Product Code: ETC13171973 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Serverless Computing Market was valued at USD 10.4 Billion in 2024 and is expected to reach USD 36.8 Billion by 2031, growing at a compound annual growth rate of 7.10% during the forecast period (2025-2031).
The Global Serverless Computing Market is experiencing significant growth driven by increasing adoption of cloud services, demand for cost-effective solutions, and the rise of digital transformation initiatives among enterprises. Serverless computing offers benefits such as scalability, reduced operational costs, and simplified development processes, making it attractive for businesses looking to optimize their IT infrastructure. Key players in the market include AWS Lambda, Microsoft Azure Functions, Google Cloud Functions, and IBM Cloud Functions. The market is expected to continue expanding with the proliferation of IoT devices, increasing data generation, and the need for agile and efficient computing solutions. North America currently dominates the market, but regions such as Asia Pacific are witnessing rapid adoption of serverless computing technologies, presenting opportunities for further growth and innovation in the industry.
The Global Serverless Computing Market is experiencing significant growth driven by the increasing adoption of cloud-based technologies. Organizations are increasingly leveraging serverless computing to optimize resource utilization, improve scalability, and reduce operational costs. Key trends in the market include the rising demand for event-driven architecture, the integration of artificial intelligence and machine learning capabilities, and the expansion of serverless platforms to support a wider range of programming languages. Opportunities in the market lie in industries such as healthcare, finance, and e-commerce where the need for agile and cost-effective solutions is high. Additionally, the growing focus on edge computing and IoT applications presents new avenues for serverless computing providers to offer innovative solutions tailored to these emerging technologies.
The Global Serverless Computing Market faces several challenges, including concerns around security and compliance due to the distributed nature of serverless architectures. Organizations may also struggle with vendor lock-in, as switching between serverless providers can be complex and costly. Additionally, managing the performance and monitoring of serverless functions can be challenging, as traditional monitoring tools may not be optimized for these dynamic environments. Furthermore, there is a lack of standardization in serverless technologies, leading to compatibility issues between different platforms. Addressing these challenges will be crucial for the continued growth and adoption of serverless computing in the global market.
The Global Serverless Computing Market is primarily driven by the increasing adoption of cloud computing services, the growing trend of digital transformation among businesses, and the need for cost-effective and scalable IT infrastructure solutions. Organizations are turning to serverless computing to reduce operational costs, improve application performance, and streamline development processes. The flexibility and scalability offered by serverless computing models are also driving market growth, allowing companies to dynamically allocate resources based on demand. Additionally, the rise of IoT devices and the proliferation of data-driven applications are further fueling the demand for serverless computing solutions to support real-time data processing and analytics.
Government policies related to the Global Serverless Computing Market vary by country. In the United States, the government has been supportive of promoting cloud computing technologies, including serverless computing, through initiatives such as the Federal Risk and Authorization Management Program (FedRAMP) for cloud service providers. Additionally, the government has introduced tax incentives and grants to encourage businesses to adopt cloud-based technologies, which includes serverless computing. In the European Union, data protection regulations such as the General Data Protection Regulation (GDPR) impact how serverless computing services can be used and stored. Governments in emerging markets such as India and China are also increasingly focusing on promoting cloud computing technologies, which is expected to positively impact the serverless computing market in those regions.
The Global Serverless Computing Market is expected to witness significant growth in the coming years due to the increasing demand for cost-effective and scalable cloud computing solutions. Factors such as the rise of IoT applications, digital transformation initiatives, and the need for agile development processes are driving the adoption of serverless computing. Additionally, the market is benefiting from advancements in technology, such as edge computing and artificial intelligence, which further enhance the capabilities and efficiency of serverless platforms. With more organizations recognizing the benefits of serverless architecture in reducing operational costs, improving time-to-market, and enhancing overall productivity, the market is poised for continued expansion and innovation in the foreseeable future.
In the global serverless computing market, North America currently holds the largest market share due to the presence of key market players, high adoption of cloud technologies, and strong investment in research and development. Asia Pacific is projected to witness significant growth driven by the increasing adoption of digital transformation initiatives and the growing number of startups leveraging serverless computing for cost-effectiveness. Europe is also a key region in the market, with countries like the UK, Germany, and France leading in adoption of serverless technologies. In the Middle East and Africa, the market is expected to grow steadily as businesses focus on modernizing their IT infrastructure. Latin America is showing promise in the serverless computing market with the rise in cloud adoption and digital initiatives among enterprises in the region.
