Press release
Programming Software Market Poised for 15.42 % Growth, Set to Hit $303.03 Billion by 2029
Programming Software
The increase in app development is expected to boost the growth of the programming software market. The growing use of smartphones and tablets is driving demand for mobile apps, which in turn fuels the need for programming software that aids developers in writing code more efficiently. RipenApps Technologies reported in August 2023 that global consumer spending on mobile applications reached $129 billion in 2022. Thus, the rise in app development is propelling the growth of the programming software market.
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What Is the projected market size and growth rate for the programming software market?
The programming software market has expanded rapidly, expected to grow from $2.04 billion in 2024 to $2.36 billion in 2025, at a CAGR of 15.8%. Growth drivers include personal computing, the adoption of agile methodologies, high-level programming languages, graphical user interfaces (GUI), and object-oriented programming (OOP).
The programming software market is expected to grow to $4.19 billion by 2029, at a CAGR of 15.4%. Growth drivers include the emergence of new programming languages, mobile development demand, and cybersecurity concerns. Key trends include the evolution of programming languages, advancements in hardware, operating system development, and the rise of mobile computing.
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What new trends are reshaping the programming software market and its opportunities?
In the programming software market, companies are focusing on creating products like AI coding assistants to improve developer productivity and streamline the app development process. These assistants use AI techniques to provide code suggestions, automate tasks, and enhance code quality. In February 2024, GitHub Inc., a US-based platform for code management, launched GitHub Copilot Enterprise. This AI assistant helps developers write and debug code efficiently while ensuring compliance with company standards.
What major market segments define the scope and growth of the programming software market?
The programming software market covered in this report is segmented -
1) By Product Type: Cloud Based, On-Premise
2) By Application: Large Enterprise, Small And Medium-Sized Enterprises
3) By End Users: Information Technology And Telecommunications, Banking, Financial Services, And Insurance, Other End Users
Subsegments:
1) By Cloud-Based: Software As A Service (SaaS), Platform As A Service (PaaS), Infrastructure As A Service (IaaS)
2) By On-Premise: License-Based, Subscription-Based, Custom-Built Or Enterprise Solutions
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Which region dominates the programming software market?
North America was the largest region in the programming software market in 2023. The regions covered in the programming software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the programming software industry growth?
Major companies operating in the programming software market are Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, SAP, Salesforce Inc., Adobe Inc., Intuit Inc., Autodesk Inc., Red Hat Inc., Atlassian Corporation Plc, Ansys Inc., PTC Inc., Tableau Software Inc., MathWorks Inc., Unity Software Inc., Epic Games Inc., ThoughtWorks Inc., Slack Technologies Inc., Altair Engineering Inc., GitHub Inc., JetBrains Inc., Chef Software Inc., Docker Inc., Puppet Labs Inc.
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What Is Covered In The Programming Software Global Market Report?
•Market Size Forecast: Examine the programming software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the programming software market for a structured understanding.
•Key Players Overview: Analyze major players in the programming software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the programming software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the programming software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the programming software market.
•Industry Challenges: Identify potential risks and obstacles affecting the programming software market.
•Competitive Landscape: Review strategic developments in the programming software market, including expansions, agreements, and new product launches.
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