Press release
Generative AI In Software Development Lifecycle Global Market Set For Rapid Growth, To Reap Bulk Revenues, Application and Forecast to 2033 | Google LLC, Microsoft Corporation, Alibaba Cloud LLC, Amazon Web Services Inc., Cisco Systems Inc.
Generative AI In Software Development Lifecycle Market
According to The Business Research Company's, The generative AI in software development lifecycle market size has grown exponentially in recent years. It will grow from $0.36 billion in 2023 to $0.50 billion in 2024 at a compound annual growth rate (CAGR) of 38.4%. The growth in the historic period can be attributed to increased demand for automation and efficiency, the need for skilled software developers, increased adoption of digital ads, and increased demand for generative AI-driven content creation and design.
The generative AI in software development lifecycle market size is expected to see exponential growth in the next few years. It will grow to $1.86 billion in 2028 at a compound annual growth rate (CAGR) of 38.8%. The growth in the forecast period can be attributed to the rise in the number of work-from-home, growing digital transformations, increasing spending on big data and analytics, increasing demand for efficient software development, and demand for personalized user experiences. Major trends in the forecast period include advancements in artificial intelligence, agile and iterative development methodologies, generative AI tools, proliferation of open source software, development of generative AI technology, and cloud-based technologies in software development..
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/generative-ai-in-software-development-lifecycle-global-market-report
Market Drivers and Trends:
Increasing demand for automation is expected to propel the growth of the generative AI in software development lifecycle market going forward. Automation refers to using technologies to manufacture and provide goods and services with minimal human involvement. There is a growing demand for automation due to several factors, including the need for increased efficiency, scalability, cost-effectiveness, and reduced errors in various industries and processes. Automation tools powered by generative AI can automatically generate code snippets based on high-level specifications or design patterns. Overall, it enhances the capabilities of generative AI in software development by reducing manual effort and ensuring the delivery of high-quality software solutions. For instance, in January 2022, according to a survey conducted among 600 IT professionals from North America and Europe conducted by Camunda, a Germany-based open-source platform, more than four in five respondents (82%) of the surveyed professionals said process automation is a greater priority for their organization than it was last year. Therefore, the increasing demand for automation is driving the growth of the generative AI in software development lifecycle market.
Major companies operating in the generative AI in software development lifecycle market are focusing on developing innovative solutions, such as generative AI assistants, to enhance software security and drive their revenues in the market. A generative AI assistant refers to an AI-powered tool that aids developers by autonomously generating code snippets, and documentation, or assisting in security analysis, enhancing productivity and efficiency. For instance, in June 2023, Harness Inc., a US-based software delivery platform company, launched the AIDA (AI Development Assistant), a generative AI assistant designed to streamline the software development lifecycle. It was developed to assist developers at every stage of the software development lifecycle, with features such as automatic resolution of build and deployment failures, finding security vulnerabilities and automatically fixing them, and helping control cloud costs using natural language.
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.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15384&type=smp
Major Key Players of the Market:
Google LLC, Microsoft Corporation, Alibaba Cloud LLC, Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Nvidia Corporation, Capgemini SE, Infosys Limited, HCL Technologies Limited, Wipro Limited, Red Hat Inc., Atlassian Corporation Plc, Reply, Thoughtworks Inc., GitHub Inc., C3 AI Inc., Harness Inc., CloudBees Inc., Hugging Face Inc., Replit, Tabnine Ltd.
Generative AI In Software Development Lifecycle Market 2024 Key Insights:
• The generative AI in software development lifecycle market size is expected to see exponential growth in the next few years. It will grow to $1.86 billion in 2028 at a compound annual growth rate (CAGR) of 38.8%.
• The Growing Embrace of Automation Across Industries Is Driving The Generative AI In Software Development Lifecycle Market
• Innovation In Generative AI In Software Development Lifecycle
• North America was the largest region in the generative AI in software development lifecycle market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15384&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Generative AI In Software Development Lifecycle Global Market Set For Rapid Growth, To Reap Bulk Revenues, Application and Forecast to 2033 | Google LLC, Microsoft Corporation, Alibaba Cloud LLC, Amazon Web Services Inc., Cisco Systems Inc. here
News-ID: 3701457 • Views: …
More Releases from The Business research company
Intratumoral Cancer Therapies Industry Report 2025-2034: Market Dynamics, Trends …
The Intratumoral Cancer Therapies Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Intratumoral Cancer Therapies Market Size and Its Estimated Growth Rate?
The market size for intratumoral cancer treatments has seen a significant increase in the past few years. It's predicted to…
Evolving Market Trends In The Insurance Advertising Industry: Insurance Advertis …
The Insurance Advertising Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Insurance Advertising Market Size and Its Estimated Growth Rate?
In recent times, the insurance advertising market has witnessed accelerated expansion. The market size is forecasted to rise from $12.77 billion in…
Rising Prevalence Of Chronic Diseases To Drive Market Growth: Key Factor Driving …
The Infusion Pump Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Infusion Pump Market Size and Its Estimated Growth Rate?
The market size for infusion pumps has significantly expanded in the past few years. The expected growth is from $14.77 billion in…
Industrial Refrigeration Systems Industry Report 2025-2034: Market Dynamics, Tre …
The Industrial Refrigeration Systems Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Industrial Refrigeration Systems Market Size and Its Estimated Growth Rate?
In the past few years, the industrial refrigeration systems market has seen robust growth. The size is forecasted to increase…
More Releases for Generative
Global Generative Design Market: Emerging Trends, Major Key Players Altair and A …
According to the report, Generative Design Market was valued at USD 128.46 Million in 2019 and is projected to reach USD 529.04 Million by 2027, growing at a CAGR of 19.4% from 2020 to 2027.
Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=007081
The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global GENERATIVE DESIGN industry including a look at the current market…
Generative Design Software Market Globally Expected to Drive Growth through 2018 …
The latest research report published by Fact.MR on the Generative Design Software Market is intended to offer reliable data on various key factors shaping the growth curve of the market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders. The segment accounted for a considerable share in the Generative Design Software Market in forecast period…
Generative Design Market - Global Industry Analysis, Share, Growth, Trends and F …
The Global Generative Design Market size is expected to grow at an annual average of 16.3% during 2021-2027. Generative design is a design process in which a program generates a specific number of outputs based on a number of constraints. Designers or engineers can provide customers with countless design options by entering basic parameters such as weight, strength, height and material options. Innovative advances such as 3D printing, machine learning…
Generative Design Market Global Size, Trends and Business Outlook Till 2026
The Global Generative Design Market Research Report 2021-2026 offers an in-depth evaluation of each crucial aspect of the Global Generative Design industry that relates to market size, share, revenue, demand, sales volume, and development in the market. The report analyzes the Generative Design market over the values, historical pricing structure, and volume trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the Generative Design…
Generative Design Market Analysis, Trends, Growth, Size, Share and Forecast 2021 …
The generative design market is expected to grow at a CAGR of 19.4% from 2021 to 2027. Generative Design aims to recreate nature's evolutionary approach in tools such as cloud computing and artificial intelligence (AI). Prominent players in the generative design market are cheering for major improvements in AI software and cloud technology. Engineers can use generative design with these tools to enter basic parameters such as weight, height, material…
Generative Design Market 2019 Growth, COVID Impact, Trends Analysis Report 2025
The Generative Design Market size is expected to grow at an annual average of 18.9% during 2019-2025. Generative design refers to an iterative design process involving different software that allows the user to create a product design that is more finely tuned by the user to create the actual product design. The growth of the generative design market is greatly influenced by the introduction of various product design courses in…
