Function-as-a-Service (FaaS) Market to Surpass US$68.4 Billion by 2030, Driven by Cloud-Native and Edge Computing Surge
Industry Experts, Inc. today introduces " Global Function-as-a-Service (FaaS) Market - Deployment Types, User Types, Company Types and Industry Sectors," forecasting the market to surge from US$16.2 billion in 2024 to US$68.4 billion by 2030 at a CAGR of 27.1%. The report highlights the shift to cloud-native, event-driven architectures, powered by microservices, Kubernetes orchestration and DevOps, alongside the rise of edge computing for ultra-low latency in AR/VR, autonomous vehicles and real-time analytics. North America leads with 36.4% of revenues in 2024, fueled by early adoption of AWS Lambda, Azure Functions and Google Cloud Functions and mature DevOps cultures. Europe follows on strong enterprise cloud-native uptake in finance and telecom. Asia-Pacific is the fastest-growing region at a 33.9% CAGR through 2030, driven by digital transformation across China, India and Southeast Asia. South America grows at 29.6% and Rest of World at 28.0% as cloud-nativ...