Serverless Apps Market Size Expected To Acquire USD 37.66 billion By 2030 At CAGR of 22.50%

# Serverless Apps Market Size Expected To Acquire USD 37.66 billion By 2030 At CAGR of 22.50% **The latest market report published by Credence Research, Inc. “Global Serverless Apps Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028.** The global Serverless apps market has witnessed steady growth in recent years and is expected to grow at a **CAGR of 22.50% between 2023 and 2030.** The market was valued at **USD 9.1 billion in 2022** and is expected to reach **USD 37.66 billion in 2030.** The serverless apps market is a rapidly growing segment of the technology industry that revolves around the development and deployment of applications without the need to manage traditional server infrastructure. In serverless computing, cloud service providers automatically manage the underlying hardware and infrastructure, allowing developers to focus solely on writing code and defining the application's functionality. This paradigm shift has gained popularity due to its scalability, cost-efficiency, and ease of development. Organizations across various industries are increasingly adopting serverless technology to build and run applications, leveraging its advantages in agility, reduced operational complexity, and the ability to handle variable workloads seamlessly. As businesses continue to embrace digital transformation, the serverless apps market is expected to expand further, offering new opportunities and solutions for software development and deployment. **Serverless Apps Market Regional Analysis** **North America:** North America, particularly the United States, has been a leader in adopting serverless technology. The region benefits from a mature cloud computing ecosystem with major providers like AWS, Azure, and Google Cloud. Startups, enterprises, and government agencies are increasingly using serverless architecture for various applications. Industries such as fintech, healthcare, and e-commerce have particularly embraced serverless for its scalability and cost-effectiveness. **Europe:** Europe is also witnessing growth in the serverless apps market, with countries like the UK, Germany, and the Netherlands at the forefront. Companies in sectors such as finance, manufacturing, and logistics are utilizing serverless computing to streamline operations and enhance customer experiences. European businesses often prioritize data privacy and compliance, which can influence their choice of cloud providers and serverless solutions. **Asia-Pacific:** The Asia-Pacific region, including countries like India, Singapore, and Australia, is experiencing a surge in serverless adoption. Rapid digitization, a burgeoning startup scene, and the need for agile, scalable applications are driving this growth. Local cloud providers, as well as global giants, are offering serverless services tailored to the region's specific needs. **Middle East and Africa:** The serverless market in the Middle East and Africa is growing, but at a relatively slower pace compared to other regions. Factors such as infrastructure development and economic stability influence the adoption rate. Still, serverless technology is gaining traction, especially in urban tech hubs like Dubai and Tel Aviv, where startups and businesses are exploring its benefits. **Some of the major players in the market and their market share are as follows:** • Amazon Web Services • Microsoft Corporation • Google LLC • IBM Corporation • Cisco System, Inc • Oracle Corporation • Rackspace Technology • TIBCO Software Inc. **Browse 232 pages report Serverless Apps Market By Applications (Real-Time File/Stream Processing, Web Application Development, IoT Backend, Others) By Enterprise Size Types (SMEs, Large Enterprises) By Industry Type (IT & Telecommunication, BFSI, Retail, Government, Manufacturing, Others)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030 - https://www.credenceresearch.com/report/serverless-apps-market** **Several key dynamics have shaped and continue to influence the serverless apps market:** • Adoption of Serverless Computing: Organizations are increasingly adopting serverless computing as it offers a cost-effective and scalable way to build and deploy applications. This shift is driven by the desire to reduce infrastructure management overhead and focus on writing code. • Diverse Use Cases: Initially, serverless was associated primarily with event-driven functions. However, it has expanded to support a wide range of use cases, including web applications, APIs, IoT applications, and more. This versatility has broadened the appeal of serverless computing. • Vendor Competition: Major cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud have developed their own serverless platforms, leading to intense competition in the market. This competition has driven innovation and improved service offerings. • Security and Compliance: Serverless applications often rely on third-party services, which can introduce security and compliance challenges. As a result, there is a growing focus on enhancing the security of serverless apps and ensuring compliance with regulations like GDPR and HIPAA. **Market Segmentation By Applications** • Real-Time File/Stream Processing • Web Application Development • IoT Backend • Others **By Enterprise Size Types** • SMEs • Large Enterprises **By Industry Type** • IT & Telecommunication • BFSI • Retail • Government • Manufacturing • Others **Why to Buy This Report-** • The report provides a qualitative as well as quantitative analysis of the global Serverless Apps Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028. • The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels. • Major nations in each region with their import/export statistics • The global Serverless Apps Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas. **Browse Complete Report- https://www.credenceresearch.com/report/serverless-apps-market Visit our Website- https://www.credenceresearch.com/ Related Reports- https://www.credenceresearch.com/report/saudi-arabia-data-center-market https://www.credenceresearch.com/report/us-it-staffing-market Browse Our Blog- https://www.linkedin.com/pulse/serverless-apps-market-size-expected-acquire-usd-3766-vanshika-shukla** **About Us-** Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 10,000 clients worldwide and is built on the Give principle. 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