Technology Research Reports Serverless Architecture Market

Serverless Architecture Market Analysis, Size, Growth, Share
& Forecast to 2025 | Grand View Research Inc.
“Serverless Architecture Market Size Worth $19.84 Billion By 2025”
The global serverless architecture market size is expected to reach USD 19.84 billion by 2025 at a 26.0% CAGR during the
forecast period, according to a new study by Grand View Research, Inc. Growing demand for economizing operations
and increasing profitability has been driving the market. Emergence of cloud technology, coupled with advancements in
serverless computing, has further strengthened the market. As the business model of serverless operations is execution
based, enterprises can eliminate the cost of provisioning and maintaining the server round the clock. Charges are billed
on number of executions, which in turn, reduces cost.
Application development processes are a major beneficiary of a serverless architecture. DevOps and agile development
culture within an organization are driving enterprises to change the way they develop business applications
fundamentally. Monolithic applications are paving the way for application programming interface (API), micro-services,
and function-based execution units, resulting in a paradigm shift of organizational mindset. These trends have changed
the way enterprises approach IT infrastructure. In such an environment, serverless architecture enables organizations to
streamline their operations, hire optimal resources, and allow developers to focus on core product development.
Cloud service providers (CSP) manage serverless architecture, enabling the platform to provide automatic scaling,
enterprise-level global security, and promote continuous building, integration, and development efforts. Such factors
positively impact an enterprise’s time-to-market, market share, and sustainability.
From a business perspective, serverless architecture eliminates the cost of hiring back-end infrastructure engineers,
provides process agility, and reduces overall operational cost by a significant amount. From a developer perspective, it
offers reduced liability and zero system administration as well as fosters adoption of microservices and nano-services.
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