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Global Artificial Intelligence (AI) Augmented Software Engineering Market Projected to Surpass $21.49 Billion by 2029 with 46.5% Annual Growth
Artificial Intelligence AI Augmented Software Engineering Market
The boom of cloud computing is anticipated to accelerate the growth of the artificial intelligence (AI)-enhanced software engineering market in the forthcoming years. Cloud computing, which involves the provision of services via the internet, promotes rapid innovation, flexible resources, and cost savings. The escalating adoption of cloud computing can be attributed to its scalability, cost-effectiveness, flexibility, and accessibility, enabling corporations to simplify operations and expedite innovation. AI-enhanced software engineering is becoming more prevalent in cloud computing, where it is used to automate development procedures, optimize resource distribution, and boost efficiency. As per a report released by Eurostat, the statistical department of the European Union based in Luxembourg, in December 2023, 45.2% of EU enterprises purchased cloud computing services in 2023, a rise of 4.2 percentage points from 2021. Thus, the escalating utilization of cloud computing fuels the expansion of the artificial intelligence (AI)-enhanced software engineering market.
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How will the growth rate of the artificial intelligence (ai) augmented software engineering market shape industry trends by 2034?
There has been a massive expansion in the size of the artificial intelligence (AI) augmented software engineering market in recent times. An expected escalation from $3.18 billion in 2024 to $4.67 billion in 2025 with a compound annual growth rate (CAGR) of 46.9% is predicted. Factors contributing to the growth during the historic period include burgeoning needs for efficient software development procedures, escalating intricacy of software systems, broad acceptance of agile and devOps methodologies, the ever-increasing use of AI in various sectors, along with a heightened comprehension of the advantages of AI-enhanced software engineering among businesses.
The market for AI-enhanced software engineering is predicted to experience a massive surge in the coming years, expanding to a size of $21.49 billion by 2029 with a CAGR of 46.5%. This projected growth during the forecast period can be attributed to factors such as rising investments in AI technology, increased reliance on cloud computing, continued focus on initiatives for digital transformation, and a progressively competitive business scenario. Key trends during this period include further development in AI and machine learning technology, the integration of AI into various phases of software development life cycle, advancements in NLP technology, introduction of AI-driven testing tools and platforms, and the uptake of AI-based code analysis tools.
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What are the emerging trends shaping the future of the artificial intelligence (ai) augmented software engineering market?
Leading enterprises in the AI-modified software engineering market are increasingly focusing on creating autonomous AI software engineer tools and code generation aids, offering a streamlined development process, increased productivity, and the ability to carry out complex tasks with exceptional precision and efficiency. Autonomous AI software engineers are sophisticated AI systems that independently undertake a range of software engineering tasks, from coding and debugging to planning and deploying projects, all with minimal human interaction. For example, in March 2024, the American technology firm Cognition Corporation, which specializes in developing state-of-the-art AI solutions, introduced Devin, an autonomous AI software engineer. Devin has been programmed to manage entire development projects on its own, applying advanced long-term logic to plan and complete complex tasks independently. Equipped with its own shell, code editor and web browser, Devin can learn new technologies, build and deploy apps, debug code, and train AI models. With its groundbreaking capabilities in AI-assisted programming, Devin promises to reshape the software engineering industry by offering unparalleled precision and efficiency.
Which primary segments of the artificial intelligence (ai) augmented software engineering market are driving growth and industry transformations?
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
Subsegments:
1) By Machine Learning: Supervised Learning, Unsupervised Learning, Reinforcement Learning
2) By Deep Learning: Convolutional Neural Networks (CNNs), Recurrent Neural Networks (RNNs), Generative Adversarial Networks (GANs)
3) By Other Components: Natural Language Processing (NLP), Knowledge Graphs, Automated Code Generation Tools
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Which geographical regions are pioneering growth in the artificial intelligence (ai) augmented software engineering market?
North America was the largest region in the artificial intelligence (AI) augmented software engineering market in 2024. 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.
Who are the influential players reshaping the artificial intelligence (ai) augmented software engineering market landscape?
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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What Is Covered In The Artificial Intelligence (AI) Augmented Software Engineering Global Market Report?
• Market Size Forecast: Examine the artificial intelligence (ai) augmented software engineering market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence (ai) augmented software engineering market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence (ai) augmented software engineering market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence (ai) augmented software engineering market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence (ai) augmented software engineering market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence (ai) augmented software engineering market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence (ai) augmented software engineering market.
• Competitive Landscape: Review strategic developments in the artificial intelligence (ai) augmented software engineering market, including expansions, agreements, and new product launches.
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