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Artificial Intelligence (AI) Code Tools Market Drivers, Demand, Insights 2024-2033: Unveiling Key Factors
Artificial Intelligence (AI) Code Tools Market
As per the report, the artificial intelligence (AI) code tools market size has grown exponentially in recent years. It will grow from $5 billion in 2023 to $6.21 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The artificial intelligence (AI) code tools market size is expected to see exponential growth in the next few years. It will grow to $14.63 billion in 2028 at a compound annual growth rate (CAGR) of 23.8%.
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Role Of AI Code Tools In Accelerating Digital Transformation
Growing digital transformation is expected to propel the growth of the artificial intelligence (AI) code tools market going forward. Digital transformation refers to the process of utilizing digital technologies to fundamentally change how businesses and organizations operate, interact with customers, and deliver value. AI code tools help in digital transformation by streamlining software development processes, expediting innovation, and allowing enterprises to adapt to changing technological environments more quickly. For instance, in May 2022, according to a survey of 13,500 firms by the European Investment Bank, a Luxembourg-based European Union's non-profit development bank that offers long-term project funding, around 58% of American companies reported taking steps to become increasingly digital, compared to 46% of EU businesses. Additionally, the US has a greater percentage of enterprises employing modern digital technologies (66% vs. 61% in the EU). Therefore, growing digital transformation is driving the artificial intelligence (AI) code tools market.
Exploring AI Code Assistants For Enhanced Software Engineering
Major companies operating in the artificial intelligence (AI) code tools market are focused on developing innovative products with advanced technological solutions, such as AI code assistants, to strengthen their position in the market. An AI coding assistant is a complex software tool that uses artificial intelligence (AI) technologies, such as large-language models (LLMs), to help coders write, modify, debug, test, and document code. For instance, in October 2023, International Business Machines Corporation, a US-based technology corporation, launched Watsonx Code Assistant. Watsonx Code Assistant is a generative artificial intelligence assistant that uses natural language prompts to help corporate developers and information technology operators code faster and more precisely. IBM Watsonx Code Assistant is a tool that uses generative AI to speed up code production and improve developer productivity. This application generates code ideas and translations based on natural language instructions, therefore optimizing the software development process.
The artificial intelligence (ai) code tools market covered in this report is segmented -
1) By Offering: Tools, Services
2) By Technology: Machine Learning, Natural Language Processing, Generative Artificial Intelligence
3) By Application: Data Science And Machine Learning, Cloud Services And Devops, Web Development, Mobile App Development, Gaming Development, Embedded Systems, Other Applications
4) By Vertical: Banking Financial Services And Insurance (BFSI), Information Technology And Information Technology Enabled Services, Healthcare And Life Sciences, Manufacturing, Retail And Ecommerce, Telecommunications, Government And Public Sector, Media And Entertainment, Other Verticals
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Major companies operating in the artificial intelligence (ai) code tools market report are Google LLC, Microsoft Corporation, Meta Platforms Inc, Amazon Web Services Inc., The International Business Machines Corporation (IBM), Salesforce Inc., Datadog Inc., JetBrains s.r.o., Snyk, CircleCI, OpenAI, Replit, Moolya, AdaCore, Sourcegraph, Tabnine, Wing IDE (Wingware), Lightning AI, Kodezi, CodeWP, SinCode AB, Enzyme, CodiumAI, MutableAI, Sourcery.AI, Seek AI, SQLAI.ai, Assistiv.ai, Safurai
Contents of the report:
1. Executive Summary
2. Artificial Intelligence (AI) Code Tools Market Report Structure
3. Artificial Intelligence (AI) Code Tools Market Trends And Strategies
4. Artificial Intelligence (AI) Code Tools Market - Macro Economic Scenario
5. Artificial Intelligence (AI) Code Tools Market Size And Growth
…..
27. Artificial Intelligence (AI) Code Tools Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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