Frequently Asked Questions
The global Serverless apps market was valued at USD 9.1 Billion in 2022.
The Serverless apps market is expected to grow at a CAGR of 22.50 % between 2023 and 2030, reaching USD 37.66 Billion in 2030.
Web application development is the leading segment by application, holding around one third of the share in value in 2022.
Large enterprises govern the demand for Serverless apps worldwide, holding a massive share of more than 55% in 2022.
The IT & Telecommunication industry segment is expected to post the highest CAGR during the forecast period.
North America is fuelling the growth of the serverless apps industry, with a nearly two-fifth share in 2022.
The top players include Amazon Web Services, Microsoft Corporation, Google LLC, IBM Corporation, Cisco System, Inc, Oracle Corporation, Rackspace Technology, TIBCO Software Inc., Serverless, Inc., Cloudflare, Inc., Netlify, NTT Data Corporation, Apache, Palo Alto Networks, Twistlock Inc. and others
The increasing adoption of serverless apps across a wide range of organizations across the globe is the major market driver.
Lesser awareness of the serverless applications restraints of the serverless apps industry.
Increasing adoption of IoT and BYOD are posing an opportunity for the serverless apps market.