Last Updated: 23-07-2025 | Format: PDF | Report ID:9626 | Author: Manisha C
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $47,600 Million |
| What is the market CAGR from 2025 to 2035? | 22.2% |
| Which region dominates the market? | China (38%) |
| Which product/service type dominates the market? | Function as a Service (FaaS) (48%) |
| Which application leads the market? | Web Application Development (47%) |
| Who are the major buyers? | Large Enterprises (56%), SMEs (29%) |
| What are the key market growth drivers? | Rising enterprise demand for operational agility and cost optimization is propelling market growth; Proliferation of IoT devices and AI integration in business workflows is accelerating adoption |
| What are the major market challenges? | Ensuring robust security and compliance amid rising data privacy regulations remains a market challenge; Vendor lock-in risk is a significant concern for enterprises scaling serverless deployments across multi-cloud environments |
| What is the forecast period? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| 2026–2035 |
| Who are the key market players? | AWS, Microsoft Azure, Google Cloud, Alibaba Cloud, IBM Cloud, Oracle Cloud, Tencent Cloud, Baidu Cloud, Huawei Cloud, Fujitsu, Samsung SDS, NTT Communications, Red Hat, HCL Technologies, Infosys |
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