Serverless Computing Market

The Serverless Computing market is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period, from USD 21.9 billion in 2024 to USD 44.7 billion in 2029. The worldwide serverless computing industry thrives because it improves project visibility, maximizes resource usage, and empowers better decision-making. Companies can effectively oversee and control numerous international projects by utilizing a single platform, guaranteeing uniform performance and efficient operations in various areas. This method enables businesses to grow efficiently, adjust to market changes, and stay competitive when managing intricate project portfolios more effectively.

Major vendors in this market are in North America and Europe. AWS, Microsoft, Google, IBM, and Oracle are among the leading Serverless Computing market players. These firms have implemented a variety of growth tactics to increase their market position. These can include product launches, contracts, collaborations, mergers & acquisitions, and geographical expansion by developing new products.

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Amazon Web Services (AWS)

Amazon Web Services, known as AWS. In addition to the traditional services like compute, storage, and databases, it provides more advanced resources, including options for Artificial Intelligence (AI), Machine Learning suites with AWS, or Internet of Things solutions using their lambda-services. AWS serves enterprises at all stages with hyper-scalable, elastic solutions that run across a genuinely worldwide data center-based availability zone to reduce latency and increase reliability. Competitive product pricing, an expanded group of services offered, and a less disruptive ability to incorporate new features make AWS stand out in the cloud market due to its top-notch security, compliance with all regulations, and comprehensive customer support. On the list of serverless computing brands is AWS, which has a lauded selection of tools developers can use to run apps without managing servers. AWS Lambda is a serverless event-driven compute service; AWS Fargate lets you run containers without managing servers or clusters (like ECS by default); Amazon API Gateway enables creation, publishing, and securing of Restful APIs with ease; Step Functions from AWS are used for indeed executing workflows in the cloud ecosystem & DynamoDB which can be called as an enterprise-grade NoSQL database available to us. These tools help companies concentrate on building applications, scale quickly, and reduce costs by managing the underlying infrastructure to accelerate product launches.

Microsoft

Microsoft Corporation was founded in 1975 and is a global software, services, devices & solutions provider with products that span the Desktop to Cloud: Windows operating system (OS), Office suite of productivity apps SharePoint servers or CRM Dynamics, Xbox gaming platform; Azure for hosting web-based workloads alongside LinkedIn an online network connecting professionals. Microsoft is a global technology leader that creates productivity and communication services for consumers, SMBs, and enterprise dashboards in sectors spanning AI to mixed reality to cybersecurity innovations. Azure Functions -Event-driven serverless computing and Azure Logic Apps for automated workflow; event-based notification solutions are core in Microsoft's approach to flat-out solving workloads on top of their dynamic virtual machines. Developers can develop and launch apps with no infrastructure to manage, providing flexibility, scalability, and connection to other Azure services. Their cloud ecosystem, ease of use, and enterprise-level support by Microsoft make Azure an attractive option for businesses looking to deploy their serverless computing with many applications.

Related Reports:

Serverless Computing Market by Service Model (Function as a Service, Backend as a Service), Compute (Functions, Containers), Database (Relational, Non-relational), Storage, Application Integration, Monitoring & Security - Global Forecast to 2029

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