Serverless Architecture Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Serverless Architecture Market size accounted for USD 47.87 Billion in 2028, growing at a CAGR of 23.26% from 2021 to 2028. The Serverless Architecture market refers to the adoption and implementation of a cloud computing model where businesses develop and run applications without managing the underlying server infrastructure. In this approach, cloud providers automatically handle the allocation and scaling of resources based on actual usage, allowing organizations to focus solely on writing code. This model is gaining traction due to its cost-effectiveness, scalability, and the ability to reduce operational complexity. Key players in the Serverless Architecture market include AWS Lambda, Azure Functions, and Google Cloud Functions. The market is driven by the increasing demand for agile and efficient application development and deployment.
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The Serverless Architecture market is primarily driven by the need for simplified and cost-effective application development and deployment. Organizations are adopting serverless solutions to eliminate the burden of managing infrastructure, reduce operational complexities, and scale applications seamlessly based on demand. The growing emphasis on agility, coupled with the benefits of reduced time-to-market and lower infrastructure costs, is fueling the rapid growth of the Serverless Architecture market.
Key Players
Some of the major Serverless Architecture Market players holding high market shares include Alibaba Group, Amazon Web Services, Google LLC, IBM Corporation, Microsoft Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Oracle Corporation, Platform9 Systems, Inc., Rackspace Inc., Tibco Software and Twilio
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Segmental Analysis
Based on Organization Size, the Serverless Architecture market is segmented into Large Enterprises and SMEs
Based on Deployment Model, the Serverless Architecture market is segmented into Private Cloud and Public Cloud
Based on Application, the Serverless Architecture market is segmented into Real-time file/stream processing, Web Application Development, IoT Backend and Others.
Based on Industry Vertical, the Serverless Architecture market is segmented into BFSI, IT & telecom, Healthcare, Manufacturing, Media & Entertainment and Others
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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