Serverless Architecture Market Size, Share, Growth Analysis, By Deployment Model(Public Cloud, Private Cloud, and Hybrid Cloud), By Vertical(BFSI, IT and Telecommunications, Retail and Ecommerce, Healthcare and Lifesciences), By Service Type(Automation And Integration, API Management, Design and Consulting, Monitoring), By Organization size(Large enterprises and SMEs), By Region - Industry Forecast 2025-2032

Serverless Architecture Market size was valued at USD 9.84 Billion in 2023 and is poised to grow from USD 12.08 Billion in 2024 to USD 62.46 Billion by 2032, growing at a CAGR of 22.8% during the forecast period (2025-2032).

The increased usage of software technologies and improvements in information technology tools across various sectors are key factors driving the serverless architecture market growth. Cost-effectiveness through serverless architecture, faster deployments, better and easier management, and access to multiple models based on size and deployment mode are also contributing to the rapid expansion. Low-cost IT solutions, such as serverless architectures, have become more appealing for a majority of organizations worldwide as the latter seek efficient ways to save on infrastructure investments while improving their performance. Growth in demand over the next few years is expected to be fueled by such advantages of establishing serverless systems as quicker time-to-market transitions, upgraded scalability, and reduced costs. Some more reasons why this industry has been on the move include how serverless architecture is well suited for multi-programming languages, the microservices aspect, and being in place for contemporary application development. More studies and research within the area, with further deployment to areas such as retail, telecommunication, banking, entertainment, and health are opening new areas to newer companies who are introducing a myriad of services. The market is growing significantly with increased demand from organizations looking for agile, scalable, and cost-effective solutions. In addition, ongoing technological advancements and innovations related to serverless computing would continue to drive the serverless architecture industry forward by helping companies deliver more flexible and efficient solutions in relation to changing business needs.