Serverless Architecture Market Size

Serverless Architecture Market Size

Serverless Architecture Market size exceeded USD 9 billion in 2022 and is projected to expand at over 25% CAGR from 2023 to 2032. Rising adoption of DevOps will positively influence the industry growth. Over the last decade, organizations have ramped up the adoption of DevOps to efficiently deliver software-based services. Serverless computing plays a crucial role in this context as it enables the migration of computing infrastructure on the cloud.

It also allows DevOps operations to streamline and optimize development processes. Such cross-platform integration capabilities of serverless architecture are enticing companies seeking application development. Growing scalability needs across operation processes such as scaling, provisioning, clustering, and patching will pave the way for serverless cloud computing tools.

Critical risks to impede adoption of serverless architecture

Digital characteristics of serverless architecture pose a considerable risk associated with increased attack surface complexity. The architecture may also showcase dependency on third-party vendors and witness insecure application storages with deployment configuration issues. Third-party dependencies and the dearth of a robust security framework add to the cybersecurity concerns of users. Moreover, maintenance and storage of sensitive application databases such as APIs and encryption keys in serverless architecture is highly complex and could lead to inadequate functional abilities.