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[English Market Research Report] Global Market for Serverless Architecture

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The global serverless architecture market size was $8.1 billion in 2022 and is expected to grow from $9.84 billion in 2023 to $50.86 billion by 2031, with a projected CAGR of 22.8% during the forecast period (2024-2031). The increasing awareness of the benefits of serverless architecture, such as improved operational agility and cost reduction, is driving significant growth in the global industry. Developers are attracted to serverless architecture due to advantages like ease of setup, streamlined operational management, and the elimination of system management tasks. Additionally, the emergence of cloud-based technologies and access to external providers for server component management are propelling this industry. By adopting serverless architecture, companies are freed from the traditional, time-consuming methods of purchasing, installing, configuring, and troubleshooting hardware. As the responsibility for managing servers, databases, and application logic is delegated, the costs associated with setup and maintenance are reduced.

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