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PUBLISHER: KBV Research | PRODUCT CODE: 1645377
PUBLISHER: KBV Research | PRODUCT CODE: 1645377
LAMEA 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 Latin America, Middle East and Africa Serverless Computing Market would witness market growth of 15.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Serverless Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,295.4 million by 2031. The Argentina market is showcasing a CAGR of 16.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 14.7% during (2024 - 2031).
Another key driver of the serverless computing market is its inherent cost efficiency. Unlike traditional server-based models, where resources are often underutilized during off-peak periods, serverless architectures operate on a pay-as-you-go model. Businesses are billed only for the compute resources consumed during the execution of functions, with no charges for idle time.
Moreover, this pricing structure significantly reduces operational costs, making serverless computing particularly attractive for startups, small and medium-sized enterprises (SMEs), and organizations with variable workloads. By eliminating the need for upfront investments in infrastructure, serverless computing lowers the barrier to entry for businesses looking to leverage cloud-based solutions.
In Brazil, the e-commerce sector is undergoing significant expansion, driven by the growing accessibility of the internet and the emergence of a burgeoning middle class. According to the ITA, the sector is expected to surpass $200 billion by 2026, growing at an annual rate of 14.3%. Serverless computing solutions are becoming essential for e-commerce platforms to handle massive spikes in traffic during major sales events like Black Friday. These solutions ensure platforms remain functional and responsive during peak demand, enhancing customer satisfaction and driving sales in one of Latin America's largest e-commerce sectors.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Serverless Computing Market, by Service Model
- 1.4.2 LAMEA Serverless Computing Market, by Enterprise Size
- 1.4.3 LAMEA Serverless Computing Market, by Deployment
- 1.4.4 LAMEA Serverless Computing Market, by Industry Vertical
- 1.4.5 LAMEA 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. LAMEA Serverless Computing Market by Service Model
- 5.1 LAMEA Function-as-a-service (FaaS) Market by Country
- 5.2 LAMEA Backend-as-a-service (BaaS) Market by Country
Chapter 6. LAMEA Serverless Computing Market by Enterprise Size
- 6.1 LAMEA Large Enterprises Market by Country
- 6.2 LAMEA Small & Medium-sized Enterprises Market by Country
Chapter 7. LAMEA Serverless Computing Market by Deployment
- 7.1 LAMEA Public Cloud Market by Country
- 7.2 LAMEA Hybrid Cloud Market by Country
- 7.3 LAMEA Private Cloud Market by Country
Chapter 8. LAMEA Serverless Computing Market by Industry Vertical
- 8.1 LAMEA BFSI Market by Country
- 8.2 LAMEA IT & Telecom Market by Country
- 8.3 LAMEA Healthcare & Life Sciences Market by Country
- 8.4 LAMEA Retail & Consumer Goods Market by Country
- 8.5 LAMEA Manufacturing Market by Country
- 8.6 LAMEA Government & Defense Market by Country
- 8.7 LAMEA Transportation & Logistics Market by Country
- 8.8 LAMEA Other Industry Vertical Market by Country
Chapter 9. LAMEA Serverless Computing Market by Country
- 9.1 Brazil Serverless Computing Market
- 9.1.1 Brazil Serverless Computing Market by Service Model
- 9.1.2 Brazil Serverless Computing Market by Enterprise Size
- 9.1.3 Brazil Serverless Computing Market by Deployment
- 9.1.4 Brazil Serverless Computing Market by Industry Vertical
- 9.2 Argentina Serverless Computing Market
- 9.2.1 Argentina Serverless Computing Market by Service Model
- 9.2.2 Argentina Serverless Computing Market by Enterprise Size
- 9.2.3 Argentina Serverless Computing Market by Deployment
- 9.2.4 Argentina Serverless Computing Market by Industry Vertical
- 9.3 UAE Serverless Computing Market
- 9.3.1 UAE Serverless Computing Market by Service Model
- 9.3.2 UAE Serverless Computing Market by Enterprise Size
- 9.3.3 UAE Serverless Computing Market by Deployment
- 9.3.4 UAE Serverless Computing Market by Industry Vertical
- 9.4 Saudi Arabia Serverless Computing Market
- 9.4.1 Saudi Arabia Serverless Computing Market by Service Model
- 9.4.2 Saudi Arabia Serverless Computing Market by Enterprise Size
- 9.4.3 Saudi Arabia Serverless Computing Market by Deployment
- 9.4.4 Saudi Arabia Serverless Computing Market by Industry Vertical
- 9.5 South Africa Serverless Computing Market
- 9.5.1 South Africa Serverless Computing Market by Service Model
- 9.5.2 South Africa Serverless Computing Market by Enterprise Size
- 9.5.3 South Africa Serverless Computing Market by Deployment
- 9.5.4 South Africa Serverless Computing Market by Industry Vertical
- 9.6 Nigeria Serverless Computing Market
- 9.6.1 Nigeria Serverless Computing Market by Service Model
- 9.6.2 Nigeria Serverless Computing Market by Enterprise Size
- 9.6.3 Nigeria Serverless Computing Market by Deployment
- 9.6.4 Nigeria Serverless Computing Market by Industry Vertical
- 9.7 Rest of LAMEA Serverless Computing Market
- 9.7.1 Rest of LAMEA Serverless Computing Market by Service Model
- 9.7.2 Rest of LAMEA Serverless Computing Market by Enterprise Size
- 9.7.3 Rest of LAMEA Serverless Computing Market by Deployment
- 9.7.4 Rest of LAMEA 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 LAMEA Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA 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 LAMEA Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 7 LAMEA Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 8 LAMEA Function-as-a-service (FaaS) Market by Country, 2020 - 2023, USD Million
- TABLE 9 LAMEA Function-as-a-service (FaaS) Market by Country, 2024 - 2031, USD Million
- TABLE 10 LAMEA Backend-as-a-service (BaaS) Market by Country, 2020 - 2023, USD Million
- TABLE 11 LAMEA Backend-as-a-service (BaaS) Market by Country, 2024 - 2031, USD Million
- TABLE 12 LAMEA Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 13 LAMEA Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 14 LAMEA Large Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 15 LAMEA Large Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 16 LAMEA Small & Medium-sized Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 17 LAMEA Small & Medium-sized Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 18 LAMEA Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 19 LAMEA Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 20 LAMEA Public Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 21 LAMEA Public Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 22 LAMEA Hybrid Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 23 LAMEA Hybrid Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 24 LAMEA Private Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 25 LAMEA Private Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 26 LAMEA Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 27 LAMEA Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 28 LAMEA BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 29 LAMEA BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 30 LAMEA IT & Telecom Market by Country, 2020 - 2023, USD Million
