IMARC Group has recently released a new research study titled “Serverless Architecture Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027“, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What is the current size of the serverless architecture market?
What is Serverless Architecture?
Serverless architecture is a software design technique that allows developers to create and perform services without operating the underlying infrastructure. It involves various functions, such as monitoring, API management, security, analytics, automation and integration, etc. Serverless architecture also assists in writing and deploying codes, while a cloud provider conditions servers to execute the databases, applications, and storage systems. It minimizes the cost of DevOps and enables developers to design and enhance their apps without being limited by server capacity. As a result, serverless architecture finds widespread applications across several sectors, including healthcare, manufacturing, information technology (IT), telecommunications, media and entertainment, retail, e-commerce, etc.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major drivers for the serverless architecture market?
The escalating utilization of cloud-based applications for storing, accessing, and retrieving files from web-enabled interfaces is primarily driving the serverless architecture market. Besides this, the rising awareness towards the benefits of streamlining operations, such as improved productivity and communication, raised cost efficiency, better time management, and reduced risk, is further augmenting the market growth.
Moreover, the growing popularity of serverless architecture among various organizations to eliminate traditional and time-consuming approaches, including installing, configuring, purchasing new hardware components, and troubleshooting, is also catalyzing the global market. Apart from this, the development of innovative apps that provide information, services, and processes in real-time and the increasing digital-centric business models across countries are expected to bolster the serverless architecture market in the coming years.
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Serverless Architecture Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 9.02 Billion |
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Market forecast in 2027 |
US$ 25.65 Billion |
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Growth Rate |
CAGR of 18.20% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Service Type, Deployment Model, Organization Size, Industry Vertical and Region |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Service Type:
• Automation and Integration
• Monitoring
• API Management
• Security
• Analytics
• Design and Consulting
• Others
Breakup by Deployment Model:
• Public Cloud
• Private Cloud
Breakup by Organization Size:
• Small and Medium-sized Enterprises
• Large Enterprises
Breakup by Industry Vertical:
• BFSI
• IT and Telecom
• Healthcare
• Manufacturing
• Media and Entertainment
• Public Sector
• Retail and E-Commerce
• Others
By Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
- Amazon Web Services Inc. (Amazon.com Inc.)
- Broadcom Inc.
- Cloudflare Inc.
- Google LLC (Alphabet Inc.)
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- Platform9 Systems Inc.
- Serverless Inc.
- Tibco Software Inc.
- Twilio Inc.
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