The global serverless apps market size accounted for USD 14,868 million in 2024 and is expected to exceed around USD 1,22,721 million by 2034, growing at a CAGR of 23.5% from 2024 to 2034.
The primary driver of the serverless apps industry market is the growing adoption of serverless architecture across a wide range of organizations. Serverless architecture offers seamless scalability allowing organizations to handle varying workloads and accommodate spikes in traffic without the need or manual intervention. This scalability enables businesses to rapidly scale their applications as they grow, ensuring smooth user experience and supporting business expansion. The agility provided by serverless architecture enables organizations to easily respond to changing market demands, launch new features and experiment with innovative ideas.
However, the serverless apps industry has witnessed a tremendous number of technological advancements in the last few years. There are a lot of businesses and organizations that are still in the initial phase of deploying older technologies and are not at par with current trends in the IT segment which has resulted in a lack of knowledge about serverless apps thus restricting the global market growth
Although, owing to the vast potential that serverless technology holds, government sectors like the military and other services are deploying and investing in this cutting-edge science. The high adoption rate is further propelled by aid provided by private creators of serverless apps to help them navigate through the processes. These factors are expected to contribute to the creation of multiple growth opportunities for the global serverless apps market.
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| Stats ID: | 7291 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7291 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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