Serverless Architecture Market Set To Reach USD 78.12 Billion By 2032, Driven By Rapid Growth And Innovation

(MENAFN- EIN Presswire) The Serverless Architecture market is expanding rapidly, fueled by innovation and growing demand for scalable, cost-effective cloud solutions.

AUSTIN, TX, UNITED STATES, February 6, 2025 /EINPresswire / -- Serverless Architecture Market was valued at USD 10.21 billion in 2023 and is expected to reach USD 78.12 billion by 2032, growing at a CAGR of 25.42% from 2024-2032. The Serverless Architecture Market is growing rapidly as businesses look for scalable, cost-effective IT solutions. Spending by IT services will reach USD 1.6 trillion in 2024, representing even greater investments in cloud technologies. Serverless models offer companies the flexibility to focus on development while infrastructure is managed by cloud providers. It makes attractive industries such as e-commerce, fintech, and healthcare, which increasingly demand faster innovation at reduced operational costs.

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Keyplayers:
Alibaba Group (Alibaba Cloud Function Compute, Alibaba Cloud API Gateway)
Cloudflare, Inc. (Cloudflare Workers, Cloudflare Pages)
Google (Google Cloud Functions, Google Cloud Run)
IBM Corporation (IBM Cloud Functions, IBM Cloud Foundry)
Microsoft (Azure Functions, Azure Logic Apps)
NTT DATA Group Corporation (NTT Smart Data Platform, NTT Cloud Functions)
Oracle (Oracle Functions, Oracle API Gateway)
TIBCO Software (Cloud Software Group, Inc.) (TIBCO Cloud Integration, TIBCO Cloud Mashery)
Amazon Web Services (AWS Lambda, Amazon API Gateway)
Rackspace Inc (Rackspace Serverless, Rackspace Cloud)
Salesforce, Inc. (Salesforce Functions, Salesforce Heroku)
Platform9 Systems, Inc. (Platform9 Serverless Kubernetes, Platform9 Cloud Managed Kubernetes)
OpenStack Foundation (OpenStack Functions, OpenStack Heat)
PubNub, Inc. (PubNub Functions, PubNub Real-time Messaging)
Spotinst Ltd. (Spotinst Functions, Spotinst Kubernetes)
5 Networks, Inc. (5G Serverless, 5G Edge Functions)
DigitalOcean, Inc. (DigitalOcean Functions, DigitalOcean App Platform)
Kong Inc. (Kong Gateway, Kong Enterprise)
Back4App (Back4App Functions, Back4App Serverless)
Netlify, Inc. (Netlify Functions, Netlify Edge Functions)
Vercel Inc. (Vercel Functions, Vercel Edge Functions)
Cisco Systems, Inc. (Cisco Cloud Functions, Cisco API Management)
VMware, Inc. (VMware Tanzu Application Service, VMware Cloud Functions)

By Vertical, Dominance of IT & Telecom and Rapid Growth in Healthcare
In 2023, the Serverless Architecture Market was dominated by the IT and Telecom sector, which accounted for about 26% of all revenue. The reason for this is that this industry requires scalable, cost-effective solutions to deal with large amounts of data, speed up the development of applications, and maximize resources.

the Healthcare segment is expected to experience the fastest growth, with a projected CAGR of 29.07% from 2024 to 2032, driven by requirements for cloud-based healthcare solutions, scalable infrastructure management of patient data, and further support from Serverless technology regarding agility, safety of data, and regulatory compliance.

By Services, Automation & Integration Leads, with Security Set for Rapid Growth
In 2023, the Automation & Integration segment dominated the Serverless Architecture Market, holding around 25% of total revenue. This leadership is due to the rising demand for automated processes and the seamless integration of services across cloud platforms.
Security segment is expected to grow at the fastest CAGR of 29.49% from 2024 to 2032. As organizations shift increasingly to serverless environments, the demand for secure security to ensure sensitive data and adhere to compliance has been increasing.

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North America Leads the Serverless Architecture Market, Asia Pacific Set for Rapid Growth
North America has the largest market share of Serverless Architecture in 2023, with an approximate share of 40% of total revenue. The regional dominance is owed to its sophisticated technological infrastructure and early adoption of cloud services; it also accommodates some of the world's leading cloud providers, including AWS, Microsoft Azure, and Google Cloud.
The Asia Pacific market is expected to grow at the fastest CAGR of 28.41% from 2024 to 2032. A rapidly increasing digital transformation initiative across several countries such as China, India, and Japan, as well as cloud adoption for scalable offerings and reducing associated costs, leads to expansion here.

Recent News
In January 2024, Alibaba Cloud launched a serverless solution that cuts inference costs by 50%, improving access to generative AI services.
In November 2024, Fauna and Cloudflare teamed up to optimize serverless development, combining Fauna's database with Cloudflare's edge network for faster, scalable deployments.

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