Serverless Architecture Market By Size, Share, Trends, Growth and Market Forecast 2027 | TechSci Research

The global serverless architecture market was valued at USD 7723.25 million in 2021 and is expected to project robust growth during the forecast period, registering a CAGR of 26.39%. The growing number of verticals that use distributed workloads is a major driver of the serverless architecture market.

The term "Serverless Architecture" refers to a computer architecture that enables programmers to create and run programs without having to provide, set up, or manage infrastructure. Serverless computing enables developers to concentrate efforts on writing code that directly adds value to the business by outsourcing infrastructure management to a third party. The sort of serverless computing presented in this paper executes functions in response to predetermined events or triggers, despite the fact that the term "serverless computing" can refer to a wide range of services. This style of serverless computing, also known as "functions as a service," makes use of transient functions that form applications that are run inside of a serverless architecture.
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