Precision Business Insights has published a report on the global serverless computing market, estimating its value at USD 22.3 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 15.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/serverless-computing-market      

The market refers to the global industry focused on cloud-based computing models where application execution and backend services are managed by cloud providers without the need for developers to handle server infrastructure. In this model, resources are automatically allocated, scaled, and billed based on usage, allowing organizations to focus on writing and deploying code without worrying about server management, provisioning, or maintenance

The growth of the market is driven by the rising demand for cost-efficient cloud solutions, as organizations seek to eliminate the complexities of server management and reduce operational expenses. Increasing adoption of microservices and containerization is fueling the need for scalable and flexible computing models, while serverless architecture enables faster deployment and innovation.  

The global serverless computing market segmentation:
1) By Service Type: Function-as-a-Service (FaaS), Backend-as-a-Service (BaaS)
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud)
3) By End User: IT & Telecom, BFSI (Banking, Financial Services, and Insurance), Healthcare & Life Sciences, Retail & eCommerce, Media & Entertainment, Manufacturing, Government & Public Sector, Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the serverless computing market by the region. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Amazon Web Services (AWS), Microsoft Corporation (Azure), Google LLC (Google Cloud Platform), IBM Corporation, Oracle Corporation, Alibaba Cloud, Tencent Cloud, Cisco Systems, Inc., SAP SE, Cloudflare, Inc.

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