How big is the serverless computing market?

The global serverless computing market size was estimated at USD 24.51 billion in 2024 and is expected to reach USD 26.98 billion in 2025

What is the serverless computing market growth?

The global serverless computing market is expected to grow at a compound annual growth rate of 14.1% from 2025 to 2030 to reach USD 52.13 billion by 2030

Which segment accounted for the largest serverless computing market share?

The Function-as-a-service (FaaS) segment accounted for a market share of over 60% in 2024. The growing reliance on event-driven architecture significantly boosts the adoption of Function-as-a-Service (FaaS), as it excels in handling discrete, event-triggered tasks such as IoT data processing, real-time analytics, and API management.

Who are the key players in the serverless computing market?

The key players in the serverless computing market are Amazon Web Services (AWS), Microsoft Corporation, Google, IBM Corporation, Alibaba Cloud, Oracle Corporation, Red Hat, Inc., Cloudflare, Inc., Tencent Cloud, SAP SE

What are the factors driving the serverless computing market?

The serverless computing market is poised for significant growth, driven by enterprises' digital transformation initiatives, increasing adoption of cloud technologies, and the need for agile, cost-effective Function-as-a-service (FaaS)s.