Prepared for Deepa G. | Delivered May 21, 2021
Serverless Development Market Analysis
Review your project details
To provide market research in the serverless development space to include detailed insights such as:
Trends in the serverless development space.
The size of the serverless development market.
Specific insights about Twilio Serverless Functions & Assets (Twilio Runtime).
Data findings would include information for comparable products, usage of top products, company and industry analysis, SWOT analysis, and demographic analysis, as available.
The initial research did not reveal any publicly available information for the market size/analysis of the serverless development space. However, there is a wealth of information for the serverless computing market and serverless architecture market. This research will address the serverless architecture market as a proxy for market size due to its seemingly closer bearing on the topic.
Serverless Architecture Market Size
The serverless architecture market was valued at
in 2020 and is expected to grow to
by 2025 at a CAGR of
Growth in the serverless architecture market is due to the increasing demand for software that allows for
without the corresponding infrastructure management. "The software helps eliminate the use of a physical or virtual server, thereby reducing the traditionally
for setting up a server and connecting it with a database."
Key Players in this space include Amazon Web Services Inc., IBM Corporation,
, Microsoft Corporation, Oracle Corporation, Twilio Functions, and Alibaba Group Holding Limited.
Some trends in the serverless space include serverless expansion into hybrid IT,
improvements in serverless security
, standardization of serverless applications, and
serverless evolution beyond Faas
Top Serverless Platforms
The top five serverless platforms include AWS Lambda, Google Cloud Functions + Firebase, Microsoft Azure,
, and IBM Bluemix/OpenWhisk.
AWS Lambda - Serverless Computing
AWS Lambda is an AWS serverless computing service that is relevant for on-demand applications developed using "Python,
, Java, Go, and C#."
It is considered the
for Node.js development.
Software tools that can be integrated with AWS Lambda include
, CircleCI, and InVisionApp.
Google Cloud Functions + Firebase
Google Cloud Functions is mainly used for event-driven serverless development. It works by "connecting the
to the Google Cloud Platform, setting up triggers that will activate responses to user actions and application changes."
Use cases for this serverless platform include Lucille Games and
The serverless architecture market was worth $7.6 billion in 2020 and will see increased growth until 2025.
AWS Lambda is considered the ultimate for Node.js development.
The market analysis could be expanded to consider the serverless computing market. Also, the initial research used a global focus. Please indicated any related changes/preferences in the comments box below.