Serverless Apps Market Share

Regionally, the global serverless apps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in 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 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.

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 Share