Serverless Architecture Market size is expected to cross USD 193.42 Billion by the end of 2035, growing at a CAGR of 25.70% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of serverless architecture was over USD 12.43 Billion.The growth of the market can be attributed to the growth in demand for e-commerce, which is further boosting building of e-commerce website. Globally, there are between about 11 million and approximately 23 million e-commerce sites, and new ones are being launched every single day. Hence, the demand for serverless architecture is growing. Web applications including e-commerce sites, content management systems, and social media platforms are frequently built using serverless architectures. Web applications may scale automatically in response to changes in demand thanks to serverless computing, which frees developers from server management duties and allows them to concentrate on building code.
Moreover, since developers may concentrate on writing code rather than maintaining infrastructure, serverless architecture offers faster application development and deployment. Launched in 2008, the iOS App Store had about 499 apps available. Today, nearly 6 million apps are accessible on the iOS and Android platforms, covering every app and game genre and specialty. Serverless architectures are also popular for IoT and mobile apps that need quick data processing and response times. Mobile and Internet of Things (IoT) applications could provide users with quicker and more dependable user experiences by leveraging serverless functionalities to process data at the edge of the network.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~25.70% |
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Base Year Market Size (2022) |
~ USD 12.43 Billion |
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Forecast Year Market Size (2035) |
~ USD 193.42 Billion |
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Regional Scope |
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Organization (Large Enterprises, SMEs)
The serverless architecture market is segmented and analyzed for demand and supply by organization size into large enterprise, and SMEs. Out of which, the large enterprise segment is anticipated to garner the highest revenue by the end of 2035. The growth of the market can be attributed to growing number of large enterprises. In 2021, there were predicted to be about 351,519 large enterprises with 250 or more employees worldwide, up from approximately 337,520 in 2020. Hence, the adoption of serverless architecture is growing. Large businesses are capable of handling unforeseen, abrupt spikes in traffic or demand via serverless architecture. Serverless architecture ensures that applications could handle any level of traffic without the need for manual intervention by automatically scaling up or down. Moreover, large businesses that might have to cope with the high costs of owning and maintaining their own servers and data centers may find that serverless architecture is a cost-effective alternative. Instead of needing to maintain a predetermined amount of capacity, serverless architecture allows businesses to simply pay for the computer resources they really utilize.
Deployment Model (Public Cloud, Private Cloud)
The global serverless architecture market is also segmented and analyzed for demand and supply by deployment model into public cloud, and private cloud. Amongst which, the public cloud is estimated to have the significant growth over the forecast period. As a result of their scalability, availability, and affordability, public clouds including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) are frequently chosen for serverless architecture. Public clouds may provide on-demand access to a variety of serverless services and resources, which could be quickly and simply scaled up or down to suit changing demand. In addition to its pay-as-you-go pricing options, which allow businesses to only pay for the resources they use, public cloud is also cost-effective for serverless architecture. Advanced technologies including machine learning, artificial intelligence, and big data analytics are readily available through public cloud providers and may be incorporated into serverless applications. These technologies could be also provided by private cloud. However, a private cloud might not provide the same level of scalability and flexibility as a public cloud and may cost more to set up and maintain. Since public cloud companies have more money to devote to R&D, private cloud providers might not provide the same level of access to cutting-edge technologies. Hence, the demand for public cloud is more in serverless architecture.
Our in-depth analysis of the global market includes the following segments:
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By Deployment Model |
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By Application |
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By Organization Size |
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By Industry Vertical |
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North American Market Forecast
The serverless architecture market in North America, amongst the market in all the other regions, is projected to have the highest growth, backed by availability of advanced cloud infrastructure, along with growing deployment of cloud by small businesses. Approximately 43% of conventional small firms use cloud hosting or infrastructure. This contrasts with about 73% of corporations and approximately 65% of small tech companies in US. Major cloud service providers with a significant presence in North America, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform, give businesses access to a variety of serverless services and resources. As a result of this, implementing serverless architecture and reaping its benefits has become simpler for businesses in North America. Moreover, the high emphasis on innovation and technology is another element boosting the market in the region. Many businesses in North America are at the cutting edge of innovation and are constantly looking for ways to enhance their processes and beat out the competition. A flexible and scalable way to create and deploy applications, serverless architecture is a desirable alternative for businesses wishing to update their IT infrastructure. Therefore, all these factors are anticipated to expand the growth of the market in the region.
APAC Market Statistics
The Asia Pacific serverless architecture market is estimated to be the second largest, to have the highest growth. In recent years, there has been a noticeable surge in the popularity of the cloud throughout the region, with many organizations moving their IT infrastructure there. Given the need to build and deploy applications fast and effectively, serverless architecture has experienced a significant increase in demand. Moreover, large and diverse companies as well as small and medium-sized firms make up the consumer base in the Asia Pacific region. In a variety of sectors, including manufacturing, retail, healthcare, and more, this results in a significant need for serverless architecture.
Europe Market Forecast
Additionally, the serverless architecture market in Europe region is also estimated to have significant growth over the forecast period. European businesses are paying more attention to data security and privacy, and serverless architecture may assist them comply. Additionally, the market is growing in Europe owing to the legal climate there. The region has recently implemented more stringent data privacy laws, which has increased demand for cloud services that could assist businesses in meeting these standards. Moreover, the availability of a competent workforce is another element boosting the serverless architecture industry in Europe. The technical workforce in Europe is sizable and highly educated, making it well-suited to assist the creation and application of serverless architectures.
Author Credits: Abhishek Verma, Hetal Singh
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