The global serverless architecture market size reached USD 12.8 billion in 2023 and is projected to grow to USD 51.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.5% during the period from 2024 to 2032. This market expansion is driven by the increasing adoption of serverless computing across various industries, including IT and telecom, healthcare, retail and e-commerce, and banking, financial services, and insurance (BFSI). Serverless architecture offers businesses a flexible and scalable way to build and deploy applications, making it a desirable alternative for organizations looking to upgrade their IT infrastructure. Additionally, the growing demand for cloud-based services and the need for cost-effective and efficient computing solutions are further contributing to the market’s growth.
The Rise of the Serverless Architecture Market: What You Need to Know?