The Serverless Computing Platforms Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The market size for serverless computing platforms has seen remarkable growth recently. It is projected to increase from $11.32 billion in 2024 to $13.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 20.7%.
The serverless computing platforms market is projected to reach a size of $28.67 billion in 2029, with a compound annual growth rate (CAGR) of 20.4%.
Download Your Free Sample of the 2025 Serverless Computing Platforms Market Report and Uncover Key Trends Now!The key drivers in the serverless computing platforms market are:
• Rising adoption of microservices architecture
• Growing demand for real-time data processing
• Expansion of edge computing
• Surge in digital transformation initiatives and increasing need for agile application development
The serverless computing platforms market covered in this report is segmented –
1) By Deployment: Private Cloud, Public Cloud
2) By Type Of Equipment: Manual Follow Systems, Electronic Follow Focus System
3) By Enterprise: Large Enterprise, Small And Medium-Sized Enterprise (SME)
4) By Consumer And Hobbyist Users: Amateur Videographers, Content Creators, Influencers, Photography Enthusiasts
5) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Information Technology And Telecom, Retail, Manufacturing, Media And Entertainment, Healthcare, Other Industry Verticals
The key trends in the serverless computing platforms market are:
• Advancements in container-based serverless platforms are emerging as a significant trend.
• There is growing innovation in event-driven architectures.
• Development of hybrid serverless solutions is a notable emerging trend.
• There is an increasing trend towards advancements in platform automation and function orchestration.
Major players in the serverless computing platforms market are:
• Google LLC
• Microsoft Corporation
• Alibaba Group Holding Limited
• Amazon Web Services Inc. (AWS)
• Tencent Holdings Limited
• International Business Machines Corporation (IBM)
• Oracle Corporation
• Salesforce Inc.
• Twilio Inc.
• Cloudflare Workers
• DigitalOcean Inc.
• PagerDuty Inc
• Vercel Inc.
• Thoma Bravo LP
• Fly.io
• Samsung Electronics Co. Ltd.
• OpenFaaS Ltd.
• Upstash
• Xenon Ventures
• Fn Project
North America was the largest region in the serverless computing platforms market in 2024