North America Function-as-a-service Market Size & Outlook
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North America function-as-a-service market highlights
- The North America function-as-a-service market generated a revenue of USD 5,568.4 million in 2024.
- The market is expected to grow at a CAGR of 25.6% from 2025 to 2030.
- In terms of segment, developer-centric faas was the largest revenue generating type in 2024.
- Operator-Centric FaaS is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 5,568.4 million |
| Market revenue in 2030 | USD 20,926.6 million |
| Growth rate | 25.6% (CAGR from 2025 to 2030) |
| Largest segment | Developer-centric faas |
| Fastest growing segment | Operator-Centric FaaS |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Developer-Centric FaaS, Operator-Centric FaaS |
Other key industry trends
- In terms of revenue, North America region accounted for 37.1% of the global function-as-a-service market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,572.3 million by 2030.
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Function-as-a-Service Market Scope
Function-as-a-Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fiorano | View profile | 11-50 | Palo Alto, California, United States, North America | http://www.fiorano.com/ |
| Red Hat | View profile | 10001+ | Raleigh, North Carolina, United States, North America | http://www.redhat.com |
| Dynatrace Inc Ordinary Shares | View profile | 4700 | 1601 Trapelo Road, Suite 116, Waltham, MA, United States, 02451 | https://www.dynatrace.com |
| Infosys Ltd ADR | View profile | 322663 | 44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, India, 560 100 | https://www.infosys.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| SAP SE ADR | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
North America function-as-a-service market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to function-as-a-service market will help companies and investors design strategic landscapes.
Developer-centric faas was the largest segment with a revenue share of 76.98% in 2024. Horizon Databook has segmented the North America function-as-a-service market based on developer-centric faas, operator-centric faas covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of function-as-a-service market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America function-as-a-service market , including forecasts for subscribers. This continent databook contains high-level insights into North America function-as-a-service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America function-as-a-service market size, by country, 2018-2030 (US$M)
North America Function-as-a-Service Market Outlook Share, 2024 & 2030 (US$M)
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