Where is serverless computing heading?
Posted: Sun Feb 09, 2025 8:17 am
In 2014, Amazon launched AWS Lambda, which was a turning point for serverless computing. This function-as-a-service (FaaS) platform popularized the term “serverless” and allowed for event-driven code execution, further simplifying development. Since then, Microsoft Azure Functions, Google Cloud Functions, and other FaaS platforms from major cloud providers have emerged, solidifying serverless computing as a mainstream approach. Once IT giants entered the market, it brought it into the mainstream.
This emerging segment is only going up. It is experiencing steady growth driven by the flexibility, scalability, and cost-effectiveness of the technology. Estimates of its current size vary widely; here are some key figures and market forecasts:
The global serverless computing market is south korea mobile database at $10.5 billion in 2023 and is expected to grow at a CAGR of 33.5% from 2023 to 2030. Asia Pacific will be the fastest growing serverless computing market (MarketsandMarkets, October 2023).
Key drivers include growing adoption of cloud applications; demand for flexibility and scalability in application development; cost-effectiveness benefits; growing popularity of event-driven architecture; and integration with other cloud services such as AI/ML and IoT.
In August 2023, 451 Research reported that the serverless market will double every two to three years over the next decade.
By 2025, serverless technologies could account for 20% of all cloud workloads (Forrester Research, July 2023).
Industry analysts say serverless computing will continue to grow and evolve as more attention is placed on event-driven architectures, security, integration with other cloud services, open source options, and edge computing applications.
“In some ways, serverless IT is the closest thing to the on-demand computing future that vendors envisioned and promoted a couple of decades ago,” says Charles King, principal analyst at Pund-IT Research. “In those scenarios, IT was like an electric or water utility, where customers and end users simply requested the type and amount of compute, memory, and storage they needed to perform certain tasks, and paid for the services they used.”
Serverless IT is currently popular among developers (and their employers), as well as for other use cases and applications that can benefit from resource flexibility, he said.
This emerging segment is only going up. It is experiencing steady growth driven by the flexibility, scalability, and cost-effectiveness of the technology. Estimates of its current size vary widely; here are some key figures and market forecasts:
The global serverless computing market is south korea mobile database at $10.5 billion in 2023 and is expected to grow at a CAGR of 33.5% from 2023 to 2030. Asia Pacific will be the fastest growing serverless computing market (MarketsandMarkets, October 2023).
Key drivers include growing adoption of cloud applications; demand for flexibility and scalability in application development; cost-effectiveness benefits; growing popularity of event-driven architecture; and integration with other cloud services such as AI/ML and IoT.
In August 2023, 451 Research reported that the serverless market will double every two to three years over the next decade.
By 2025, serverless technologies could account for 20% of all cloud workloads (Forrester Research, July 2023).
Industry analysts say serverless computing will continue to grow and evolve as more attention is placed on event-driven architectures, security, integration with other cloud services, open source options, and edge computing applications.
“In some ways, serverless IT is the closest thing to the on-demand computing future that vendors envisioned and promoted a couple of decades ago,” says Charles King, principal analyst at Pund-IT Research. “In those scenarios, IT was like an electric or water utility, where customers and end users simply requested the type and amount of compute, memory, and storage they needed to perform certain tasks, and paid for the services they used.”
Serverless IT is currently popular among developers (and their employers), as well as for other use cases and applications that can benefit from resource flexibility, he said.