Serverless Computing Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Global Serverless Computing Market reached US$ 9.3 Billion in 2023 and is expected to reach US$ 40.9 Billion by 2031, growing with a CAGR of 20.6% during the forecast period 2024-2031.

The Serverless Computing market is growing as businesses seek scalable, cost-efficient cloud solutions without managing infrastructure. This model allows developers to focus on code while cloud providers handle server management. Driven by demand for microservices, real-time data processing, and automation, serverless computing enhances agility and reduces costs. Challenges include vendor lock-in and security concerns, but innovation continues to drive adoption.

List of the Key Players in the Serverless Computing Market:

Google LLC, Alibaba Cloud, CA Technologies, Microsoft Corporation oracle Corporation, Dynatrace, Fiorano Software Inc., Joyent Inc., Modubiz Ltd. and NTT Data Corporation.

Industry Development:

On May 25, 2022, DigitalOcean, a U.S.-based cloud infrastructure provider, introduced serverless computing powered by Nimbella. The new Functions product simplifies infrastructure management, allowing developers to quickly write and deploy code without needing to navigate Kubernetes or container complexities.

On May 24, 2021, Imperva, Inc. launched a new security solution designed to protect serverless functions by providing visibility into the application layer and identifying code-level vulnerabilities. Imperva Serverless Protection enhances security for AWS Lambda environments, adding an extra layer of defense against potential threats.

Growth Forecast Projected:

The Global Serverless Computing Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Serverless Computing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Serverless Computing Market:

By Services: Monitoring Services, API Management Services, Integration Services, Security, Support and maintenance, Others.

By Deployment: Private Cloud, Public Cloud.

By Enterprise Size: Large Enterprises, Small and Medium Enterprises.

By Application: Web and Mobile Applications, IoT (Internet of Things).

By End-User: BFSI, IT and Telecom, Retail, Healthcare, Manufacturing, Media and Entertainment, Others.

Regional Analysis for Serverless Computing Market:

The regional analysis of the Serverless Computing Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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