Serverless Architecture Market to Grow at a CAGR of 26.39% Through 2027
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 ...