Serverless Architecture Market: Size, Share, Trends, Current and Future Analysis
According to a research report " Serverless Architecture Market by Service Type (Automation and Integration, Monitoring, API Management, Security, Analytics, and Design and Consulting), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global serverless architecture market size is projected to grow from USD 7.6 billion in 2020 to USD 21.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. The major factors driving the growth of the serverless architecture market include the rising need of shifting from CAPEX to OPEX by removing the need to manage servers, thereby reducing the infrastructure cost. Large enterprises segment to hold a larger market size during the forecast period The adoption of serverless architecture service types among large enterprises is high owing to the ever-increasing demand for cloud automation, and the trend is expected to...