Serverless Computing Services Market 2023 Latest Trends, Developments and Forecast by 2032

The serverless computing services market is expected to register a compound annual growth rate of 23.65% during the forecast period (2023 – 2032).

Serverless computing infrastructure, also known as Function as a Service (FaaS), is a cloud architecture that controls all server operations and maintenance. With the help of cloud-based services like Azure Functions, Google Cloud Functions, and AWS Lambda, developers can focus on the core logic of their applications rather than worrying about maintaining the server infrastructure. The ability of serverless computing architecture to enhance flexibility and scalability makes it popular in the market. The growth of the serverless computing market is expected to be fueled by capabilities that reduce the responsibilities of infrastructure management, operating system maintenance, capacity provisioning, and patching. In contrast to the on-premise serverless computing approach, the cloud-based microservices architecture is expected to gain widespread market acceptance.

Globalism “Serverless computing services marketThe research report gives detailed information with reference to market size, share, trends, growth, cost revenue, capacity, and forecast till 2029. This report also contains the general and in-depth study of the Serverless Computing Services market with all its aspects influencing the growth of the market. Purpose The market survey report is to make a comprehensive assessment of the current market scenario and get a review about the serverless computing services market and its business potential.As a result of the Russian-Ukrainian war and COVID-19, the global economy will recover, and it will generate a lot of revenue till 2029.

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Major players mentioned in Serverless Computing Services Market Research Report:

Huawei, AWS, Joyent, Google, IBM Cloud, Salesforce, Dell Boomi, Microsoft, and Alibaba

Industry news and updates:

June 2021Alibaba Cloud, an initiative that aims to invest an initial $1 billion in funding and resources to empower 100,000 developers and foster the growth of 100,000 technology startups in the Asia-Pacific region over the next three years.

March 2021, Alibaba Cloud launches its first personal cloud product, challenging Baidu and Tencent. China’s personal cloud services market, which had 404 million users last year, continues to grow amid rapid uptake of online services by consumers, and the service, by Alibaba Cloud, provides users with up to 2TB of free storage and upload “un Limited” and download speeds.

Main market trends:

The digital age has accelerated the pace of change and development of new products, services and business models. Companies face pressure to release new features and products that meet the growing expectations of customers. A serverless architecture offers significant advantages to small and medium businesses, in terms of flexibility and reducing the overall cost of infrastructure.

There have been significant innovations in the field of information technology in the enterprise, which have enabled faster business, improved flexibility, and thus increased cost-effectiveness. In such scenarios, serverless computing has emerged as a vital component for deploying cloud services and applications across the ever-changing business environment.

Moreover, the growth of microservices and serverless computing is fundamentally changing DevOps by blurring the line between development and operations, as organizations are expected to rapidly expand offering enhanced features through their product and service offerings, thereby improving their business values.

On the basis of types:-

Amazon platform

Google platform

Microsoft platform


On the basis of the application:-


Small businesses

Medium companies

big companies

The regions are also divided into:

– North America (United States, Mexico and Canada)
– Europe (Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg)
– Asia Pacific (China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand and Singapore)
– South America (Brazil, Argentina, Peru, Chile)
– Middle East and Africa (Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa)

Impact of the Russia-Ukraine War 2023: The economic sanctions imposed by the US and its allies against the Russian Federation negatively affected the market.

The economic sanctions imposed by the United States and its allies against the Russian Federation are expected to affect the growth of this market. Moreover, the war adversely affected global industries leading to disruption in the flow of imports and exports. The dominance of Russia and Roscosmos, a quasi-civilian space agency in commercial space, has affected alternative launch providers in India, Japan, Europe and the United States. These factors negatively affected the market during the war.”

Influence of the Serverless Computing Services Market Report:

– Comprehensive assessment of all opportunities and risks in the Serverless Computing Services market.
– Serverless computing services market recent innovations and major events.
– Detailed study of business strategies for the growth of the serverless computing services market-leading players.
– Conclusive study about the growth plot of Serverless Computing Services Market for forthcoming years.
– An in-depth understanding of the Serverless Computing Services market-specific drivers, restraints, and key micro-industries.
– Favorable impression inside vital technological and market latest trends striking the Serverless Computing Services market.

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The main takeaway from Serverless computing services report

Evaluate market potential by analyzing growth rates (% CAGR), volume (units) and value ($Mn) provided at the country level – for product types, end-use applications, and different market segments

─ Understand the various dynamics affecting the serverless computing services market – key driving factors, challenges, and hidden opportunities.

─ Get in-depth insights on your competitors performance – Serverless Computing Services market shares, strategies, financial benchmarks, product evaluation, SWOT and more

─ Analyze sales and distribution channels across key geographies to optimize top line revenue.

─ Understand your market supply chain with a deep dive into maximizing value at every step, in order to improve value and drive efficiencies in your operations.

─ Get a quick look at the market entropy – mergers, acquisitions, deals, partnerships and product launches of all major players over the past 4 years.

Assess supply and demand gaps, import and export statistics, and regulatory landscape for more than 20 countries globally for serverless computing services.

The survey covers historical data from 2018 to 2023 and forecasts through 2029, making it an invaluable tool for business, marketing and sales leaders, product managers, consultants, analysts and stakeholders looking for key market data in easily accessible documents with logically laid out tables and charts.

We provide customization based on the report based on the client’s specific requirements:

– Free country level analysis for any 5 countries of your choice.

– Free competitive analysis of any 5 major players in the market.

– 40 hours of free analysis to cover any other data point.

15% free customization equals 60 analyst hours.

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