Press release
Programming Software Market: Major Trends Reshaping the Future of the Industry
Programming Software
What Will the Programming Software Industry Market Size Be by 2025?
The software programming industry has experienced swift growth in recent times. It is set to expand from a market size of $2.04 billion in 2024 to reach a value of $2.36 billion in 2025, marking a compound annual growth rate (CAGR) of 15.8%. The growth witnessed in the historic period is a result of several factors such as the advent of personal computing, introduction of agile methodologies, the emergence of high-level programming languages, graphical user interfaces (GUI), and the rise of object-oriented programming (OOP).
What's the Long-Term Growth Forecast for the Programming Software Market Size Through 2029?
Anticipated to witness considerable expansion in the upcoming years, the programming software market is projected to inflate to a value of $4.19 billion by 2029, growing at a compound annual growth rate (CAGR) of 15.4%. The surge during the forecast period can be ascribed to the increasing emergence of innovative programming languages, enhancing demand for mobile development, and escalating concerns about cybersecurity. Key trends during the forecast phase are expected to be the evolution of programming languages, progression in hardware technology, advancements in the development of operating systems, the growing influence of the open source movement, and the rise of mobile computing.
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What Are the Key Growth Drivers Fueling the Programming Software Market Expansion?
The programming software market's growth is projected to be stimulated by a rise in app development. This concerns the creation of software applications tailored particularly for use on mobile devices, desktop computers, and internet browsers. The prevalent use of smartphones and tablets has fuelled a surge in demand for mobile applications, serving multiple purposes such as communication, entertainment, productivity, and business-related services. Programming software, with features like syntax highlighting, code completion, and code templates, aids developers in speeding up their coding process and reducing error frequency. For example, RipenApps Technologies, an Indian digital transformation firm, revealed in August 2023 that as of 2022, total global consumer expenditure on mobile applications reached $129B. Hence, the programming software market's growth is being fuelled by this surge in app development activities.
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What Are the Key Trends Driving Programming Software Market Growth?
Leading companies in the programming software market are concentrating on the creation of innovative products like AI coding assistants for the purpose of boosting developer productivity, enhancing code quality, and making the app development process more efficient. AI coding assistants represent software tools that support developers in tasks such as writing, reviewing, and debugging code through the use of artificial intelligence. These next-level assistants utilize machine learning, natural language processing (NLP), and code analysis to offer insightful suggestions, automate monotonous tasks, and boost overall productivity in coding. For example, GitHub Inc., a US-based digital platform that facilitates writing, storing, organizing, and sharing code, launched GitHub Copilot Enterprise in February 2024. This AI coding assistant offers code suggestions, answers questions, and makes adjustments based on the company's standards and codebase. It significantly enhances productivity and code quality while ensuring control and adherence to development workflows.
How Is the Programming Software Market Segmented?
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 Companies Are Leading the Charge in Programming Software Market Innovation?
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.
Which Regions Are Leading the Global Programming Software Market in Revenue?
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.
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