Serverless Computing Market Global Forecast: Industry Size and Leading Players (2024-2031) - Google LLC, Alibaba Cloud, CA Technologies.

The Serverless Computing Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Serverless Computing market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Serverless Computing Market reached US$ 9.3 Billion in 2023 and is expected to reach US$ 40.9 Billion by 2031, growing with a CAGR of 20.6% during the forecast period 2024-2031.

Serverless computing is a cloud computing model where cloud service providers manage the infrastructure, allowing developers to focus on writing code without worrying about server maintenance. In this model, users only pay for the computing resources they actually use, and the cloud platform automatically handles scalability, load balancing, and provisioning. Serverless computing simplifies the development process, improves cost-efficiency, and is commonly used for microservices, event-driven applications, and real-time data processing. AWS Lambda and Azure Functions are popular examples of serverless computing platforms.

Key Developments:

❁ On May 25, 2022, DigitalOcean, a US-based cloud infrastructure provider, launched Nimbella-based serverless computing with its Functions product. This new offering simplifies the underlying infrastructure tasks, allowing developers to quickly write and deploy code without needing to manage the complexities of Kubernetes and containers. By leveraging serverless computing, DigitalOcean enables businesses to scale applications more efficiently while focusing on code development rather than infrastructure management. This approach enhances the speed and flexibility of app deployment, making it easier for developers to create and innovate without being burdened by the operational overhead typically associated with cloud infrastructure.

List of the Key Players in the Serverless Computing Market:

Google LLC, Alibaba Cloud, CA Technologies, Microsoft Corporation oracle Corporation, Dynatrace, Fiorano Software Inc., Joyent Inc., Modubiz Ltd. and NTT Data Corporation.

Research Process:

Both primary and secondary data sources have been used in the global Serverless Computing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Serverless Computing Market:

By Services: Monitoring Services, API Management Services, Integration Services, Security, Support and maintenance, Others.

By Deployment: Private Cloud, Public Cloud.

By Enterprise Size: Large Enterprises, Small and Medium Enterprises.

By Application: Web and Mobile Applications, IoT (Internet of Things.

By End-User: BFSI, IT and Telecom, Retail, Healthcare, Manufacturing, Media and Entertainment, Others.

Regional Breakout:

The global Serverless Computing Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Serverless Computing Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Serverless Computing Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains chapter wise data, as well as information about the research scope, major manufacturers covered, market segments, Serverless Computing market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Serverless Computing Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Serverless Computing market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Serverless Computing Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently Asked Questions

✹ What is the expected growth rate of the global market for the forecast period?

✹ What are the key driving factors that are responsible to shape the fate of the Serverless Computing market during the forecast period?

✹ What will be the overall size of the market during the analysis period?

✹ What are the prominent market trends which influence the development of the Serverless Computing market across various regions?

✹ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

✹ What are the challenges and threats that are likely to act as a barrier to the growth of the Serverless Computing market?

✹ What are the major opportunities that the companies can get to attain success in the world?

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