Global Serverless Computing Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Serverless Computing Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Serverless Computing Market Revenues & Volume, 2021 & 2031F |
3.3 Global Serverless Computing Market - Industry Life Cycle |
3.4 Global Serverless Computing Market - Porter's Five Forces |
3.5 Global Serverless Computing Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Serverless Computing Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.7 Global Serverless Computing Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Global Serverless Computing Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Global Serverless Computing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Serverless Computing Market Trends |
6 Global Serverless Computing Market, 2021 - 2031 |
6.1 Global Serverless Computing Market, Revenues & Volume, By Service, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Serverless Computing Market, Revenues & Volume, By Professional, 2021 - 2031 |
6.1.3 Global Serverless Computing Market, Revenues & Volume, By Managed, 2021 - 2031 |
6.2 Global Serverless Computing Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Serverless Computing Market, Revenues & Volume, By Hybrid, 2021 - 2031 |
6.2.3 Global Serverless Computing Market, Revenues & Volume, By Multi-Cloud, 2021 - 2031 |
6.3 Global Serverless Computing Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Serverless Computing Market, Revenues & Volume, By IT & Telecommunication, 2021 - 2031 |
6.3.3 Global Serverless Computing Market, Revenues & Volume, By BFSI, 2021 - 2031 |
6.3.4 Global Serverless Computing Market, Revenues & Volume, By Retail, 2021 - 2031 |
6.3.5 Global Serverless Computing Market, Revenues & Volume, By Government, 2021 - 2031 |
6.3.6 Global Serverless Computing Market, Revenues & Volume, By Industrial, 2021 - 2031 |
7 North America Serverless Computing Market, Overview & Analysis |
7.1 North America Serverless Computing Market Revenues & Volume, 2021 - 2031 |
7.2 North America Serverless Computing Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Serverless Computing Market, Revenues & Volume, By Service, 2021 - 2031 |
7.4 North America Serverless Computing Market, Revenues & Volume, By Type, 2021 - 2031 |
7.5 North America Serverless Computing Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
8 Latin America (LATAM) Serverless Computing Market, Overview & Analysis |
8.1 Latin America (LATAM) Serverless Computing Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Serverless Computing Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Serverless Computing Market, Revenues & Volume, By Service, 2021 - 2031 |
8.4 Latin America (LATAM) Serverless Computing Market, Revenues & Volume, By Type, 2021 - 2031 |
8.5 Latin America (LATAM) Serverless Computing Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
9 Asia Serverless Computing Market, Overview & Analysis |
9.1 Asia Serverless Computing Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Serverless Computing Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Serverless Computing Market, Revenues & Volume, By Service, 2021 - 2031 |
9.4 Asia Serverless Computing Market, Revenues & Volume, By Type, 2021 - 2031 |
9.5 Asia Serverless Computing Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
10 Africa Serverless Computing Market, Overview & Analysis |
10.1 Africa Serverless Computing Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Serverless Computing Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Serverless Computing Market, Revenues & Volume, By Service, 2021 - 2031 |
10.4 Africa Serverless Computing Market, Revenues & Volume, By Type, 2021 - 2031 |
10.5 Africa Serverless Computing Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
11 Europe Serverless Computing Market, Overview & Analysis |
11.1 Europe Serverless Computing Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Serverless Computing Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Serverless Computing Market, Revenues & Volume, By Service, 2021 - 2031 |
11.4 Europe Serverless Computing Market, Revenues & Volume, By Type, 2021 - 2031 |
11.5 Europe Serverless Computing Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
12 Middle East Serverless Computing Market, Overview & Analysis |
12.1 Middle East Serverless Computing Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Serverless Computing Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Serverless Computing Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Serverless Computing Market, Revenues & Volume, By Service, 2021 - 2031 |
12.4 Middle East Serverless Computing Market, Revenues & Volume, By Type, 2021 - 2031 |
12.5 Middle East Serverless Computing Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
13 Global Serverless Computing Market Key Performance Indicators |
14 Global Serverless Computing Market - Export/Import By Countries Assessment |
15 Global Serverless Computing Market - Opportunity Assessment |
15.1 Global Serverless Computing Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Serverless Computing Market Opportunity Assessment, By Service, 2021 & 2031F |
15.3 Global Serverless Computing Market Opportunity Assessment, By Type, 2021 & 2031F |
15.4 Global Serverless Computing Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
16 Global Serverless Computing Market - Competitive Landscape |
16.1 Global Serverless Computing Market Revenue Share, By Companies, 2024 |
16.2 Global Serverless Computing Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |