Press release
Key Software Development AI Market Trend for 2025-2034: Introducing Autonomous AI Software Developer To Transform Software Development With AI Autonomy
Software Development AI Market Size
The AI market for software development has witnessed substantial expansion in the past years. From a valuation of $0.45 billion in 2024, it's projected to elevate to $0.56 billion in 2025, recording a compound annual growth rate (CAGR) of 24.6%. The escalating demand for automation within software development procedures, an intensified complexity of software development assignments, the appeal of cost reduction and efficacy enhancements, as well as a rising emphasis on quality assurance are factors contributing to the growth witnessed in the historical period.
Anticipated to witness substantial growth in the coming years, the software development ai market is projected to expand to $1.34 billion by 2029, boasting a compound annual growth rate (CAGR) of 24.3%. Several factors such as the rise in the implementation of DevOps practices, an increasing focus on cybersecurity and regulatory compliance, availability of proficient AI specialists, and a surge in industry-specific solutions contribute to this anticipated growth. Key trends likely to surface during the forecast period involve progressions in AI technologies, advancements in AI algorithms, the incorporation of AI technologies across different phases of the software development lifecycle (SDLC), expansion of edge computing and IoT devices, and the combination of AI and analytics capabilities.
What Is Stimulating Growth in the Software Development AI Market?
The software development AI market is forecasted to accelerate due to the increased uptake of the Internet of Things (IoT). IoT is a network comprising physical objects and various items equipped with sensors, software, and other technologies. These allow for connectivity and data exchange with other devices and systems via the Internet. The efficiency improvements, convenience enhancement, and data-driven decision-making capabilities it offers are the reasons behind its increasing adoption across multiple industries. It benefits software development through real-time data gathering and analysis, which leads to intelligent and quicker applications. AI complements software development procedures by automating tasks, fine-tuning algorithms, and improving decision-making capabilities, thereby fostering efficiency and innovation. For example, a report from Telefonaktiebolaget LM Ericsson, a telecommunications company based in Sweden, revealed that global IoT connections hit 15.7 billion in September 2023, and this figure is estimated to rise by 16% to 38.9 billion connections by 2029. In turn, the increasing implementation of the IoT is fueling the expansion of the software development AI market.
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Which Key Market Leaders Are Driving Software Development AI Industry Growth?
Major companies operating in the software development AI market are Amazon.com Inc., Apple Inc., Alphabet Inc., Microsoft Corporation, Meta Platforms Inc., Intel Corporation, International Business Machines Corporation, SAP SE, NVIDIA Corporation, Salesforce.com Inc., Fair Isaac Corporation (FICO), SenseTime Group Limited, Appier Inc., Anki Inc., Talentica Solutions Pvt. Ltd., OrCam Technologies Ltd., LeewayHertz Technologies Pvt. Ltd., eSparkBiz Technologies Pvt. Ltd., Kindred Systems Inc., InData Labs LLC, AIBrain Inc., Markovate Inc., Azumo LLC, Nettyfy Technologies Pvt. Ltd.
What Are the Emerging Trends in the Software Development AI Industry?
Leading firms in the AI market for software development are centering their efforts on creating innovative solutions like autonomous AI software developer to carve out a competitive advantage in the industry. An Autonomous AI software developer is a tool or system that applies AI and ML technologies to automate the creation, design, and development of other AI-powered software applications or solutions. For example, in March 2024, Microsoft Corporation, a technology company based in the US, introduced AutoDev, a self-driving AI software development framework that incorporates AI in various tasks such as code generation, testing, and version control operations. AutoDev, which offers flexible prompts, automated test case production, improved code quality, and AI agent collaboration, is designed to make software development processes more efficient, ensure security through Docker container encapsulation, and achieve impressive success rates in software engineering task automation.
What Are the Main Segments in the Software Development AI Market?
The software development ai market covered in this report is segmented -
1) By Programming Languages: Python, R, Lisp, Prolog, Java, Other Programming Languages
2) By Approaches: Natural Language Processing Techniques, Neural Networks, Fuzzy Logic, Ant Colony Optimization (ACO), General Algorithm, Tabu Search, Bee Colony, Data Mining, Other Approaches
3) By Development Phases: Planning, Knowledge Acquisition And Analysis, System Evaluation
4) By Application: Expert System, Project Management, Other Applications
Subsegments:
1) By Python: AI Libraries (TensorFlow, PyTorch, Keras), Machine Learning Frameworks, Deep Learning Models
2) By R: Statistical Computing Libraries, Data Analysis Tools, Machine Learning And Predictive Modeling Libraries
3) By Lisp: Symbolic AI Applications, Expert Systems, AI Algorithms
4) By Prolog: Logic Programming For AI, Knowledge Representation Systems, Rule-Based Systems
5) By Java: AI And Machine Learning Libraries (Deeplearning4j, Weka), Natural Language Processing (NLP) Tools, Predictive Analytics Models
6) By Other Programming Languages: C++ For AI (Computer Vision), JavaScript For AI (TensorFlow.js), Julia For High-Performance AI, MATLAB For Data Science And AI
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Which Geographic Area Leads the Software Development AI Market?
North America was the largest region in the software development AI market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software development ai market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Software Development AI Global Market Report?
- Market Size Analysis: Analyze the Software Development AI Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Software Development AI Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Software Development AI Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Software Development AI Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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