Serverless Architecture Market by Solution (Functions as a Service (FaaS)), By Technology (Cloud and On-Premises), By Application (Serverless and Microservices), By Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2019 to 2024

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Serverless Architecture Market: Summary

The global serverless architecture market is estimated to reach USD 16.4 Billion in 2024 at a CAGR of 27.7%. Rising demand for cloud technology, advancing fault tolerance technology, increasing performance for financial services expected to drive the in this market. However, error detection issues act as a restrain to the market during the forecast period. Increasing demand for software architecture and highly adoption for micro-services is identified as an opportunity in this market.

Serverless Architecture is a software which use to run code and build application without provisioning or managing services. It is also called as service computing or FaaS (Function as a Service). It is use for faster innovation, easy operation, and to reduce operational cost. Some key players of the market IBM Corporation, Amazon Web Services, Inc., Microsoft Corporation, Oracle Corporation, Alibaba Group Holding Limited, RACKSPACE US, INC., TIBCO Software Inc., NTT DATA, Inc., and Syncano. among other.

Serverless Architecture Market


Serverless Architecture Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global serverless architecture market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of solution, the market is segmented into functions as a service (FaaS), serverless databases and storage, event streaming and messaging and Application Program Interface (API) gateways. By technology, the serverless architecture market is segmented cloud and on-premises. By application type the market is segmented into serverless and microservices, application program interface (API) backends, data processing, massively parallel compute operations and stream processing workloads. By end use type the market is segmented into manufacturing, telecommunications, healthcare, banking, financial services, and insurance (BFSI), telecommunication and others

Serverless Architecture Market: Report Scope

The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million)

Segments Included

Solution, Technology, Application, End Use Industry

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Microsoft Corporation
  • Amazon Web Services, Inc.
  • Oracle Corporation
  • Alibaba Group Holding Limited
  • TIBCO Software Inc.
  • NTT DATA, Inc.
  • Syncano
  • Other Key Companies

Serverless Architecture Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Serverless Architecture Market, by Solution

  • Functions as a Service (FaaS)
  • Serverless Databases and Storage
  • Event Streaming and Messaging
  • Application Program Interface (API) Gateways

 Serverless Architecture Market, by Technology

  • Cloud
  • On-Premises

Serverless Architecture Market, by Application

  • Serverless and Microservices
  • Application Program Interface (API) Backends
  • Data Processing
    • Portable Document Format (PDF) processing
    • Applying Machine Learning (MI) Toolkits
  • Massively Parallel Compute Operations
    • Monte Carlo Simulations
    • Web Scraping
  • Stream Processing Workloads
    • IoT Sensor Data
    • Log Data

Serverless Architecture Market, by End Use Industry

  • Manufacturing
  • Telecommunications
  • Healthcare
  • Banking, Financial Services, and Insurance (BFSI)
  • Telecommunication
  • Others

Serverless Architecture Market, by Region

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the major developments impacting the Serverless Architecture Market and its growth?
  • What will be the effects of the developments in the Serverless Architecture Market on the industry and on the market players in the near and far future?
  • What are the evolving types of the Serverless Architecture Market?
  • What are the evolving applications of Serverless Architecture Market?
  • What are the major characteristics that will affect the Serverless Architecture Market growth during the study period?
  • Who are the key players operating in the Serverless Architecture Market?
  • How are the major players leveraging in the existing market conditions?

Report Audience

  • Serverless Architecture Market Providers
  • Serverless Architecture Market Solution and Services Suppliers, Distributors, and Dealers
  • End-Users of Varied Segments of SERVERLESS ARCHITECTURE Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms



1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations


2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation



4.1       Introduction

4.2       Drivers

                                 4.2.1.    Rising Demand for Cloud Technology

                                 4.2.2.    Advancing Fault Tolerance Technology

                                 4.2.3.    Increasing Performance for Financial Services

4.3       Restraints

                                 4.3.1.    Error Detection Issues

4.4       Opportunities

                                 4.4.1.    Increasing Demand of Software Architecture

                                 4.4.2.    High Adoption in Micro-services

4.5       Challenges

                                  4.5.1    Stateless Issues


5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      SERVERLESS ARCHITECTURE MARKET BY SOLUTION, Market Size in USD Million (2017—2024)

6.1       Introduction

6.2       Functions as a Service (FaaS)

6.3       Serverless Databases and Storage

6.4       Event Streaming and Messaging

6.5       Application Program Interface (API) Gateways


7.1       Introduction

7.2       Cloud

7.3       On-Premises


8.1       Introduction

8.2       Serverless and Micro-services

8.3       Application Program Interface (API) Backends

8.4       Data Processing

                                  8.4.1    Portable Document Format (PDF) processing

                                  8.4.2    Applying Machine Learning (MI) Toolkits

8.5       Massively Parallel Compute Operations

                                  8.5.1    Monte Carlo Simulations

                                  8.5.2    Web Scraping

8.6       Stream Processing Workloads

                                  8.6.1    IoT Sensor Data

                                  8.6.2    Log Data

9      SERVERLESS ARCHITECTURE MARKET BY END USE, Market Size in USD Million (2017—2024)

9.1       Introduction

9.2       Manufacturing

9.3       Telecommunications

9.4       Healthcare

9.5       Banking, Financial Services, and Insurance (BFSI)

9.6       Telecommunication

9.7       Others

10   SERVERLESS ARCHITECTURE MARKET BY REGION, Market Size in USD Million (2017—2024)

10.1     North America

                                 8.1.1.    US

                                 8.1.2.    Canada

                                 8.1.3.    Mexico

10.2     Europe

                                 8.2.1.    Germany

                                 8.2.2.    France

                                 8.2.3.    Italy

                                 8.2.4.    UK

                                 8.2.5.    Spain

                                 8.2.6.    The Netherlands

                                 8.2.7.    Rest of Europe

10.3     Asia-Pacific

                                 8.3.1.    China

                                 8.3.2.    Japan

                                 8.3.3.    India

                                 8.3.4.    South Korea

                                 8.3.5.    Taiwan

                                 8.3.6.    Rest of Asia-Pacific

10.4     Middle East & Africa

                                 8.4.1.    Saudi Arabia

                                 8.4.2.    UAE

                                 8.4.3.    Rest of Middle East & Africa

10.5     South America

                                 8.5.1.    Brazil

                                 8.5.2.    Argentina

                                 8.5.3.    Rest of South America


11.1     Introduction

11.2     Market Ranking/Share Analysis of Key Companies

11.3     Company Benchmarking


12.1     IBM Corporation

                                12.1.1    Company Overview

                                12.1.2    Financial Overview

                                12.1.3    Products/Solutions/Services Offered

                                12.1.4    Key Developments

                                12.1.5    SWOT Analysis

12.2     Microsoft Corporation

12.3     Amazon Web Services, Inc.

12.4     Oracle Corporation

12.5     Alibaba Group Holding Limited


12.7     TIBCO Software Inc.

12.8     NTT DATA, Inc.

12.9     Syncano

12.10  Other Key Companies


13.1     Key Industry Expert Insights

13.2     Primary Discussion Guide

13.3   Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain




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Research Design

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Key Questions Answered by the Report

  • Major factors impacting the market and its growth
  • Evolving Types of the various products in the Market
  • Evolving Application of the various products in the Market
  • Growing countries in the Global Market
  • Effects of the developments in the market on the industry and on the market players
  • Key market developments undertaken by the leading players

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