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Worldwide Functions as a Service Forecast, 2025–2028

Publisher IDC
Published Mar 25, 2025
Length 12 Pages
SKU # IDC19884600

Description

This IDC study provides the worldwide functions as a service (FaaS) market forecast for 2024 to 2028. It also presents regional forecasts and a discussion of significant market developments and leading market participants. “The FaaS market is forecast to grow from $3.2 billion in 2023 to $13.4 billion in 2028, representing a 33.1% CAGR,” said Adam Reeves, research director, PaaS for Developers of Modern and Edge Applications at IDC. “Market growth will continue to be driven by PaaS providers serving developer needs for tools to make them more efficient in delivering cutting-edge applications.”

Table of Contents

12 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

Drivers and Inhibitors

Drivers

PaaS Installed Base

Developer Enablement

Provider Ecosystem

Inhibitors

Vendor Lock-In

Technical Fit

Significant Market Developments

Microsoft Azure Functions

AWS Lambda

Google Cloud Run Functions

Changes from Prior Forecast

Market Definition

Methodology

Related Research

Pricing

Currency Rates
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