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The function as a service market size is estimated to grow by USD 22.08 billion at a CAGR of 35.35% between 2023 and 2028. Serverless computing is an emerging technology that has gained significant traction in the tech industry. One of its key offerings is the ability to build and run applications without the need to manage infrastructure. This results in increased developer productivity and faster development time as the focus shifts from managing servers to writing code. Moreover, the robust dependency on IoT (Internet of Things) devices is driving the adoption of serverless computing. With IoT, data is generated in real-time and needs to be processed and analyzed instantly. Serverless computing provides the flexibility and scalability to handle this data deluge effectively, making it an ideal solution for IoT applications. In summary, serverless computing offers numerous benefits, including faster development time, increased productivity, and effective handling of IoT data, making it a must-have technology for modern-day businesses.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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