PUBLISHER: Persistence Market Research | PRODUCT CODE: 1623901
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1623901
Serverless Computing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024 - 2031
Persistence Market Research has recently released a comprehensive report on the worldwide market for Serverless Computing. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global serverless computing market from 2024 to 2031.
Key Insights:
- Serverless Computing Market Size (2024E): US$ 21.3 Bn
- Projected Market Value (2031F): US$ 58.95 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 15.7%
Serverless Computing Market - Report Scope:
Serverless computing is revolutionizing the way applications are built and deployed, eliminating the need for traditional server management and infrastructure provisioning. This technology allows developers to focus on writing code while the cloud service provider manages the infrastructure. Key components include Function-as-a-Service (FaaS) and Backend-as-a-Service (BaaS), which cater to a wide range of applications, such as mobile app development, IoT solutions, and API backends.
Market Growth Drivers:
The global serverless computing market is propelled by several key factors, including the increasing demand for agile and scalable IT solutions to support business operations. The reduced operational costs and simplified infrastructure management offered by serverless computing further drive market expansion. Moreover, the rapid adoption of microservices architecture and the growing emphasis on digital transformation across industries create robust growth opportunities. Technological advancements, such as enhanced monitoring tools and security features, improve the reliability and efficiency of serverless platforms, fostering greater adoption across enterprises.
Market Restraints:
Despite its advantages, the serverless computing market faces challenges such as vendor lock-in, latency issues, and concerns over application debugging and testing. The reliance on third-party providers for critical infrastructure components raises concerns over data security and compliance, particularly for industries with stringent regulatory requirements. Additionally, the learning curve associated with serverless architecture and integration complexities with existing legacy systems may hinder adoption.
Market Opportunities:
The serverless computing market offers significant growth potential through continuous innovation and strategic industry collaboration. Emerging opportunities include leveraging serverless computing for artificial intelligence (AI) and machine learning (ML) workloads, enhancing edge computing capabilities, and expanding use cases in real-time analytics and processing. Furthermore, the rising popularity of multi-cloud strategies and hybrid serverless solutions unlocks new avenues for businesses to maximize flexibility and performance. Strategic investments in developer-centric tools and resources, along with ecosystem partnerships, will play a pivotal role in shaping the future of the serverless computing market.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the serverless computing market globally?
- How are industries adopting serverless architectures to streamline operations and reduce costs?
- Which regions are witnessing the fastest growth in serverless computing adoption?
- What are the potential risks and mitigation strategies for enterprises adopting serverless solutions?
- Who are the leading players in the serverless computing market, and what strategies are they employing to maintain a competitive edge?
Competitive Intelligence and Business Strategy:
Leading players in the global serverless computing market, including AWS, Microsoft Azure, Google Cloud, IBM Cloud, and Oracle, focus on expanding their service offerings, improving developer support, and enhancing security features to gain a competitive edge. These companies actively invest in research and development to introduce advanced features, such as real-time monitoring, event-driven computing, and enhanced scaling capabilities. Collaborations with enterprises and startups further expand their market reach and drive innovation. Emphasis on educating developers and providing seamless integration with popular programming frameworks ensures widespread adoption of serverless technologies.
