Home > Media & Technology > Information Technology > Tech Infrastructure > Serverless Architecture Market

Serverless Architecture Market Share

Report ID: GMI3796
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Serverless Architecture Market Share

Leading entities in the serverless architecture industry are implementing a comprehensive strategy to secure a competitive advantage and stimulate growth. They are making substantial investments in the development of advanced serverless platforms and enhancing their cloud infrastructure to support high-performance applications. By establishing strategic partnerships with technology providers, they are integrating cutting-edge tools and frameworks, thereby expanding their service offerings.

Additionally, these companies are optimizing their platforms for cost-efficiency and scalability to meet diverse client needs. They are also actively engaging in market education and providing robust support to accelerate adoption among enterprises. Furthermore, these entities are continuously enhancing security features to address increasing concerns about data privacy and compliance.

Serverless Architecture Market Companies

Major players operating in the serverless architecture industry are:

Amazon Web Services (AWS)
Microsoft Azure
Google Cloud Platform (GCP)
IBM Cloud
Oracle Cloud

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of serverless architecture reached USD 12.08 billion in 2023 and is set to register over 20% CAGR from 2024 to 2032, due to enabling companies to cut operational costs by removing the necessity to manage and provision servers.

Serverless architecture industry from the public cloud segment is expected to reach over USD 28.6 billion by 2032, owing to its extensive scalability, cost-efficiency, and ease of access.

North America market held over 32% share in 2023, attributed to the presence of major cloud service providers and technological innovators such as AWS, Google Cloud, and Microsoft Azure in the region.

Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), IBM Cloud, and Oracle Cloud, are some of the major serverless architecture companies worldwide.