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The global serverless architecture market is expected to grow at a rapid pace in the forecast period (2024-2031), driven by the advantages it offers to developers such as swift setup procedures and streamlined operational management. The market is segmented by deployment (public cloud, private cloud, and hybrid cloud) and end-user (BFSI and IT and telecommunications). The proliferation of cloud-based technologies and the convenience of third-party vendors offering server component management services are also contributing to the market’s growth.