Serverless Architecture Market Size Is Likely To Reach USD 19.84 Billion by 2025 : Grand View Research Inc.
San Francisco, 27 February 2019: The Report Serverless Architecture Market Size, Share & Trends Analysis Report By Organization (SME, Large Enterprises), By Vertical, By Service (Automation & Integration), And Segment Forecasts 2018 – 2025 The global Serverless Architecture Market size is expected to reach USD 19.84 billion by 2025 at a 26.0% CAGR during the forecast period, according to a new study by Grand View Research, Inc. Growing demand for economizing operations and increasing profitability has been driving the market. Emergence of cloud technology, coupled with advancements in serverless computing, has further strengthened the market. As the business model of serverless operations is execution based, enterprises can eliminate the cost of provisioning and maintaining the server round the clock. Charges are billed on number of executions, which in turn, reduces cost. Application development processes are a major beneficiary of a serverless architecture. DevOps and ag