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Serverless Computing Market worth $44.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 18, 2024 /PRNewswire/ — The Serverless Computing Market is expected to grow from USD 21.9 billion in 2024 to USD 44.7 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period, according to new research report by MarketsandMarkets™.

Browse in-depth TOC on “Serverless Computing Market “

249 – Tables
49 – Figures
270 – Pages

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Scope of the Report

Report Metrics

Details

Market Size Available For Years

2019–2029 

Base Year Considered

2023

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Segments Covered

Service Type, Service Model, Deployment Mode, Organization Size, Vertical and Region  

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

AWS (US), Microsoft (US), IBM (US), Google (US), Oracle (US), Alibaba Cloud (China), Tencent Cloud (China), Twilio (US), Cloudflare (US), MongoDB (US), Netlify (US), Fastly (US), Akamai (US), Digitalocean (US), Datadog (US), Vercel (US), Spot by NetApp (US), Elastic (US), VMware (US), Backendless (US), Faundb (US), Scaleway (US), 8Base (US), Supabase (US), Appwrite (US).

The expected growth in the global serverless computing market is driven by the increasing adoption of AI and machine learning technologies. The worldwide expansion of serverless computing is largely attributed to the widespread acceptance of these advanced technologies. The demand for serverless (FaaS/BaaS) solutions is expected to increase in verticals like IT, finance and healthcare that are looking at better scalability, operational efficiency and reduced costs through application development. Increased investment in expanded analytics market along with automation technologies is expected to boost the forecasted revenues, thereby augmenting better management of applications and real-time data processing. These advances will support decision-making capabilities, additional resource alignment and enable innovative tools to work across teams. This means that serverless computing will be expanded in the future, mainly due to this service orchestration solution provided by functions becoming more and moreso outside traditional business systems.

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As per service model, the backend-as-a-service (BaaS) will grow at the highest CAGR during the forecast period.

Backend-as-a-service (BaaS) is essential in the serverless computing sector, making backend tasks easier through different managed services. BaaS provides fundamental functionalities like file storage and management, user authentication and management, database management, and push notification delivery. By outsourcing these backend duties to external firms, developers can focus on front-end development and application logic, leading to faster development and decreased operating expenses. This method facilitates smoothly incorporating different backend services, allowing for scalable and effective app development. With organizations looking to improve their development processes, BaaS offers a way to increase flexibility and streamline backend operations in serverless computing.

As per vertical, IT & Telecom holds the largest share during the forecast period.

The IT & telecom industry leads the way in the serverless computing market, utilizing its features to promote innovation and productivity. Serverless computing helps telecom companies improve operations by reducing the need to manage infrastructure and scaling as needed to accommodate changing demands. This vertical sees major advantages from serverless architectures in network function virtualization (NFV), real-time data processing, and content delivery networks (CDNs). Implementing serverless models enables IT & telecom providers to improve service delivery, decrease latency, and optimize resource usage. By incorporating serverless computing into their operations, these businesses can quickly implement new capabilities, uphold high availability, and meet the rising need for digital services, all while cutting operational costs and complexity to stay ahead in a fast-changing tech environment.

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As per region, Asia Pacific will grow at the highest CAGR during the forecast period.

The rapid growth of the serverless computing market in the Asia-Pacific region is due to the quick uptake of cloud technologies, digital transformation projects, and strong tech communities in nations such as China, India, and Japan. This area, with its different economies and levels of technology, is starting to realize more and more the advantages of serverless computing for scalability, cost saving, and speeding up innovation. Effective and economical cloud options are vital in industries like e-commerce, finance, telecommunications, and manufacturing, where serverless designs are improving functions and service provision. However, in addition to the opportunity that challenges such as adhering regulations or where data needs to (or does not need to) reside may provide, there are also level differences of cloud infrastructure readiness across the region.

Companies which provide clouds on a massive scale, AWS, Microsoft Azure and Alibaba Cloud are spending up large in Asia at the moment building data centers right across every country making sure they meet all of these key regulations. Furthermore, governments in the area are pushing for digitization and positive regulatory environments driving interest towards cloud technology as well. Continued digital infrastructure investments and growing adoption of cloud-native technologies in enterprises in Asia-Pacific are expected to drive strong growth in the market for serverless computing, particularly among companies in the digital economy sector.

Top Key Companies in Serverless Computing Market:

Some of the key players operating in the Serverless Computing Market are – AWS (US), Microsoft (US), IBM (US), Google (US), Oracle (US), Alibaba Cloud (China), Tencent Cloud (China), Twilio (US), Cloudflare (US), MongoDB (US), Netlify (US), Fastly (US), Akamai (US), Digitalocean (US), Datadog (US), Vercel (US), Spot by NetApp (US), Elastic (US), VMware (US), Backendless (US), Faundb (US), Scaleway (US), 8Base (US), Supabase (US), Appwrite (US).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Anchanto Selected by CJ Foods Vietnam for Its Order and Inventory Management Software, in Partnership with eGURU

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Anchanto’s Order Management System (OMS) now gives CJ Foods Vietnam a single platform for its marketplace and online sales, built to carry high-volume campaigns as the business grows. 

