Programming Software Global Market Report 2024

The programming software market size has grown rapidly in recent years. It will grow from $1.77 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth observed during the historic period can be attributed to several factors, including the advent of personal computing, the adoption of agile methodologies, the introduction of high-level programming languages, the development of graphical user interfaces (GUI), and the emergence of object-oriented programming (OOP).

The programming software market size is expected to see rapid growth in the next few years. It will grow to $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing emergence of new programming languages, a growing demand for mobile development, and rising concerns regarding cybersecurity. Major trends expected during this period encompass the evolution of programming languages, advancements in hardware, developments in operating systems, the open-source movement, and the proliferation of mobile computing.

The rise in app development is poised to propel the expansion of the programming software market in the foreseeable future. App development involves creating software applications tailored for use on mobile devices, desktop computers, or web browsers. With the widespread adoption of smartphones and tablets, there's an increasing demand for mobile apps catering to diverse needs, spanning communication, entertainment, productivity, and business services. Programming software provides essential features such as syntax highlighting, code completion, and code templates, aiding developers in writing code more efficiently and with fewer errors. For example, RipenApps Technologies, an India-based digital transformation company, reported in August 2023 that global consumer spending on mobile applications had reached $129B as of 2022, highlighting the significant impact of app development on the programming software market.

Key players in the programming software market are concentrating on developing innovative products such as AI coding assistants to boost developer productivity, enhance code quality, and streamline the app development process. AI coding assistants are software tools leveraging artificial intelligence techniques, including machine learning algorithms and natural language processing, to assist developers in writing, reviewing, and debugging code. These assistants offer intelligent suggestions, automate repetitive tasks, and enhance overall coding productivity. For instance, GitHub Inc., a US-based online platform for code management, introduced GitHub Copilot Enterprise in February 2024. This AI coding assistant provides code recommendations, responds to inquiries, and incorporates modifications based on company standards and codebase, thus enhancing productivity and code quality while ensuring compliance within development workflows.

In December 2021, Altair Engineering Inc., a US-based cloud computing and software solutions provider, acquired World Programming Limited, a UK-based company offering programming software for data science and data engineering. This acquisition reinforces Altair's presence across various industries, including financial services, insurance, healthcare, manufacturing, asset management, telecommunications, retail, energy, and consumer products, highlighting the strategic importance of programming software in diverse sectors.

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.

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. The countries covered in the programming software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Programming software encompasses a suite of tools and applications engineered to facilitate computer programming and software development. These software solutions offer a unified environment for coding tasks, supporting multiple programming languages, and streamlining the software development lifecycle.

The primary product categories of programming software include cloud-based and on-premise solutions. Cloud-based programming software refers to applications hosted and accessed over the internet, enabling users to develop and execute code without the need for local software installation. These solutions find application across various sectors, including large enterprises, small and medium-sized enterprises, and are utilized by diverse end-users such as information technology and telecommunications, banking, financial services, and insurance, among others.

The programming software market research report is one of a series of new reports that provides programming software market statistics, including programming software industry global market size, regional shares, competitors with a programming software market share, detailed programming software market segments, market trends and opportunities, and any further data you may need to thrive in the programming software industry. This programming software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The programming software market consists of revenues earned by entities providing services such as testing and debugging tools, collaboration and communication platforms, integrated development environments, code editors, and version control systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The programming software also includes sales of performance management tools, project management tools and debugging tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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