The Asia Pacific Serverless Architecture Market is expected to witness market growth of 27.5% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Serverless Architecture Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.49 billion by 2031. The Japan market is registering a CAGR of 26.7% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 28.3% during 2024-2031.
Continuous Integration (CI) and Continuous Deployment (CD) are essential practices for modern software development. Serverless platforms simplify setting up and running CI/CD pipelines by providing scalable infrastructure that can automatically run tests, build processes, and deploy code without requiring dedicated server resources. This reduces overhead costs and ensures quicker time-to-market for new features and updates.
The increasing demand for more cost-effective, scalable, and flexible computing solutions has accelerated the adoption of this architecture. As businesses strive to streamline their IT infrastructure and reduce operational costs, serverless computing offers a compelling proposition. This architecture is inherently cost-efficient because it operates on a pay-as-you-go pricing model.
The growth of India’s banking and fintech sectors, alongside China’s expanding software and IT services industry, is driving significant demand for modern, scalable, and cost-effective technological solutions. As these sectors scale, they require infrastructure that can support rapid growth and the increasing complexity of digital services. With its flexibility, scalability, and cost efficiency, this architecture is becoming a key enabler of digital transformation in both countries. India’s banking sector, with its robust growth in bank accounts (from 53% to 78% between FY 16 and FY 21) and extensive branch network, is undergoing a significant digital transformation. The need for secure, scalable, and flexible IT systems is accelerating. China’s software and IT services industry saw impressive growth in 2023, generating 12.33 trillion yuan in business revenues, a 13.4% year-on-year increase. The increasing demand for software services and digital transformation across sectors drives this surge in revenue. Thus, the rise of fintech and banking in India, combined with China’s booming software and IT services sector, drives the need for scalable, flexible, and cost-efficient IT solutions.
The China market dominated the Asia Pacific Serverless Architecture Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.49 billion by 2031. The Japan market is registering a CAGR of 26.7% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 28.3% during 2024-2031.
Continuous Integration (CI) and Continuous Deployment (CD) are essential practices for modern software development. Serverless platforms simplify setting up and running CI/CD pipelines by providing scalable infrastructure that can automatically run tests, build processes, and deploy code without requiring dedicated server resources. This reduces overhead costs and ensures quicker time-to-market for new features and updates.
The increasing demand for more cost-effective, scalable, and flexible computing solutions has accelerated the adoption of this architecture. As businesses strive to streamline their IT infrastructure and reduce operational costs, serverless computing offers a compelling proposition. This architecture is inherently cost-efficient because it operates on a pay-as-you-go pricing model.
The growth of India’s banking and fintech sectors, alongside China’s expanding software and IT services industry, is driving significant demand for modern, scalable, and cost-effective technological solutions. As these sectors scale, they require infrastructure that can support rapid growth and the increasing complexity of digital services. With its flexibility, scalability, and cost efficiency, this architecture is becoming a key enabler of digital transformation in both countries. India’s banking sector, with its robust growth in bank accounts (from 53% to 78% between FY 16 and FY 21) and extensive branch network, is undergoing a significant digital transformation. The need for secure, scalable, and flexible IT systems is accelerating. China’s software and IT services industry saw impressive growth in 2023, generating 12.33 trillion yuan in business revenues, a 13.4% year-on-year increase. The increasing demand for software services and digital transformation across sectors drives this surge in revenue. Thus, the rise of fintech and banking in India, combined with China’s booming software and IT services sector, drives the need for scalable, flexible, and cost-efficient IT solutions.
List of Key Companies Profiled
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Cisco Systems, Inc.
- Datadog, Inc.
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Dynatrace, Inc.
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
- NTT Data Corporation
- Alibaba Cloud (Alibaba Group Holding Limited)
- Cloudflare, Inc.
- Vercel Inc.
Market Report Segmentation
By Organization Size- Large Enterprise
- SME
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Automation & Integration
- API Management
- Monitoring
- Security
- Support & Maintenance
- Training & Consulting
- Other Services
- BFSI
- Retail & Ecommerce
- Media & Entertainment
- Telecom & IT
- Government & Public
- Healthcare & Life Sciences
- Manufacturing
- Other Vertical
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Serverless Architecture Market by Organization Size
Chapter 6. Asia Pacific Serverless Architecture Market by Deployment
Chapter 7. Asia Pacific Serverless Architecture Market by Services
Chapter 8. Asia Pacific Serverless Architecture Market by Vertical
Chapter 9. Asia Pacific Serverless Architecture Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Cisco Systems, Inc.
- Datadog, Inc.
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Dynatrace, Inc.
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
- NTT Data Corporation
- Alibaba Cloud (Alibaba Group Holding Limited)
- Cloudflare, Inc.
- Vercel Inc.
Methodology
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