The serverless market is expected to reach $7.7B by 2021, up from $1.9B in 2016.
Serverless is a new type of computing model that allows organizations to manage only the computing resources they need for each distinct action.
The new computing model removes the need for developers or system admins to manage the infrastructure resources offered by cloud providers. While serverless computing does, in fact, use servers to run applications, it removes the server management and capacity planning aspect of cloud computing. This gives serverless computing its name.