ICT Industry Reports

Rapid development of applications, rise in demand for reducing server management, and the transition from DevOps to serverless computing are the major drivers of the global serverless architecture market. Additionally, a number of advantages, including improved scalability and cost-efficiency of serverless architecture are expected to drive the global serverless architecture market through the forecast period. According to TechSci Research report, “ Serverless Architecture Market  – Global Industry Size, Share, Trends, Competition, Forecast & Opportunities, 2017- 2027F ” , the Global Serverless Architecture Market stood at USD 7723.25 million in 2021 and is expected to register a CAGR of 26.39% to reach USD31643.75 million by 2027. The market is primarily driven by the rise in application development and deployments via cloud infrastructure for increased agility, as well as the development and testing of serverless architecture.  Moreover, use cases including media ...

According to TechSci Research,  Global serverless architecture market is expected to grow at a significant rate during the forecast period. The rising need to optimize the infrastructure cost of the organizations is the major driving factor for the growth of the serverless architecture market in the forecast period. Server management in the organizations is required to monitor the apps and activities running on the server and server management is expensive and is a complex task. Serverless architecture does not need to manage servers which leads to lower incurred costs. The growing need to remove the management servers and the shift to move from CAPEX to OPEX is expected to accelerate the serverless architecture market growth in the next five years. Serverless architecture is easy to deploy, and the codes can be released immediately without taking infrastructure into account and in a lower time than the traditional servers. With the surge in data generation through various sources...