• 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.

Data Availability

• 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 $7.6 billion in 2020 and is expected to grow to $21.1 billion by 2025 at a CAGR of 22.7%.
• Growth in the serverless architecture market is due to the increasing demand for software that allows for app development without the corresponding infrastructure management. "The software helps eliminate the use of a physical or virtual server, thereby reducing the traditionally time-consuming process for setting up a server and connecting it with a database."
• Key Players in this space include Amazon Web Services Inc., IBM Corporation, Google LLC, 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 (function-as-a-service).

Top Serverless Platforms

• The top five serverless platforms include AWS Lambda, Google Cloud Functions + Firebase, Microsoft Azure, Alibaba Functions, 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, Node.js, Java, Go, and C#."
• It is considered the ultimate for Node.js development.
• Software tools that can be integrated with AWS Lambda include Asana, CircleCI, and InVisionApp.

Google Cloud Functions + Firebase

• Google Cloud Functions is mainly used for event-driven serverless development. It works by "connecting the developer's code 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 Smart Parking.

Summary

• 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.