United Kingdom Function as a Service (FaaS) Market Size, Share, and COVID-19 Impact Analysis, By Type (Developer-Centric and Operator-Centric), By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), and United Kingdom Function as a Service (FaaS) Market Insights, Industry Trend, Forecasts to 2035

United Kingdom Function as a Service (FaaS) Market Insights Forecasts to 2035

• The United Kingdom Function as a Service (FaaS) Market Size Was Estimated at USD 698.62 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 25.01% from 2025 to 2035
• The United Kingdom Function as a Service (FaaS) Market Size is Expected to Reach USD 8136.61 Million by 2035

According to a research report published by Spherical Insights and Consulting, The United Kingdom Function as a Service (FaaS) Market Size is anticipated to reach USD 8136.61 Million by 2035, growing at a CAGR of 25.01% from 2025 to 2035. The increasing demand for scalable cloud solutions, cost-effectiveness, rapid application development, the expansion of serverless computing use, and the requirement for agile, event-driven architectures across industries

Market Overview

The United Kingdom function as a service (FaaS) market refers to the industry growing sector of cloud computing that lets programmers run code in reaction to events without having to worry about server management.  It enables rapid application setup, lower operating expenses, and automatic scaling.  FaaS is suited for modern, agile software development in a variety of industries, including information technology, retail, healthcare, and finance, given that it supports microservices architecture and dynamic workloads. The increasing use of microservices and the demand for accessible, scalable cloud solutions.  Event-driven computing is growing more and more commonplace as companies move to serverless architectures.  Furthermore, the emergence of edge computing, IoT integration, and AI-based automation presents additional opportunities for FaaS providers to offer innovative products that are suited for evolving developer and enterprise requirements. The enhanced real-time data processing, multi-cloud deployment support, and interaction with AI and machine learning. More advanced debugging tools, more security, and better cold-start performance are being worked on by providers, making serverless computing more intelligent, scalable, and efficient for an assortment of corporate applications.

Report Coverage

This research report categorizes the market for the United Kingdom function as a service (FaaS) market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom function as a service (FaaS) market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom function as a service (FaaS) market.

Driving Factors

The rapid adoption of cloud computing and the rising need for accessible, event-driven, and scalable IT infrastructure.  FaaS is being used by businesses more and more to boost deployment agility, streamline operations, and speed up application development.  The market is expanding due to the move toward DevOps procedures and microservices architecture.  FaaS adoption is further aided by the requirement for real-time data processing, integration with IoT and AI technologies, and support for multi-cloud environments.  Businesses from an array of industries, including retail, healthcare, and finance, are embracing FaaS to facilitate innovation, automation, and faster digital transformation procedures.

Restraining Factors

The concerns with vendor lock-in, data security, and restricted backend infrastructure control.  Adoption is further hampered by issues with debugging, cold-start latency, and data protection compliance, particularly for businesses that manage sensitive data or require high-performance, always-on computing environments.

Market Segmentation

The United Kingdom Function As A Service (Faas) Market Share is classified into type and deployment model.

• The developer-centric segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The United Kingdom function as a service (FaaS) market is segmented by type into developer-centric and operator-centric. Among these, the developer-centric segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth can be attributed to rising emphasis on accessible, scalable cloud solutions and increased demand for rapid application deployment are major factors driving the UK FaaS market's expansion, particularly among startups and businesses undertaking digital transformation.

• The public cloud segment accounted for the largest revenue in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom function as a service (FaaS) market is segmented by deployment model into public cloud, private cloud, and hybrid cloud. Among these, the public cloud segment accounted for the largest revenue in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by increasing demand for hybrid cloud models that provide flexibility, data control, and smooth connection with current on-premise infrastructure, in addition to growing acceptance of public cloud services due to their scalability and cost.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom function as a service (FaaS) market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Telerik
• Infosys Limited
• Preforce Software, Inc.
• VMware, Inc.
• Oracle
• IBM
• Microsoft Azure
• Google LLC
• Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments:

•    In November 2024, Microsoft introduced new capabilities for serverless development tailored to the UK market. They announced enhancements including rapid cold starts, dynamic scaling, improved security, and added support for .NET 9 and C13 in the isolated worker model all designed for demanding, enterprise grade workloads

Market Segment

This study forecasts revenue at UK, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom function as a service (FaaS) market based on the below-mentioned segments:

United Kingdom Function as a Service (FaaS) Market, By Type

• Developer-Centric
• Operator-Centric

United Kingdom Function as a Service (FaaS) Market, By Deployment Model  

• Public Cloud
• Private Cloud
• Hybrid Cloud