Serverless Computing Market 2029: Size Analysis and Emerging Trends

The Global Serverless Computing Market is poised for significant growth during the forecast period, driven by advancements in computing technology that facilitate the adoption of serverless environments. Key benefits of Serverless Computing—such as seamless development and deployment, along with built-in scalability—are crucial in supporting its rapid uptake, thereby propelling market expansion.

By embracing serverless architecture, organizations can eliminate the costly and time-consuming tasks associated with acquiring new hardware, configuring systems, and troubleshooting. This shift allows businesses to transfer the management of servers, databases, and application logic to service providers, resulting in reduced setup and maintenance costs.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Serverless Computing Market.”@https://www.techsciresearch.com/report/serverless-computing-market/23660.html

As technological changes reshape the business landscape, companies are launching new products and features to meet rising consumer expectations, focusing on shorter time-to-market. This trend is expected to drive market growth as startups, in particular, aim to scale quickly and enhance their offerings, further increasing the demand for serverless technology.

For detailed insights, browse extensive market data and a comprehensive table of contents on the "Global Serverless Computing Market."

Market Segmentation

By Service
The Professional Services segment emerged as the leading category in 2023. In today’s digital landscape, enterprises are under pressure to swiftly introduce new features and products that align with customer demands. Serverless architecture provides significant advantages to small and medium-sized enterprises (SMEs), offering flexibility while reducing overall infrastructure costs.

Innovations in enterprise IT have fostered business agility and resilience, contributing to cost-effectiveness. In this context, serverless computing has become essential for deploying cloud services and applications in an ever-evolving business environment. The adoption of hybrid and multi-cloud strategies in professional services has also risen. For instance, hybrid cloud solutions allow companies to allocate local resources for sensitive data or applications, optimizing costs during temporary demand spikes.

Moreover, the rise of microservices and serverless computing is transforming DevOps by blurring the lines between development and operations. Organizations are expected to rapidly scale and enhance their product and service offerings, boosting their business value. As businesses increasingly migrate to cloud services, competition intensifies, although security remains a pressing concern. Cloud service providers are working closely with cybersecurity vendors to mitigate the risks of cyber threats.

Regional Insights

North America is projected to lead the market throughout the forecast period, capturing the largest market share in terms of revenue. This dominance is attributed to rapid technological advancements and the presence of major players across industries such as retail, BFSI, manufacturing, healthcare, and IT & Telecom, all benefiting from a large user base.

High levels of digitalization and the widespread adoption of cloud computing services by enterprises striving to stay competitive contribute to increased demand for serverless solutions in the region. Companies are continuously innovating to deliver new features and products quickly.

Notably, startups like Lightbend Inc. are addressing the limitations of serverless computing for complex, data-intensive applications. Last June, the company introduced Akka Serverless, an open-source developer platform designed to redefine cloud-native application development standards.

As developers take on more responsibility for application management, many are gravitating toward platforms that automate IT infrastructure management, reducing reliance on IT operations teams. In June, Render, a cloud services provider, announced enhancements that enable automatic scaling of compute and memory resources in real-time based on developer needs. These advancements are expected to further stimulate market growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Serverless Computing Market.”