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Artificial Intelligence (AI) Augmented Software Engineering Global Market Report 2024 by The Business Research Company | Alphabet Inc.; Meta Platforms Inc.; Amazon Web Services Inc.; Intel Corporation; International Business Machines Corporation; Oracle C
Artificial Intelligence (AI) Augmented Software Engineering Market Trends
The artificial intelligence (AI) augmented software engineering market size is expected to see exponential growth in the next few years. It will grow to $4.68 billion in 2028 at a compound annual growth rate (CAGR) of 46.6%. The growth in the forecast period can be attributed to increasing investment in AI technologies, growing adoption of cloud computing, ongoing emphasis on digital transformation initiatives, and an and an increasingly competitive business environment. Major trends in the forecast period include technological advancements in AI and machine learning capabilities, integrating AI technologies into various stages of the software development lifecycle, advancements in natural language processing (NLP) technologies, AI-powered testing tools and platforms, and adopting AI-based code analysis tools.
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Artificial Intelligence (AI) Augmented Software Engineering Market Major Segments
The artificial intelligence (ai) augmented software engineering market covered in this report is segmented -
1) By Component: Machine Learning, Deep Learning, Other Components
2) By Tool: Conversational AI Models, Autonomous Testing Tools, AI-Based Debugging Tools, Other Tools
3) By Use: Creating Code, Bug Fixing, Software Testing, Other Uses
4) By End User: Software Development Companies, Startups, Independent Developers, Government Organizations, Research And Academic Institutions, Other End-Users
Key Driver - Cloud Computing's Influence On The AI-Augmented Software Engineering Market
The rise of cloud computing is expected to propel the artificial intelligence (AI)-augmented software engineering market going forward. Cloud computing refers to delivering services over the internet to offer faster innovation, flexible resources, and economies of scale. The rise in cloud adoption is due to its scalability, cost-effectiveness, flexibility, and accessibility, which empower businesses to streamline operations and innovate faster. AI-augmented software engineering is increasingly employed in cloud computing to automate development processes, optimize resource allocation, and enhance efficiency. For instance, in December 2023, according to a report published by Eurostat, the Luxembourg-based statistical office of the European Union, 45.2% of EU enterprises had purchased cloud computing services in 2023. This marked a 4.2 percentage point increase compared to 2021. Therefore, the rise of cloud computing drives the growth of the artificial intelligence (AI)-augmented software engineering market.
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Prominent Trend - Rise Of Autonomous AI Software Engineers
Major companies operating in the artificial intelligence (AI)-augmented software engineering market are focusing on developing code generation and assistance tools such as autonomous AI software engineers, to streamline development processes, enhance productivity, and tackle complex tasks with unprecedented efficiency and precision. Autonomous AI software engineers are advanced artificial intelligence systems capable of independently performing various software engineering tasks, from coding and debugging to project planning and deployment, with minimal human intervention. For instance, in March 2024, Cognition Corporation, a US-based technology company specializing in developing advanced artificial intelligence (AI) solutions, launched Devin, an autonomous AI software engineer. Devin is designed to handle entire development projects independently, utilizing advanced long-term reasoning to plan and execute complex tasks autonomously. It operates with its shell, code editor, and web browser, capable of learning new technologies, building and deploying apps, debugging code, and training AI models. Devin is positioned as a groundbreaking solution in AI-assisted development to revolutionize the software engineering landscape by providing unprecedented efficiency and precision.
Artificial Intelligence (AI) Augmented Software Engineering Market Players
Major companies operating in the artificial intelligence (AI) augmented software engineering market report are Alphabet Inc.; Meta Platforms Inc.; Amazon Web Services Inc.; Intel Corporation; International Business Machines Corporation; Oracle Corporation; SAP SE; NVIDIA Corporation; Salesforce.com Inc.; Cognizant Technology Solutions Corporation; Baidu Inc; Adobe Inc.; Infosys Limited; Alibaba Cloud; HCL Technologies Limited; Wipro Limited; Palantir Technologies Inc.; OpenAI; DeepMind Technologies Limited ; DataRobot Inc.; LeewayHertz Technologies Pvt. Ltd.; eSparkBiz Technologies Pvt. Ltd.; Markovate Inc.; DataToBiz Pvt. Ltd.; Nettyfy Technologies Pvt. Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the artificial intelligence (AI) augmented software engineering market in 2023. The regions covered in the artificial intelligence (AI) augmented software engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence (AI) Augmented Software Engineering Market Report Structure
3. Artificial Intelligence (AI) Augmented Software Engineering Market Trends And Strategies
4. Artificial Intelligence (AI) Augmented Software Engineering Market - Macro Economic Scenario
5. Artificial Intelligence (AI) Augmented Software Engineering Market Size And Growth
…..
27. Artificial Intelligence (AI) Augmented Software Engineering Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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