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PUBLISHER: KBV Research | PRODUCT CODE: 1645376
PUBLISHER: KBV Research | PRODUCT CODE: 1645376
Asia Pacific Serverless Computing Market Size, Share & Trends Analysis Report By Service Model, By Enterprise Size, By Deployment, By Industry Vertical, By Country and Growth Forecast, 2024 - 2031
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The Asia Pacific Serverless Computing Market would witness market growth of 14.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Serverless Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,627.4 million by 2031. The Japan market is registering a CAGR of 13.5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 15% during (2024 - 2031).
In traditional computing models, organizations must set up and maintain servers on-premises or in the cloud to host their applications. This requires significant investment in infrastructure, constant monitoring, and manual scaling to handle varying workloads. Serverless computing eliminates these concerns by allowing users to deploy applications in a fully managed environment where the cloud provider handles all backend operations automatically. This includes scaling applications up or down based on demand, patching servers, and ensuring high availability.
Moreover, the expansion of serverless computing has been propelled by the rising integration of cloud technologies across various sectors. As businesses strive to modernize their IT infrastructure and keep pace with the demands of a digital-first, the flexibility and agility offered by serverless architectures have become indispensable. These platforms have rendered serverless technology accessible to enterprises of varying sizes, facilitating the development of scalable and resilient applications without the burden of overseeing physical or virtual servers.
Singapore has established itself as a regional center for serverless computing by capitalizing on its sophisticated digital infrastructure and favorable business policies. The country's strong presence in fintech, logistics, and e-commerce drives the demand for serverless solutions to enhance scalability and efficiency. Government initiatives like the Smart Nation Program and investments in cloud infrastructure are fostering the adoption of serverless computing across public and private sectors. Singapore's emphasis on innovation and its role as a hub for multinational corporations further enhance its market potential for serverless technologies. Therefore, with its dynamic market landscape and growing investments in technology, Asia Pacific is poised to become a major hub for serverless computing.
Based on Service Model, the market is segmented into Function-as-a-service (FaaS), and Backend-as-a-service (BaaS). Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium-sized Enterprises. Based on Deployment, the market is segmented into Public Cloud, Hybrid Cloud, and Private Cloud. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Government & Defense, Transportation & Logistics, and Other Industry Vertical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Oracle Corporation
- Alibaba Cloud (Alibaba Group Holding Limited)
- Cloudflare, Inc.
- Tencent Holdings Ltd.
- SAP SE
- Salesforce, Inc.
Asia Pacific Serverless Computing Market Report Segmentation
By Service Model
- Function-as-a-service (FaaS)
- Backend-as-a-service (BaaS)
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Deployment
- Public Cloud
- Hybrid Cloud
- Private Cloud
By Industry Vertical
- BFSI
- IT & Telecom
- Healthcare & Life Sciences
- Retail & Consumer Goods
- Manufacturing
- Government & Defense
- Transportation & Logistics
- Other Industry Vertical
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Asia Pacific Serverless Computing Market, by Service Model
- 1.4.2 Asia Pacific Serverless Computing Market, by Enterprise Size
- 1.4.3 Asia Pacific Serverless Computing Market, by Deployment
- 1.4.4 Asia Pacific Serverless Computing Market, by Industry Vertical
- 1.4.5 Asia Pacific Serverless Computing Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific Serverless Computing Market by Service Model
- 5.1 Asia Pacific Function-as-a-service (FaaS) Market by Country
- 5.2 Asia Pacific Backend-as-a-service (BaaS) Market by Country
Chapter 6. Asia Pacific Serverless Computing Market by Enterprise Size
- 6.1 Asia Pacific Large Enterprises Market by Country
