How Has the Software Development AI Market Size Evolved in Recent Years?
The software development ai market has seen considerable growth due to a variety of factors.
• The software development AI market has seen rapid growth in recent years. It will grow from $0.45 billion in 2024 to $0.56 billion in 2025, expanding at a CAGR of 24.6%.
The growth can be attributed to the increasing demand for automation in software development, the complexity of development projects, efficiency gains, and a growing emphasis on quality assurance.
What Is The Forecast For The Software Development AI Market Size?
The software development ai market is expected to maintain its strong growth trajectory in upcoming years.
• The software development AI market is expected to experience exponential growth, reaching $1.34 billion by 2029 at a CAGR of 24.3%.
Growth is driven by the adoption of DevOps practices, concerns over cybersecurity and regulatory compliance, availability of skilled AI professionals, and growing demand for industry-specific solutions. Trends include advancements in AI technologies, AI algorithms, integration of AI in the software development lifecycle, edge computing, and AI-analytics integration.
What Are The Essential Drivers Behind The Growth Of The Software Development AI Market?
The anticipated growth of the software development AI market is primarily fueled by increasing adoption of the Internet of Things (IoT). IoT encompasses a network of physical objects, outfitted with sensors, software, and other technologies, that allows data exchange and connectivity over the web. The swelling popularity of IoT comes from its capacity to boost efficiency, foster convenience, and facilitate data-powered decision-making across diverse sectors. It enhances software development by empowering real-time data gathering and analysis, promoting intelligent and responsive app creation. AI adds value to software development processes through automation, algorithm optimization, and boosted decision-making abilities, spurring efficiency and innovation. In a notable instance, Telefonaktiebolaget LM Ericsson, a leading Swedish telecommunications firm, disclosed in their September 2023 report that global IoT connections scaled to 15.7 billion in the year 2023 and are anticipated to escalate by 16% to 38.9 billion by 2029. Consequently, the expanding adoption of IoT directly contributes to the growing success of the software development AI market.
How Is The Global Software Development AI Market Divided Into Key Segments?
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 Emerging Market Trends Are Altering The Software Development AI Industry?
The main players in the AI software development market are directing their efforts towards developing groundbreaking solutions like self-governing AI software developers, in order to secure their leading positions in the market. A self-governing AI software developer employs artificial intelligence (AI) and machine learning (ML) to automate the creation, design, and development of other AI-driven software applications or solutions. For instance, in March 2024, US-based technology firm Microsoft Corporation introduced AutoDev, an autonomous AI software development framework which infuses AI into various aspects such as generating code, testing, and overseeing version control operations. Featuring customizable prompts, automated test case generation, increased code quality, and teamwork among AI agents, AutoDev is designed to simplify software development, ensure safety with Docker container encapsulation, and achieve a high level of automation in software engineering tasks.
Who Are the Key Players In The Software Development AI Market?
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 Regional Insights Into 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.
