Serverless PaaS Market: Growth and Trends

The global Serverless PaaS Market size is predicted to reach USD 51.58 billion with a CAGR of 22.4% till 2030.

Market Growth:
Growing utilization of serverless cloud computing among the IT service providers to boost their product as a service solution among the various industry and businesses is d...

The global Serverless PaaS Market size is predicted to reach USD 51.58 billion with a CAGR of 22.4% till 2030.

Market Growth:
Growing utilization of serverless cloud computing among the IT service providers to boost their product as a service solution among the various industry and businesses is driving the serverless PaaS market growth.

On the contrary, integration of serverless computing with machine learning services that enables developers to easily incorporate AI capabilities into their applications without managing the underlying infrastructure. This integration includes the deployment and scalability of machine learning models, fostering innovation in AI-driven serverless applications.

Geographical Analysis:
• North America holds the dominating share of serverless PaaS industry trends during the forecast period.
• On the other hand, Asia-Pacific is considered fastest growing region in the serverless PaaS industry owing to the growing implementation of digital technology including cloud enterprise resource planning (ERP) in their platform solution is further driving the market expansion.

Competitive Analysis:
Various key players in the serverless PaaS industry includes Google LLC, IBM Corporation, Amazon Web Services, Inc, Microsoft Corporation, Oracle Corporation, Salesforce, Inc, Alibaba Group, Zoho Corporation Pvt. Ltd, VMware, Inc, Mendix Technology BV and others.

Conclusion:
In conclusion, the serverless PaaS market represents a dynamic and promising segment of the cloud services landscape. As it matures, it is likely to see increased adoption, driven by its potential to revolutionize how applications are developed and deployed in a fast-paced, digital-first world. Organizations that can effectively navigate the associated challenges will be well-positioned to leverage the full benefits of serverless PaaS and gain a competitive edge in the market.