Key Companies Profiled:
- Amazon Web Services (AWS)
- Microsoft Azure
- Google Cloud Platform
- IBM Cloud
- Oracle Cloud
- Alibaba Cloud
- Cloudflare
- Twilio
- Red Hat (IBM)
- Salesforce
Serverless Computing Market Segmentation
By Service Type
- Compute
- Serverless Storage
- Serverless Database
- Application Integration
- Monitoring & Security
- Other Service Types
By Service Model
- Function-as-a-service (FaaS)
- Backend-as-a-service (BaaS)
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
By Vertical
- IT & Telecom
- BFSI
- Retail & Consumer Goods
- Healthcare & Life Sciences
- Government & Defense
- Transportation & Logistics
- Manufacturing
- Other Verticals
By Region
- North America
- Europe
- East Asia
- South Asia and Oceania
- Latin America
- The Middle East and Africa
Table of Contents
1. Executive Summary
- 1.1. Global Serverless Computing Snapshot, 2024 and 2031
- 1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Other Macro-economic Factors
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
- 2.6. Regulatory Landscape
- 2.7. Value Chain Analysis
- 2.7.1. List of Raw Materials Suppliers
- 2.7.2. List of Product Manufacturers
- 2.7.3. List of Product Distributors
- 2.7.4. List of Deployments
- 2.8. PESTLE Analysis
- 2.9. Porter's Five Force Analysis
3. Price Trend Analysis, 2019 - 2031
- 3.1. Key Highlights
- 3.2. Key Factors Impacting Product Prices
- 3.3. Pricing Analysis, By Service Type
- 3.4. Regional Prices and Historical and Future Growth Trends
4. Global Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 4.1. Key Highlights
- 4.1.1. Market Volume (Units) Projections
- 4.1.2. Market Size (US$ Bn ) and Y-o-Y Growth
- 4.1.3. Absolute $ Opportunity
- 4.2. Market Size (US$ Bn ) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn ) Analysis, 2019 - 2023
- 4.2.2. Current Market Size (US$ Bn ) Analysis and Forecast, 2024 - 2031
- 4.3. Global Serverless Computing Outlook: Product
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn ) Analysis, By Service Type, 2019 - 2023
- 4.3.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
- 4.3.3.1. Compute
- 4.3.3.2. Serverless Storage
- 4.3.3.3. Serverless Database
- 4.3.3.4. Application Integration
- 4.3.3.5. Monitoring & Security
- 4.3.3.6. Other Service Types
- 4.4. Market Attractiveness Analysis: Service Type
- 4.5. Global Serverless Computing Outlook: Service Model
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn ) Analysis, By Service Model, 2019 - 2023
- 4.5.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
- 4.5.3.1. Function-as-a-service (FaaS)
- 4.5.3.2. Backend-as-a-service (BaaS)
- 4.6. Market Attractiveness Analysis: Service Model
- 4.7. Global Serverless Computing Outlook: Deployment
- 4.7.1. Introduction / Key Findings
- 4.7.2. Historical Market Size (US$ Bn ) Analysis, By Deployment, 2019 - 2023
- 4.7.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
- 4.7.3.1. Public Cloud
- 4.7.3.2. Private Cloud
- 4.7.3.3. Hybrid Cloud
- 4.8. Market Attractiveness Analysis: Deployment
- 4.9. Global Serverless Computing Outlook: Organization Size
- 4.9.1. Introduction / Key Findings
- 4.9.2. Historical Market Size (US$ Bn ) Analysis, By Organization Size, 2019 - 2023
- 4.9.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Organization Size, 2024 - 2031
- 4.9.3.1. Small Enterprises
- 4.9.3.2. Medium Enterprises
- 4.9.3.3. Large Enterprises
- 4.10. Market Attractiveness Analysis: Organization Size
- 4.11. Global Serverless Computing Outlook: Verticals
- 4.11.1. Introduction / Key Findings
- 4.11.2. Historical Market Size (US$ Bn ) Analysis, By Verticals , 2019 - 2023
- 4.11.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Verticals , 2024 - 2031
