Serverless architecture has increased in recent years, and is anticipated to grow by nearly 25% over the next decade, According to one source, the serverless architecture market was worth over $9 billion in 2022, with its compound annual growth rate projected to increase. The market could be worth over $90 billion by 2032. This indicates the immense amount of potential that this industry carries, influenced by the increasing adoption of DevOps by organizations.

Time, cost, and quality – hitting this trifecta is the ultimate goal of any software organization. Its pursuit over decades has resulted in multiple application development methodologies like serverless computing, an emerging and popular cloud computing model touted as the future. Nearly 70% of organizations will increase their usage of serverless computing by 2025.

The popularity of serverless architectures continues to grow as organizations seek ease of scalability and to eliminate the need to provision and manage infrastructure. In fact, in our most recent State of Serverless report, we found that more than half of our customers have adopted serverless technologies offered by Azure, Google Cloud, and AWS.

Serverless computing brings a highly efficient way to deploy applications and run software on demand. Testament to that is the fact that serverless application adoption is increasing significantly over the years, with at least 1 in 5 organizations using FaaS (Function as a Service) in major Cloud providers such as Amazon, Azure & GCP.