- 6.2 Asia Pacific Small & Medium-sized Enterprises Market by Country
Chapter 7. Asia Pacific Serverless Computing Market by Deployment
- 7.1 Asia Pacific Public Cloud Market by Country
- 7.2 Asia Pacific Hybrid Cloud Market by Country
- 7.3 Asia Pacific Private Cloud Market by Country
Chapter 8. Asia Pacific Serverless Computing Market by Industry Vertical
- 8.1 Asia Pacific BFSI Market by Country
- 8.2 Asia Pacific IT & Telecom Market by Country
- 8.3 Asia Pacific Healthcare & Life Sciences Market by Country
- 8.4 Asia Pacific Retail & Consumer Goods Market by Country
- 8.5 Asia Pacific Manufacturing Market by Country
- 8.6 Asia Pacific Government & Defense Market by Country
- 8.7 Asia Pacific Transportation & Logistics Market by Country
- 8.8 Asia Pacific Other Industry Vertical Market by Country
Chapter 9. Asia Pacific Serverless Computing Market by Country
- 9.1 China Serverless Computing Market
- 9.1.1 China Serverless Computing Market by Service Model
- 9.1.2 China Serverless Computing Market by Enterprise Size
- 9.1.3 China Serverless Computing Market by Deployment
- 9.1.4 China Serverless Computing Market by Industry Vertical
- 9.2 Japan Serverless Computing Market
- 9.2.1 Japan Serverless Computing Market by Service Model
- 9.2.2 Japan Serverless Computing Market by Enterprise Size
- 9.2.3 Japan Serverless Computing Market by Deployment
- 9.2.4 Japan Serverless Computing Market by Industry Vertical
- 9.3 India Serverless Computing Market
- 9.3.1 India Serverless Computing Market by Service Model
- 9.3.2 India Serverless Computing Market by Enterprise Size
- 9.3.3 India Serverless Computing Market by Deployment
- 9.3.4 India Serverless Computing Market by Industry Vertical
- 9.4 South Korea Serverless Computing Market
- 9.4.1 South Korea Serverless Computing Market by Service Model
- 9.4.2 South Korea Serverless Computing Market by Enterprise Size
- 9.4.3 South Korea Serverless Computing Market by Deployment
- 9.4.4 South Korea Serverless Computing Market by Industry Vertical
- 9.5 Singapore Serverless Computing Market
- 9.5.1 Singapore Serverless Computing Market by Service Model
- 9.5.2 Singapore Serverless Computing Market by Enterprise Size
- 9.5.3 Singapore Serverless Computing Market by Deployment
- 9.5.4 Singapore Serverless Computing Market by Industry Vertical
- 9.6 Malaysia Serverless Computing Market
- 9.6.1 Malaysia Serverless Computing Market by Service Model
- 9.6.2 Malaysia Serverless Computing Market by Enterprise Size
- 9.6.3 Malaysia Serverless Computing Market by Deployment
- 9.6.4 Malaysia Serverless Computing Market by Industry Vertical
- 9.7 Rest of Asia Pacific Serverless Computing Market
- 9.7.1 Rest of Asia Pacific Serverless Computing Market by Service Model
- 9.7.2 Rest of Asia Pacific Serverless Computing Market by Enterprise Size
- 9.7.3 Rest of Asia Pacific Serverless Computing Market by Deployment
- 9.7.4 Rest of Asia Pacific Serverless Computing Market by Industry Vertical
Chapter 10. Company Profiles
- 10.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental Analysis
- 10.1.4 Recent strategies and developments:
- 10.1.4.1 Partnerships, Collaborations, and Agreements:
- 10.1.5 SWOT Analysis
- 10.2 Google LLC (Alphabet Inc.)
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Product Launches and Product Expansions:
- 10.2.6 SWOT Analysis
- 10.3 IBM Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Regional & Segmental Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 SWOT Analysis
- 10.4 Microsoft Corporation
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Product Launches and Product Expansions:
- 10.4.6 SWOT Analysis
- 10.5 Oracle Corporation
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 SWOT Analysis
- 10.6 Alibaba Cloud (Alibaba Group Holding Limited)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental Analysis
- 10.6.4 Recent strategies and developments:
- 10.6.4.1 Partnerships, Collaborations, and Agreements:
- 10.6.4.2 Product Launches and Product Expansions:
- 10.6.5 SWOT Analysis
- 10.7 Cloudflare, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Regional Analysis
- 10.7.4 Research & Development Expense
- 10.7.5 Recent strategies and developments:
- 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.5.2 Product Launches and Product Expansions:
- 10.7.5.3 Acquisition and Mergers:
- 10.7.6 SWOT Analysis
- 10.8 Tencent Holdings Ltd.
