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Serverless Apps Market Trends

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Report ID: 3961
Published Date: Aug 20, 2024
Report Format: PDF, PPT

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Serverless Apps Market Trends

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

Base Year	2023
Forecast Year	2024–2036
CAGR	23.5%
Base Year Market Size (2023)	USD 11.26 billion
Forecast Year Market Size (2036)	USD 175.07 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Serverless Apps Market Size & Share, Growth Forecasts 2036

Author Credits: Abhishek Verma

Report ID: 3961
Published Date: Aug 20, 2024
Report Format: PDF, PPT

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.

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