“Rise of Serverless Computing in Microservices and IoT Applications”
- A prominent trend in the Function-as-a-Service market is the increasing adoption of serverless computing for microservices and IoT applications, with the developer-centric FaaS segment projected to reach USD 43.98 billion by 2031, driven by its ability to simplify coding and deployment.
- Public Cloud deployment is estimated to hold the highest market share of 50.0% in 2025, owing to its scalability and cost-effectiveness, with platforms like AWS Lambda and Azure Functions leading adoption.
- For instance, in September 2024, AWS and Oracle partnered to launch Oracle Database@AWS, enhancing FaaS integration for scalable cloud applications.
- This trend is driving demand for event-driven, scalable solutions in real-time data processing and application development.
