The US market dominated the North America 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 $14.12 billion by 2031. The Canada market is experiencing a CAGR of 28.2% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 27.3% during 2024-2031.
In recent years, cloud computing has significantly transformed how organizations deploy, manage, and scale applications. Among the most groundbreaking innovations in cloud computing is the emergence of this architecture, a model that allows developers to focus on writing and deploying code without the need to manage the underlying infrastructure.
In addition, this architecture is widely adopted across various industries due to its ability to significantly reduce operational costs and streamline application deployment. This model is particularly beneficial for applications requiring high scalability, flexibility, and quick iterations. One of the most significant applications of this architecture is in developing and deploying microservices and APIs.
The growing e-commerce sectors in Canada and Mexico create substantial opportunities for various technology markets, including this market. As retail industries in both countries expand, driven by higher e-commerce sales, businesses in these regions increasingly turn to scalable, efficient, and cost-effective cloud solutions like this architecture. This market growth is largely influenced by the need for businesses to enhance their digital capabilities, streamline operations, and optimize costs. This surge in e-commerce activity drives the demand for serverless solutions as businesses seek to scale their infrastructure without the complexities and costs of traditional server setups. This concentration of power means that large retailers are investing heavily in technology to maintain competitive advantages. Walmart and other large retailers in Mexico will likely adopt this architecture to handle the increasing digitalization of their operations, from inventory management to customer experience enhancements. Thus, the rise of e-commerce in Canada and Mexico fosters an environment conducive to adopting this architecture.
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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
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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