- 4.11.3.1. IT & Telecom
- 4.11.3.2. BFSI
- 4.11.3.3. Retail & Consumer Goods
- 4.11.3.4. Healthcare & Life Sciences
- 4.11.3.5. Government & Defense
- 4.11.3.6. Transportation & Logistics
- 4.11.3.7. Manufacturing
- 4.11.3.8. Other Verticals
- 4.12. Market Attractiveness Analysis: Verticals
5. Global Serverless Computing Outlook: Region
- 5.1. Key Highlights
- 5.2. Historical Market Size (US$ Bn ) Analysis, By Region, 2019 - 2023
- 5.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Region, 2024 - 2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
- 5.4. Market Attractiveness Analysis: Region
6. North America Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 6.3.1. By Country
- 6.3.2. By Service Type
- 6.3.3. By Service Model
- 6.3.4. By Deployment
- 6.3.5. By Organization Size
- 6.3.6. By Vertical
- 6.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
- 6.5.1. Compute
- 6.5.2. Serverless Storage
- 6.5.3. Serverless Database
- 6.5.4. Application Integration
- 6.5.5. Monitoring & Security
- 6.5.6. Other Service Types
- 6.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
- 6.6.1. Function-as-a-service (FaaS)
- 6.6.2. Backend-as-a-service (BaaS)
- 6.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
- 6.7.1. Public Cloud
- 6.7.2. Private Cloud
- 6.7.3. Hybrid Cloud
- 6.8. Current Market Size (US$ Bn ) Analysis and Forecast, By Organization Size, 2024 - 2031
- 6.8.1. Small Enterprises
- 6.8.2. Medium Enterprises
- 6.8.3. Large Enterprises
- 6.9. Current Market Size (US$ Bn ) Analysis and Forecast, By Vertical, 2024 - 2031
- 6.9.1. IT & Telecom
- 6.9.2. BFSI
- 6.9.3. Retail & Consumer Goods
- 6.9.4. Healthcare & Life Sciences
- 6.9.5. Government & Defense
- 6.9.6. Transportation & Logistics
- 6.9.7. Manufacturing
- 6.9.8. Other Verticals
- 6.10. Market Attractiveness Analysis
7. Europe Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 7.3.1. By Country
- 7.3.2. By Service Type
- 7.3.3. By Service Model
- 7.3.4. By Deployment
- 7.3.5. By Organization Size
- 7.3.6. By Vertical
- 7.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
- 7.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
- 7.5.1. Automatic Swinging Gates
- 7.5.2. Swing Gate Openers
- 7.5.3. Barrier Gate Openers
- 7.5.4. Overhead Gate Openers
- 7.5.5. Vertical Lift Gate Openers
- 7.5.6. Bi-folding Gate Openers
- 7.5.7. Others
- 7.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
- 7.6.1. Electric Powered
- 7.6.2. Solar Powered
- 7.6.3. Battery Powered
- 7.6.4. Others
- 7.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
- 7.7.1. Residential
- 7.7.2. Transportation Hubs
- 7.7.3. Military
- 7.7.4. Industries
- 7.7.5. Retail
- 7.7.6. Others
- 7.8. Market Attractiveness Analysis
8. East Asia Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 8.3.1. By Country
- 8.3.2. By Service Type
- 8.3.3. By Service Model
- 8.3.4. By Deployment
- 8.3.5. By Organization Size
- 8.3.6. By Vertical
- 8.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
- 8.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
- 8.5.1. Automatic Swinging Gates
- 8.5.2. Swing Gate Openers
- 8.5.3. Barrier Gate Openers
- 8.5.4. Overhead Gate Openers
- 8.5.5. Vertical Lift Gate Openers
- 8.5.6. Bi-folding Gate Openers
- 8.5.7. Others
- 8.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
- 8.6.1. Electric Powered
- 8.6.2. Solar Powered
- 8.6.3. Battery Powered
- 8.6.4. Others
- 8.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
- 8.7.1. Residential
- 8.7.2. Transportation Hubs
- 8.7.3. Military
- 8.7.4. Industries
- 8.7.5. Retail
- 8.7.6. Others
- 8.8. Market Attractiveness Analysis
