Serverless Computing Market Size, Share And Trends Report, 2030

 


Serverless Computing Market Summary

The global serverless computing market size was estimated at USD 24.51 billion in 2024 and is projected to reach USD 52.13 billion by 2030, growing at a CAGR of 14.1% from 2025 to 2030. The serverless computing industry is poised for significant growth, driven by enterprises' digital transformation initiatives, increasing adoption of cloud technologies, and the need for agile, cost-effective Function-as-a-service (FaaS)s.

Key Market Trends & Insights

  • North America dominated the global serverless computing industry with the largest share of over 35% in 2024.
  • The serverless computing industry in Europe is growing significantly at a CAGR of over 13.0% from 2025 to 2030.
  • The Asia Pacific serverless computing industry is growing significantly at a CAGR of over 15.0% from 2025 to 2030.
  • Based on service model, the function-as-a-service (FaaS) segment dominated the serverless computing industry and accounted for a market share of over 61% in 2024.
  • In terms of enterprise size, the large enterprises segment accounted for the largest market share of over 59% in 2024.

Market Size & Forecast

  • 2024 Market Size: USD AA Billion
  • 2030 Projected Market Size: USD 52.13 Billion
  • CAGR (2025-2030): 14.1%
  • North America: Largest market in 2024


Serverless computing offers a transformative approach to cost management by eliminating the need for organizations to maintain and manage physical or virtual server infrastructure. Unlike traditional IT environments that require upfront investments in servers, storage, and ongoing maintenance, serverless Function-as-a-service (FaaS) operate on a pay-as-you-go pricing model. This means businesses are charged only for the compute resources consumed during the execution of their end uses, significantly reducing capital expenditure and operating costs. This model is particularly advantageous for small and medium enterprises (SMEs), which often have limited IT budgets and cannot afford to invest heavily in infrastructure.

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Service Model Insights

The function-as-a-service (FaaS) segment dominated the serverless computing industry and accounted for a market share of over 61% in 2024. The growing reliance on event-driven architecture significantly boosts the adoption of Function-as-a-Service (FaaS), as it excels in handling discrete, event-triggered tasks such as IoT data processing, real-time analytics, and API management.

Deployment Insights

The public cloud segment accounted for the largest market share in 2024. As organizations increasingly migrate their infrastructure to the cloud, they are looking for flexible, scalable, and cost-efficient solutions to support their end uses.

Enterprise Size Insights

The large enterprises segment accounted for the largest market share of over 59% in 2024. Large enterprises often face substantial operational costs for infrastructure maintenance and scaling. Serverless computing offers cost efficiency through a pay-per-use model, eliminating upfront server investments and enabling organizations to pay only for the resources consumed.

Regional Insights

North America dominated the global serverless computing industry with the largest share of over 35% in 2024. North America leads in cloud computing adoption, driven by the presence of major providers like AWS, Microsoft Azure, and Google Cloud. This robust cloud infrastructure, coupled with the region's early embrace of serverless computing models, significantly propels market growth.

Key Serverless Computing Companies:

The following are the leading companies in the serverless computing market. These companies collectively hold the largest market share and dictate industry trends.

  • Amazon Web Services (AWS)
  • Microsoft Corporation
  • Google, Inc.
  • IBM Corporation
  • Alibaba Cloud
  • Oracle Corporation
  • Red Hat, Inc.
  • Cloudflare, Inc.
  • Tencent Cloud
  • SAP SE

Global Serverless Computing Market Report Segmentation

This report forecasts market size growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the serverless computing market report based on service model, deployment, enterprise size, end use, and region:

  • Service Model Outlook (Market Size, USD Million, 2018 - 2030)

    • Function-as-a-service (FaaS)

    • Backend-as-a-service (BaaS)

  • Deployment Outlook (Market Size, USD Million, 2018 - 2030)

    • Public Cloud

    • Private Cloud

    • Hybrid Cloud

  • Enterprise Size Outlook (Market Size, USD Million, 2018 - 2030)

    • Large Enterprises

    • Small & Medium Sized Enterprises

  • End-use Outlook (Market Size, USD Million, 2018 - 2030)

    • IT & Telecom

    • BFSI

    • Healthcare & Life Sciences

    • Retail & Consumer Goods

    • Government & Defense

    • Transportation & Logistics

    • Manufacturing

    • Others

  • Regional Outlook (Market Size, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Australia

    • Latin America

      • Brazil

    • Middle East & Africa

      • U.A.E

      • Saudi Arabia

      • South Africa

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/serverless-computing-market-report

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