Serverless Computing Market

The Global Serverless Computing Market is estimated to be valued at USD 25 Bn in 2025 and is expected to reach USD 54 Bn by 2032, growing at a compound annual growth rate (CAGR) of 13% from 2025 to 2032. The global serverless computing market represents a transformative paradigm in cloud computing architecture, where developers can build and deploy applications without managing underlying server infrastructure.

This revolutionary approach eliminates the need for server provisioning, scaling, and maintenance, allowing organizations to focus exclusively on code development and business logic implementation. Serverless computing operates on an event-driven model where cloud providers automatically handle resource allocation, scaling, and billing based on actual usage rather than pre-allocated capacity.

Market Dynamics

The global serverless computing market is propelled by several compelling drivers that are reshaping enterprise IT strategies and development practices. The primary growth driver stems from increasing demand for cost-effective cloud solutions, as serverless computing eliminates upfront infrastructure investments and provides pay-per-use billing models that significantly reduce operational expenses.

Digital transformation initiatives across industries are accelerating serverless adoption, with organizations seeking agile development methodologies that enable rapid application deployment and seamless scalability. The growing complexity of modern applications and the need for microservices architectures further drive market expansion, as serverless platforms provide ideal environments for building loosely coupled, event-driven systems.

However, the market faces notable restraints including vendor lock-in concerns, as organizations become dependent on specific cloud providers' proprietary serverless platforms and APIs. Performance limitations such as cold start latencies and execution time restrictions pose challenges for certain application types, particularly those requiring consistent low-latency responses or long-running processes. Security and compliance concerns regarding data sovereignty and limited control over underlying infrastructure create hesitation among enterprises in highly regulated industries.

Key Features of the Study

• This report provides in-depth analysis of the global serverless computing market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global serverless computing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Amazon Web Services, Microsoft Corporation, Google Inc, IBM Corporation, Alibaba Cloud, Oracle Corporation, Red Hat Inc, Cloudflare Inc, Tencent, SAP SE, MuleSoft, Netlify Functions, Nimbella, OpenFaaS, and StackPath
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global serverless computing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global serverless computing market

Market Segmentation

• Service Model Insights (Revenue, USD Bn, 2020 - 2032)
• Function-as-a-service (FaaS)
• Backend-as-a-service (BaaS)
• Deployment Mode Insights (Revenue, USD Bn, 2020 - 2032)
• Public Cloud
• Private Cloud
• Hybrid Cloud
• End User Insights (Revenue, USD Bn, 2020 - 2032)
• BFSI
• IT and Telecom
• Healthcare and Life Sciences
• Retail and Consumer Goods
• Government and Defense
• Transportation and Logistics
• Manufacturing
• Others
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• Amazon Web Services
• Microsoft Corporation
• Google Inc
• IBM Corporation
• Alibaba Cloud
• Oracle Corporation
• Red Hat Inc
• Cloudflare Inc
• Tencent
• SAP SE
• MuleSoft
• Netlify Functions
• Nimbella
• OpenFaaS
• StackPath

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