CJ Foods Vietnam has selected Anchanto’s OMS to run its online sales reliably as it grows on Vietnam’s marketplaces.eGURU, an Anchanto channel partner, operates CJ Foods Vietnam’s online stores, while Anchanto carried out the implementation and both companies provide ongoing support. 

HANOI, Vietnam, Nov. 13, 2026 /PRNewswire/ — CJ Foods Vietnam, part of South Korean food group CJ CheilJedang, has partnered with Anchanto and eGURU, an Anchanto channel partner that runs the food company’s e-commerce stores, to handle its online orders and inventory from one place. CJ Foods Vietnam signed the agreement with Anchanto in April. Anchanto’s team implemented the OMS, which went live in July, and supports CJ Foods Vietnam day to day together with eGURU. 

As CJ Foods Vietnam expanded across several marketplaces and channels, keeping orders, inventory and promotions consistent became more complex. The OMS now aligns inventory levels across channels, sends orders to fulfilment automatically and combines sales reporting. 

Nhan T. Cao, CEO of eGURU, said, “Our brand partners want to grow on Shopee, Lazada, TikTok Shop and their own websites without adding manual work. Adding Anchanto’s OMS to our services means we can run their online operations from one platform, starting with CJ Foods Vietnam. We want to bring the same approach to more consumer goods brands in Vietnam.” 

Tu Linh Tan, eCommerce Manager at CJ Foods Vietnam, added, “We needed one platform to run our online operations reliably at scale. Since going live, our team has had a single view of orders and stock across our channels. For us, success means stable operations during peak campaigns and launching new channels faster. We see the collaboration extending to more channels and more brands as our online business scales.” 

Vaibhav Dabhade, CEO of Anchanto, added, “Vietnam is one of the fastest-moving e-commerce markets we work in, with sales shifting between platforms and evolving rules for online sellers. Our team on the ground knows that market, and we bring what we learn across Asia, Europe and the Middle East to the brands we serve here. We’re proud to support CJ Foods Vietnam, one of the country’s best-known food companies, together with eGURU, in the next phase of its growth.” 

Notes to Editors 

About Anchanto 

Anchanto is a Singapore-headquartered B2B SaaS company providing order management, warehouse management and parcel tracking software to brands, retailers and logistics providers across 12 countries. Its Vietnamese team supports leading local and regional businesses with ISO 27001-certified software and direct integrations to Shopee, Lazada, TikTok Shop and more than 200 other marketplaces, carriers and enterprise systems. 

Media Contact
Name: Charles Py
Title: Chief Marketing Officer, Anchanto
Email: marketing@anchanto.com 
Website: anchanto.com 

 

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ForenScope Releases Two New Crime Scene Evidence Cameras

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Forensic science and crime scene technology has taken another leap into the future. ForenScope has released two new versions of their popular ForenScope SuperSpectral crime scene evidence cameras. GRIMM Forensics is the exclusive reseller of the all-new ForenScope SuperSpectral FORCE and SuperSpectral CORE.

UNION HALL, Va., Nov. 13, 2026 /PRNewswire-PRWeb/ — ForenScope and GRIMM Forensics have officially released two new versions of the popular ForenScope SuperSpectral crime scene camera technology. The all-new ForenScope SuperSpectral FORCE and SuperSpectral CORE include all of the advanced features of earlier SuperSpectral versions with increased image resolution and light intensity.

“The results for bruising and injuries from the SuperSpectral FORCE & CORE are powerful tools for domestic violence and special victims investigations. It is quite simply, remarkable.” Ruth Prillaman, Director, GRIMM Forensics

The SuperSpectral FORCE features an ultra-high resolution 200 megapixel camera combined with interchangeable forensic ring-light attachments.

The SuperSpectral CORE features a high resolution 64 megapixel camera combined with a fixed, multi-purpose forensic ring-light.

Both of the new SuperSpectral models include the same “smart settings” for easily locating Body Fluids, Fingerprints, Blood, Gunshot Residue, Bruising, Strangulation Marks, Bones, Trace Evidence, and Counterfeit Currency.

ForenScope SuperSpectral technology includes basic and advanced settings to accommodate agencies with all levels of expertise. From Detectives and Crime Scene Technicians, to Crime Lab Experts and DNA Scientists, everyone can operate the SuperSpectral technology.

Each ForenScope SuperSpectral features a powerful ring-light with an integrated optical filter wheel with case management software to allow law enforcement agencies the ability to examine and document evidence at the crime scene, office, or laboratory.

The smart settings for Bruising, Bite Marks, Strangulations, and other Injuries are especially valuable for domestic violence and special victims investigations.

There are currently over 100 law enforcement agencies in the U.S. with ForenScope evidence technology.

