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Global Static Code Analysis Software Market Overview 2033 : Forecasted Market Size And Growth Rate
Static Code Analysis Software Global Market Report 2024
According to The Business Research Company's, The static code analysis software market size has grown steadily in recent years. It will grow from $1.06 billion in 2023 to $1.10 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to growing importance of security and quality of code, rising popularity of cloud-based static code analysis software, increased focus on cybersecurity measures, demand for efficient debugging tools, emphasis on code reliability and efficiency.
The static code analysis software market size is expected to see steady growth in the next few years. It will grow to $1.28 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to integration of static code analysis into devops practices, growing emphasis on secure coding practices, expansion of IoT devices requiring secure coding practices, demand for scalable and cost effective software solutions, focus on enhancing software development productivity. Major trends in the forecast period include integration of AI for more advanced threat detection capabilities, increased focus on real time code analysis solutions, adoption of hybrid cloud-based static code analysis platforms, emphasis on user friendly and intuitive static code analysis tools, rise in demand for industry-specific static code analysis solutions.
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Market Drivers and Trends:
The rise of the internet of things (IoT) is expected to propel the growth of the static code analysis software market going forward. The internet of things (IoT) refers to a network of interconnected devices embedded with sensors, software, and connectivity capabilities. The rise in IoT is due to the proliferation of high-speed internet and the development of wireless communication protocols. Static code analysis software helps IoT developers ensure compliance with industry standards, regulations, and best practices. For instance, in August 2022, according to Akamai Technologies Inc., a US-based internet company, IoT connections are expected to increase from 15.1 billion in 2021 to 23.3 billion IoT connections by 2025. Therefore, the rise of the Internet of Things (IoT) is driving the growth of the static code analysis software market.
Major companies operating in static code analysis software are developing innovative solutions such as Qodana to increase their profitability in this market. Qodana is a smart code quality platform that supports over 60 languages, such as Java, JavaScript, Python, and more, allowing developers to analyze code integrity before reviews and testing. For instance, in July 2023, JetBrains s.r.o., a Czech-Republic-based software company, launched Qodana, a static code analysis software platform. This aims to enhance software development processes by providing a smart code quality platform that unifies diverse technological environments. It also aims to streamline processes, enhance scalability and flexibility, and improve GitHub workflow integration, ensuring clean and manageable code bases from the onset to maintain high code quality standards.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Google LLC, Microsoft Corporation, International Business Machines Corporation, Synopsys Inc, Micro Focus, Checkmarx, Veracode, JetBrains s.r.o, Perforce Software Inc, Rogue Wave Software Inc, SonarSource SA, Idera Inc, Parasoft, WhiteHat Security, GrammaTech, CAST Corporation, Embold Software Private Limited, RIPS Technologies, Codeplex Software Development Pty Ltd, Coverity, Clang Static Analyzer, Codacy, CodeScene AB
Static Code Analysis Software Market 2024 Key Insights:
• The static code analysis software market size is expected to see steady growth in the next few years. It will grow to $1.28 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%.
• The Boom Of IoT Growth On The Static Code Analysis Software Market
• Innovation In Static Code Analysis Software Market And The Emergence Of Qodana By JetBrains
• Asia Pacific was the largest region in the static code analysis software market in 2023
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