Serverless Architecture Market is expected to reach $41.87 Billion by 2028: COVID Impact, Opportunities, Trends and Forecast

Evolve Business Intelligence, today has published a new market research report on “The global Serverless Architecture market size is expected to reach $41.87 Billion by 2028 growing at the CAGR of 23.21% from 2021 to 2028”.

For more information on the report:

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the serverless architecture market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the serverless architecture market report also includes the following data points:

  • COVID19 Impact on serverless architecture market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in the serverless architecture market

The recent COVID scenario is expected to have a positive impact on the serverless architecture market. Due to the increasing spread of Coronavirus, several companies are working with a limited workforce leading to delays in work/production. This has impacted the market in the years 2020 and 2021.

Competitive Scenario
Some of the major serverless architecture players holding high market share include Alibaba Group, Amazon Web Services, Google LLC, IBM Corporation. These players use new product development, partnership, and acquisition as key strategies to gain significant market share to compete with market leaders.

Segmental Analysis
Serverless Architecture market is analyzed across below-mentioned different segments:

  • Organization Size
    • Large Enterprises
    • SMEs
  • Deployment Model
    • Private Cloud
    • Public Cloud
  • Application
    • Real-time file/stream processing
    • Web Application Development
    • IoT Backend
    • Others
  • Industry Vertical
    • BFSI
    • IT & telecom
    • Healthcare
    • Manufacturing
    • Media & Entertainment
    • Others

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the serverless architecture market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:

  • Alibaba Group
  • Amazon Web Services
  • Google LLC
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Platform9 Systems, Inc.
  • Rackspace Inc.
  • Tibco Software
  • Twilio

To request a free sample report, click on the “Request Sample PDF” button on

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants’ financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives

  • To define, describe, and forecast the serverless architecture market, in terms of value, segmented based on indication, type, technology, and geography
  • To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, and opportunities, in the serverless architecture market
  • To provide an overview of the value chain analysis pertaining to the serverless architecture industry
  • To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall serverless architecture market
  • To analyze opportunities in the market by identifying high-growth segments of the serverless architecture market
  • To profile key players in the serverless architecture market and comprehensively analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global serverless architecture market


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