PUBLISHER: The Business Research Company | PRODUCT CODE: 1760264
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760264
Serverless computing platforms are cloud-based services that enable developers to build and run applications without having to manage servers or infrastructure. These platforms automatically scale applications based on demand, optimizing resource usage and reducing operational complexity. Serverless computing platforms operate on a pay-as-you-go pricing model, where users are billed only for the compute resources they consume, rather than paying for idle server time.
The main deployment types for serverless computing platforms are private cloud and public cloud. A private cloud refers to a cloud computing environment exclusively used by a single organization, providing greater control over data, security, and customization. The types of equipment used include manual follow systems and electronic follow focus systems. Enterprises are categorized into large enterprises and small to medium-sized enterprises (SMEs). The range of consumer and hobbyist users includes amateur videographers, content creators, influencers, and photography enthusiasts. Industry verticals that use serverless computing platforms include banking, financial services, and insurance (BFSI), information technology and telecom, retail, manufacturing, media and entertainment, healthcare, and other sectors.
The serverless computing platforms market research report is one of a series of new reports from The Business Research Company that provides serverless computing platforms market statistics, including serverless computing platforms industry global market size, regional shares, competitors with a serverless computing platforms market share, detailed serverless computing platforms market segments, market trends and opportunities, and any further data you may need to thrive in the serverless computing platforms industry. This serverless computing platforms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The serverless computing platforms market size has grown exponentially in recent years. It will grow from $11.32 billion in 2024 to $13.67 billion in 2025 at a compound annual growth rate (CAGR) of 20.7%. The growth during the historic period can be attributed to the increasing cost efficiency of cloud infrastructure, the rise in DevOps adoption, the growing need for scalable computing solutions, the expansion of mobile and web apps, and the reduction in operational complexity.
The serverless computing platforms market size is expected to see exponential growth in the next few years. It will grow to $28.67 billion in 2029 at a compound annual growth rate (CAGR) of 20.4%. The projected growth in the forecast period can be attributed to the rising adoption of microservices architecture, growing demand for real-time data processing, the expansion of edge computing, a surge in digital transformation initiatives, and the increasing need for agile application development. Key trends expected during this period include advancements in container-based serverless platforms, innovation in event-driven architectures, the development of hybrid serverless solutions, research on function orchestration, and progress in platform automation.
The increasing adoption of hybrid work environments is expected to drive the growth of the serverless computing platforms market in the future. Hybrid work settings refer to flexible work arrangements where employees either work fully remotely or split their time between remote and on-site offices, relying on digital tools and connectivity to maintain productivity and collaboration. The demand for hybrid work setups is rising as employees seek better work-life balance and flexibility, which allows them to more effectively manage personal and professional responsibilities, leading to higher job satisfaction and increased productivity. Serverless computing platforms support hybrid work settings by providing scalable, maintenance-free infrastructure, making them ideal for dynamic, distributed teams. These platforms reduce operational overhead by enabling the rapid deployment and seamless integration of applications, thereby improving workplace efficiency. For instance, according to a February 2025 report by Robert Half Inc., a US-based management consulting company, hybrid job postings grew from 9% in 2023 to 23% by the end of 2024. Consequently, the rise of hybrid work settings is driving the growth of the serverless computing platforms market.
Major players in the serverless computing platforms market are focusing on technological innovations, such as serverless architecture, to help developers build scalable applications more quickly while reducing infrastructure management and operational costs. Serverless architecture is a cloud computing model that allows developers to build and run applications without having to manage the underlying server infrastructure. For example, in November 2022, Alibaba Cloud, a China-based computer application company, launched ModelScope, an open-source model-as-a-service platform that offers over 300 artificial intelligence (AI) models and new, upgraded serverless architecture database products to support scalable, cost-efficient development. The launch aims to reduce the barriers to AI adoption and cloud innovation by promoting serverless computing and intelligent data analytics.
In February 2022, Netlify, a US-based remote-first cloud computing company, acquired Quirrel for an undisclosed amount. This acquisition allows Netlify to enhance its serverless computing capabilities by integrating Quirrel's scheduling technology, which enables developers to automate tasks such as backups and report generation using scheduled serverless functions. Quirrel Ltd. is a Germany-based open-source company that provides scheduling and job management solutions for serverless computing platforms.
Major players in the serverless computing platforms market are Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Amazon Web Services Inc. (AWS), Tencent Holdings Limited, International Business Machines Corporation (IBM), Oracle Corporation, Salesforce Inc., Twilio Inc., Cloudflare Workers, DigitalOcean Inc., PagerDuty Inc, Vercel Inc., Thoma Bravo LP, Fly.io, Samsung Electronics Co. Ltd., OpenFaaS Ltd., Upstash, Xenon Ventures, Fn Project.
North America was the largest region in the serverless computing platforms market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in serverless computing platforms report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the serverless computing platforms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The serverless computing platforms market consists of revenues earned by entities by providing services such as function-as-a-service (FaaS), backend-as-a-service (BaaS), event-driven computing, automated scaling, and management of server infrastructure, as well as services for monitoring, security, and integration with other cloud resources. The market value includes the value of related goods sold by the service provider or included within the service offering. The serverless computing platforms market also includes sales of cloud-based databases, container orchestration tools, and platform-specific extensions that support serverless architecture and enhance application performance, deployment, and integration. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Serverless Computing Platforms Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on serverless computing platforms market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for serverless computing platforms ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The serverless computing platforms market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.