries in the region.

The major players in the market are Microsoft Corporation, Amazon Web Services, Inc., Google LLC, Alibaba Group Holding Ltd., IBM Corporation, and others.

Serverless Apps Market Analysis