9. South Asia & Oceania Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 9.3.1. By Country
- 9.3.2. By Service Type
- 9.3.3. By Service Model
- 9.3.4. By Deployment
- 9.3.5. By Organization Size
- 9.3.6. By Vertical
- 9.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
- 9.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
- 9.5.1. Automatic Swinging Gates
- 9.5.2. Swing Gate Openers
- 9.5.3. Barrier Gate Openers
- 9.5.4. Overhead Gate Openers
- 9.5.5. Vertical Lift Gate Openers
- 9.5.6. Bi-folding Gate Openers
- 9.5.7. Others
- 9.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
- 9.6.1. Electric Powered
- 9.6.2. Solar Powered
- 9.6.3. Battery Powered
- 9.6.4. Others
- 9.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
- 9.7.1. Residential
- 9.7.2. Transportation Hubs
- 9.7.3. Military
- 9.7.4. Industries
- 9.7.5. Retail
- 9.7.6. Others
- 9.8. Market Attractiveness Analysis
10. Latin America Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 10.3.1. By Country
- 10.3.2. By Service Type
- 10.3.3. By Service Model
- 10.3.4. By Deployment
- 10.3.5. By Organization Size
- 10.3.6. By Vertical
- 10.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
- 10.4.1. Automatic Swinging Gates
- 10.4.2. Swing Gate Openers
- 10.4.3. Barrier Gate Openers
- 10.4.4. Overhead Gate Openers
- 10.4.5. Vertical Lift Gate Openers
- 10.4.6. Bi-folding Gate Openers
- 10.4.7. Others
- 10.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
- 10.5.1. Electric Powered
- 10.5.2. Solar Powered
- 10.5.3. Battery Powered
- 10.5.4. Others
- 10.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
- 10.6.1. Residential
- 10.6.2. Transportation Hubs
- 10.6.3. Military
- 10.6.4. Industries
- 10.6.5. Retail
- 10.6.6. Others
- 10.7. Market Attractiveness Analysis
11. Middle East & Africa Serverless Computing Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 11.3.1. By Country
- 11.3.2. By Service Type
- 11.3.3. By Service Model
- 11.3.4. By Deployment
- 11.3.5. By Organization Size
- 11.3.6. By Vertical
- 11.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 11.4.1. GCC Countries
- 11.4.2. Egypt
- 11.4.3. South Africa
- 11.4.4. Northern Africa
- 11.4.5. Rest of Middle East & Africa
- 11.5. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Type, 2024 - 2031
- 11.5.1. Automatic Swinging Gates
- 11.5.2. Swing Gate Openers
- 11.5.3. Barrier Gate Openers
- 11.5.4. Overhead Gate Openers
- 11.5.5. Vertical Lift Gate Openers
- 11.5.6. Bi-folding Gate Openers
- 11.5.7. Others
- 11.6. Current Market Size (US$ Bn ) Analysis and Forecast, By Service Model, 2024 - 2031
- 11.6.1. Electric Powered
- 11.6.2. Solar Powered
- 11.6.3. Battery Powered
- 11.6.4. Others
- 11.7. Current Market Size (US$ Bn ) Analysis and Forecast, By Deployment, 2024 - 2031
- 11.7.1. Residential
- 11.7.2. Transportation Hubs
- 11.7.3. Military
- 11.7.4. Industries
- 11.7.5. Retail
- 11.7.6. Others
- 11.8. Market Attractiveness Analysis
12. Competition Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Company
- 12.2.2. Competition Dashboard
- 12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. OVHcloud
- 12.3.1.1. Overview
- 12.3.1.2. Segments and Products
- 12.3.1.3. Key Financials
- 12.3.1.4. Market Developments
- 12.3.1.5. Market Strategy
- 12.3.2. Hetzner
- 12.3.3. Linode
- 12.3.4. Yandex Cloud
- 12.3.5. Huawei Cloud
- 12.3.6. UCloud
- 12.3.7. Baidu Cloud
- 12.3.8. Kingsoft Cloud
- 12.3.9. OVHcloud
- 12.3.10. UpCloud
- 12.3.11. Zoho
- 12.3.12. Hostinger
- 12.3.13. Kinsta
- 12.3.14. Render
- 12.3.15. Fly.io
- 12.3.16. Tigera
- 12.3.17. Wasabi
- 12.3.18. MinIO
- 12.3.1. OVHcloud
13. Appendix
- 13.1. Research Methodology
- 13.2. Research Assumptions
- 13.3. Acronyms and Abbreviations
