Serverless Architecture Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Serverless Architecture Market, valued at USD 12.08 billion in 2023, is projected to witness a robust CAGR of over 20% from 2024 to 2032. By eliminating the need for companies to manage and provision servers, serverless architecture significantly reduces operational costs. The National Institute of Standards and Technology (NIST) highlights that this pay-as-you-go model charges users based on actual resource consumption rather than pre-allocated capacity.

The overall Serverless Architecture Market is sorted based on Service Type, Deployment Mode, Organization Size, Component, Industry Vertical, and Region.

The market, segmented by deployment mode, includes public cloud, private cloud, and hybrid cloud, with the public cloud anticipated to surpass USD 28.6 billion by 2032. Dominating the serverless architecture landscape, the public cloud's appeal lies in its scalability, cost-efficiency, and accessibility. Leading providers like IBM Cloud, Microsoft Azure, and Google Cloud offer robust platforms, allowing businesses to manage applications without dedicated infrastructure. Global data center investments enhance this segment's reliability, while the pay-as-you-go model and workload management capabilities attract startups and enterprises aiming to optimize costs and performance.

The market, segmented by industry verticals, includes IT and telecom, healthcare, retail and e-commerce, Banking Financial Services and Insurance (BFSI), government, education, and more. The healthcare segment, growing at a CAGR of over 23.5% from 2024 to 2032, is the fastest expanding sector. The IT and telecom industry, with its demand for scalability and performance, has embraced serverless architecture. For example, Microsoft Azure's solutions help manage dynamic workloads. The architecture's automatic resource scaling accelerates application deployment and reduces operational overhead. Telecom firms leverage this agility for improved service delivery and network management, ushering innovation in a competitive landscape. The healthcare sector is revolutionizing data management with serverless architecture, crucial for handling sensitive patient information and meeting regulations like HIPAA. Providers are using it for real-time analytics and telemedicine, boosting patient care.

North America, holding a 32% revenue share in 2023, is propelled by cloud giants like AWS, Google Cloud, and Microsoft Azure. The region's robust IT infrastructure and swift cloud technology adoption enable quick serverless solution deployment across sectors like finance and healthcare. North American businesses are turning to serverless architecture for better scalability, cost savings, and faster application development, fueling market growth. North America's leadership in the serverless architecture market is driven by its advanced IT infrastructure and the presence of major cloud service providers. As industries across the region, from finance to retail, rapidly adopt serverless solutions, the market continues to expand.

Product Code: 3796

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Offers cost efficiency
  - 3.8.1.2 Scalability and flexibility
  - 3.8.1.3 Faster time-to-market
  - 3.8.1.4 Improved developer productivity
  - 3.8.1.5 Improve security
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Cold start latency
  - 3.8.2.2 Vendor lock-in
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Service Type, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Function as a service (FaaS)
5.3 Backend as a service (BaaS)

Chapter 6 Market Estimates and Forecast, By Deployment Mode, 2021 - 2032 (USD million)

6.1 Key trends
6.2 Public cloud
6.3 Private cloud
6.4 Hybrid cloud

Chapter 7 Market Estimates and Forecast, By Organization Size, 2021 - 2032 (USD million)

7.1 Key trends
7.2 Small and medium enterprises (SME)
7.3 Large enterprises

Chapter 8 Market Estimates and Forecast, By Component, 2021 - 2032 (USD million)

8.1 Key trends
8.2 Services
- 8.2.1 Professional services
  - 8.2.1.1 Consulting services
  - 8.2.1.2 Training and education
  - 8.2.1.3 Integration and testing services
  - 8.2.1.4 Support and maintenance
- 8.2.2 Managed services
8.3 Platform

Chapter 9 Market Estimates and Forecast, By Industry Vertical, 2021 - 2032 (USD million)

9.1 Key trends
9.2 IT and telecom
9.3 Healthcare
9.4 Retail and e-commerce
9.5 Banking, financial services, and insurance (BFSI)
9.6 Government
9.7 Education
9.8 Others

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Amazon Web Services (AWS)
11.2 Microsoft Azure
11.3 Google Cloud Platform (GCP)
11.4 IBM Cloud
11.5 Oracle Cloud
11.6 Alibaba Cloud
11.7 Red Hat (IBM)
11.8 Salesforce
11.9 Fujitsu
11.10 TIBCO Software
11.11 SAP
11.12 VMware
11.13 DigitalOcean
11.14 Salesforce
11.15 Akamai Technologies
11.16 Netlify
11.17 Cloudflare
11.18 Couchbase
11.19 Postman
11.20 Tencent Cloud
11.21 Deloitte
11.22 Hewlett Packard Enterprise (HPE)