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expenses
- 10.9 Salesforce, Inc.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Regional Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 Recent strategies and developments:
- 10.9.5.1 Product Launches and Product Expansions:
- 10.9.6 SWOT Analysis
- 10.10. SAP SE
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Regional Analysis
- 10.10.4 Research & Development Expense
- 10.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 Asia Pacific Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 2 Asia Pacific Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Serverless Computing Market
- TABLE 4 Product Launches And Product Expansions- Serverless Computing Market
- TABLE 5 Acquisition and Mergers- Serverless Computing Market
- TABLE 6 Asia Pacific Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 7 Asia Pacific Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 8 Asia Pacific Function-as-a-service (FaaS) Market by Country, 2020 - 2023, USD Million
- TABLE 9 Asia Pacific Function-as-a-service (FaaS) Market by Country, 2024 - 2031, USD Million
- TABLE 10 Asia Pacific Backend-as-a-service (BaaS) Market by Country, 2020 - 2023, USD Million
- TABLE 11 Asia Pacific Backend-as-a-service (BaaS) Market by Country, 2024 - 2031, USD Million
- TABLE 12 Asia Pacific Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 13 Asia Pacific Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 14 Asia Pacific Large Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 15 Asia Pacific Large Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 16 Asia Pacific Small & Medium-sized Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 17 Asia Pacific Small & Medium-sized Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 18 Asia Pacific Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 19 Asia Pacific Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 20 Asia Pacific Public Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 21 Asia Pacific Public Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 22 Asia Pacific Hybrid Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 23 Asia Pacific Hybrid Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 24 Asia Pacific Private Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 25 Asia Pacific Private Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 26 Asia Pacific Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 27 Asia Pacific Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 28 Asia Pacific BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 29 Asia Pacific BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 30 Asia Pacific IT & Telecom Market by Country, 2020 - 2023, USD Million
- TABLE 31 Asia Pacific IT & Telecom Market by Country, 2024 - 2031, USD Million
- TABLE 32 Asia Pacific Healthcare & Life Sciences Market by Country, 2020 - 2023, USD Million
- TABLE 33 Asia Pacific Healthcare & Life Sciences Market by Country, 2024 - 2031, USD Million
- TABLE 34 Asia Pacific Retail & Consumer Goods Market by Country, 2020 - 2023, USD Million
- TABLE 35 Asia Pacific Retail & Consumer Goods Market by Country, 2024 - 2031, USD Million
- TABLE 36 Asia Pacific Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 37 Asia Pacific Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 38 Asia Pacific Government & Defense Market by Country, 2020 - 2023, USD Million
- TABLE 39 Asia Pacific Government & Defense Market by Country, 2024 - 2031, USD Million
- TABLE 40 Asia Pacific Transportation & Logistics Market by Country, 2020 - 2023, USD Million
- TABLE 41 Asia Pacific Transportation & Logistics Market by Country, 2024 - 2031, USD Million
- TABLE 42 Asia Pacific Other Industry Vertical Market by Country, 2020 - 2023, USD Million
- TABLE 43 Asia Pacific Other Industry Vertical Market by Country, 2024 - 2031, USD Million
- TABLE 44 Asia Pacific Serverless Computing Market by Country, 2020 - 2023, USD Million
- TABLE 45 Asia Pacific Serverless Computing Market by Country, 2024 - 2031, USD Million
- TABLE 46 China Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 47 China Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 48 China Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 49 China Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 50 China Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 51 China Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 52 China Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 53 China Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 54 China Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 55 China Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 56 Japan Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 57 Japan Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 58 Japan Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 59 Japan Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 60 Japan Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 61 Japan Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 62 Japan Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 63 Japan Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 64 Japan Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 65 Japan Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 66 India Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 67 India Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 68 India Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 69 India Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 70 India Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 71 India Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 72 India Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 73 India Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 74 India Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 75 India Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 76 South Korea Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 77 South Korea Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 78 South Korea Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 79 South Korea Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 80 South Korea Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 81 South Korea Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 82 South Korea Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 83 South Korea Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 84 South Korea Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 85 South Korea Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 86 Singapore Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 87 Singapore Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 88 Singapore Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 89 Singapore Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 90 Singapore Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 91 Singapore Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 92 Singapore Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 93 Singapore Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 94 Singapore Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 95 Singapore Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 96 Malaysia Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 97 Malaysia Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 98 Malaysia Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 99 Malaysia Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 100 Malaysia Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 101 Malaysia Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 102 Malaysia Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 103 Malaysia Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 104 Malaysia Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 105 Malaysia Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 106 Rest of Asia Pacific Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 107 Rest of Asia Pacific Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 108 Rest of Asia Pacific Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 109 Rest of Asia Pacific Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 110 Rest of Asia Pacific Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 111 Rest of Asia Pacific Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 112 Rest of Asia Pacific Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 113 Rest of Asia Pacific Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 114 Rest of Asia Pacific Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 115 Rest of Asia Pacific Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 116 Key Information - Amazon Web Services, Inc.
- TABLE 117 Key Information - Google LLC
- TABLE 118 Key Information - IBM Corporation
- TABLE 119 Key Information - Microsoft Corporation
- TABLE 120 Key Information - Oracle Corporation
- TABLE 121 Key Information - Alibaba Cloud
- TABLE 122 Key Information - Cloudflare, Inc.
- TABLE 123 Key Information - Tencent Holdings Ltd.
- TABLE 124 Key Information - Salesforce, Inc.
- TABLE 125 Key Information - SAP SE
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