- TABLE 31 LAMEA IT & Telecom Market by Country, 2024 - 2031, USD Million
- TABLE 32 LAMEA Healthcare & Life Sciences Market by Country, 2020 - 2023, USD Million
- TABLE 33 LAMEA Healthcare & Life Sciences Market by Country, 2024 - 2031, USD Million
- TABLE 34 LAMEA Retail & Consumer Goods Market by Country, 2020 - 2023, USD Million
- TABLE 35 LAMEA Retail & Consumer Goods Market by Country, 2024 - 2031, USD Million
- TABLE 36 LAMEA Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 37 LAMEA Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 38 LAMEA Government & Defense Market by Country, 2020 - 2023, USD Million
- TABLE 39 LAMEA Government & Defense Market by Country, 2024 - 2031, USD Million
- TABLE 40 LAMEA Transportation & Logistics Market by Country, 2020 - 2023, USD Million
- TABLE 41 LAMEA Transportation & Logistics Market by Country, 2024 - 2031, USD Million
- TABLE 42 LAMEA Other Industry Vertical Market by Country, 2020 - 2023, USD Million
- TABLE 43 LAMEA Other Industry Vertical Market by Country, 2024 - 2031, USD Million
- TABLE 44 LAMEA Serverless Computing Market by Country, 2020 - 2023, USD Million
- TABLE 45 LAMEA Serverless Computing Market by Country, 2024 - 2031, USD Million
- TABLE 46 Brazil Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 47 Brazil Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 48 Brazil Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 49 Brazil Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 50 Brazil Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 51 Brazil Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 52 Brazil Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 53 Brazil Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 54 Brazil Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 55 Brazil Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 56 Argentina Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 57 Argentina Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 58 Argentina Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 59 Argentina Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 60 Argentina Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 61 Argentina Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 62 Argentina Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 63 Argentina Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 64 Argentina Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 65 Argentina Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 66 UAE Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 67 UAE Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 68 UAE Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 69 UAE Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 70 UAE Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 71 UAE Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 72 UAE Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 73 UAE Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 74 UAE Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 75 UAE Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 76 Saudi Arabia Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 77 Saudi Arabia Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 78 Saudi Arabia Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 79 Saudi Arabia Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 80 Saudi Arabia Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 81 Saudi Arabia Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 82 Saudi Arabia Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 83 Saudi Arabia Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 84 Saudi Arabia Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 85 Saudi Arabia Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 86 South Africa Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 87 South Africa Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 88 South Africa Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 89 South Africa Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 90 South Africa Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 91 South Africa Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 92 South Africa Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 93 South Africa Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 94 South Africa Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 95 South Africa Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 96 Nigeria Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 97 Nigeria Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 98 Nigeria Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 99 Nigeria Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 100 Nigeria Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 101 Nigeria Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 102 Nigeria Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 103 Nigeria Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 104 Nigeria Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 105 Nigeria Serverless Computing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 106 Rest of LAMEA Serverless Computing Market, 2020 - 2023, USD Million
- TABLE 107 Rest of LAMEA Serverless Computing Market, 2024 - 2031, USD Million
- TABLE 108 Rest of LAMEA Serverless Computing Market by Service Model, 2020 - 2023, USD Million
- TABLE 109 Rest of LAMEA Serverless Computing Market by Service Model, 2024 - 2031, USD Million
- TABLE 110 Rest of LAMEA Serverless Computing Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 111 Rest of LAMEA Serverless Computing Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 112 Rest of LAMEA Serverless Computing Market by Deployment, 2020 - 2023, USD Million
- TABLE 113 Rest of LAMEA Serverless Computing Market by Deployment, 2024 - 2031, USD Million
- TABLE 114 Rest of LAMEA Serverless Computing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 115 Rest of LAMEA 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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