ForenScope is a forensic technology company based in Istanbul, Türkiye. GRIMM Forensics is the exclusive U.S. reseller of ForenScope. GRIMM Forensics is a Virginia certified small business located in Franklin County, VA.

More information is available from GRIMM Forensics at www.grimmforensics.com

Media Contact

Ruth Prillaman, Crime Scene Plus, 1 (540) 565-0150, info@grimmforensics.com, www.grimmforensics.com 

Twitter, Facebook, LinkedIn

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SOURCE GRIMM Forensics

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SEMIFIVE Secures KRW 178.4 Billion in Q3 New Orders, Up 437% YoY, Driving Order Backlog to Record High

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Achieves 182% QoQ growth in new orders, pushing order backlog to an all-time high of KRW 245.5 billion Drives ASIC Service new orders to KRW 136.9 billion, up 705% YoY, fueled by global turnkey projects in North America Diversifies its advanced-node AI mass production portfolio, strengthening the foundation for long-term growth

SEOUL, South Korea, Nov. 13, 2026 /PRNewswire/ — SEMIFIVE, a leading global provider of custom AI semiconductor (ASIC) solutions, today announced record-breaking order performance for the third quarter of 2026, securing KRW 178.4 billion in new orders and driving its order backlog to an all-time high of KRW 245.5 billion on a consolidated basis.

SEMIFIVE achieved a remarkable 437% year-over-year (YoY) surge in third-quarter new orders, up from KRW 33.2 billion in the same period last year. The quarterly total was approximately 2.8 times the KRW 63.3 billion recorded in the previous quarter, representing a 182% quarter-over-quarter (QoQ) increase, and 1.5 times the company’s total new orders of KRW 118.9 billion for the first half of 2026. Capitalizing on surging global demand for custom ASIC solutions, SEMIFIVE accelerated its expansion into key international markets, including North America and Japan, fueling exceptional order growth.

The company pushed its order backlog to a record KRW 245.5 billion, a 75% increase from KRW 140.3 billion in the previous quarter. As these orders progressively convert into revenue, the expanding backlog is expected to serve as a powerful engine for sustained mid- to long-term growth.

SEMIFIVE generated order growth across all business segments, including ASIC development, mass production, and intellectual property (IP), with its ASIC Service business spearheading overall performance.

SEMIFIVE drove strong growth in its ASIC Service business by securing high-margin advanced-node turnkey projects. Third-quarter new orders in this segment soared 705% YoY to KRW 136.9 billion, compared with KRW 17.0 billion in the same period last year. A major high-performance computing (HPC) project win in North America reinforced the company’s position as a trusted provider of advanced-node turnkey solutions for large global customers. SEMIFIVE has also gained strong traction in the sovereign AI markets of South Korea and Japan, delivering tangible revenue growth.

SEMIFIVE leveraged the maturity of the 4nm process and its proven mass production track record to sharpen its competitive edge. As demand accelerates for AI inference chips built on the cost-effective, high-performance 4nm process, the company is actively capturing new opportunities through its established 4nm design and mass production capabilities.

In mass production, SEMIFIVE continued to secure a steady flow of purchase orders (POs) while accelerating the diversification and advancement of its product portfolio. The company is shifting its portfolio from smaller chips built on legacy process nodes for domestic customers toward advanced-node AI devices and dedicated AI HPC chips. Backed by exclusive mask production rights, stable shipments and an expanding AI mass production portfolio are expected to drive revenue growth beginning in 2027.

SEMIFIVE sustained steady growth in its IP business by securing additional orders for its off-the-shelf, silicon-validated IP offerings. The company supplies silicon-validated IP, originally developed for specific customers, to additional customers, maximizing the value of its proven IP assets. SEMIFIVE is also expanding into leading-edge 2nm and 3nm process technologies and HPC applications. By strengthening its IP portfolio based on Samsung Foundry’s 2nm and 3nm processes, the company aims to unlock additional order opportunities in the high-performance AI semiconductor market.

For the first nine months of 2026, SEMIFIVE recorded cumulative revenue of KRW 146.1 billion, up 62% YoY. Notably, as shipments of high-value AI chips gained momentum, product revenue surged 167% QoQ to KRW 12 billion, up from KRW 4.5 billion in the previous quarter, marking the beginning of a new growth phase. The company also continued to improve profitability, achieving a cumulative gross profit margin of 28%, up 11 percentage points YoY, and improving its operating margin to -14%, up 25 percentage points YoY. Looking ahead, SEMIFIVE expects to accelerate its financial performance in the fourth quarter as its KRW 245.5 billion order backlog begins converting into revenue at a faster pace, supported by increasing mass production volumes.

“Our latest performance proves that SEMIFIVE has entered a new phase of accelerated growth in the global AI ASIC market,” said Brandon Cho, CEO and Co-Founder of SEMIFIVE. “With our record-high order backlog and high-value mass production pipeline serving as powerful turbo engines, we are poised to further accelerate our growth.”

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SOURCE SEMIFIVE

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