How Has the Programming Software Market Size Evolved in Recent Years?
The programming software market has seen considerable growth due to a variety of factors.
• The programming software market has grown rapidly in recent years. It will rise from $2.04 billion in 2024 to $2.36 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.8%.
The growth is driven by personal computing, the adoption of agile methodologies, the introduction of high-level programming languages, and the popularity of graphical user interfaces (GUIs).
What Is The Forecast For The Programming Software Market Size?
The programming software market is expected to maintain its strong growth trajectory in upcoming years.
• The programming software market is expected to grow to $4.19 billion by 2029 at a CAGR of 15.4%.
The growth is driven by emerging programming languages, mobile development demand, and rising cybersecurity concerns. Major trends include programming language evolution, hardware advancements, mobile computing, and the open-source movement.
What Are The Essential Drivers Behind The Growth Of The Programming Software Market?
The surge in app development is foreseen to fuel the expansion of the programming software market in the near future. App development involves the creation of software apps explicitly engineered to function on mobile gadgets or other platforms like desktop computers or web browsers. The broad adoption of smartphones and tablets has led to an increasing demand for mobile apps that serve a range of functions, from communication and entertainment to productivity and business services. Programming software provides developers with syntax highlighting, code completion, and code templates, enabling them to code more rapidly and with less risk of error. For example, in August 2023, RipenApps Technologies, a digital transformation firm based in India, reported that global consumer expenditure on mobile apps hit $129B in 2022. Thus, the rise in app development activities is propelling the progress of the programming software market.
How Is The Global Programming Software Market Divided Into Key Segments?
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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What Emerging Trends Are Influencing The Growth Of The Programming Software Market?
Prominent businesses in the programming software market prioritize the creation of breakthrough products, such as AI coding assistants, that can enhance the efficiency of developers, improve the quality of code, and streamline the process of app development. The AI coding assistants are software instruments equipped with artificial intelligence capabilities that help developers to write, review, and debug code. They utilize machine learning algorithms, natural language processing (NLP), and code analysis to provide intelligent suggestions, automate mundane tasks, and enhance coding efficiency in general. For instance, GitHub Inc., a US-based online platform enabling programmers to compose, store, organize, and share code, rolled out GitHub Copilot Enterprise in February 2024. It's an AI coding assistant capable of giving code suggestions, answering queries, and making alterations in accordance with the company's standards and codebase. It amplifies productivity and code quality while preserving control and compliance in their development operations.
Who Are the Key Players In The Programming Software Market?
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.
What Are The Regional Insights Into 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.
