Global Programming Language Market Report 2024

The programming language market size has grown rapidly in recent years. It will grow from $163.63 billion in 2023 to $181.15 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth can be attributed to technological advancements, the demand for specific applications, the emergence of new programming paradigms, innovations in hardware architecture, and the evolution of software development methodologies.

The programming language market size is expected to see rapid growth in the next few years. It will grow to $273.76 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The anticipated growth in the forecast period can be credited to the proliferation of artificial intelligence, the expansion of Internet of Things (IoT) devices, the growth of cloud computing services, the demand for cybersecurity solutions, and the rise of blockchain technology. Key trends expected in the forecast period include increased adoption of Rust and Go programming languages, a surge in demand for low-code and no-code platforms, an emphasis on functional programming languages, the proliferation of language-agnostic development environments, and a focus on inclusivity and accessibility in language design.

The advancement of AI technologies is poised to drive the expansion of the programming language market in the coming years. AI technologies, which emulate human intelligence to perform tasks and adapt to new inputs or environments, are increasingly being adopted for their capacity to automate complex tasks, enhance efficiency, and derive valuable insights from vast datasets. Programming languages form the backbone for developing, deploying, and optimizing AI technologies, facilitating their integration across various applications and industries. For example, in January 2022, the Department of Digital, Cultural, Media and Sports reported that approximately 15% of all businesses in the UK have embraced at least one AI technology, totaling around 432,000 companies. Moreover, 2% are currently piloting AI, and 10% intend to adopt AI technologies in the future, representing 62,000 and 292,000 businesses, respectively. Consequently, the expanding reach of AI technologies is propelling the growth of the programming language market.

Leading companies in the programming languages market are concentrating on developing innovative languages, such as open-source programming languages, to cater to the evolving needs of developers and businesses. These efforts aim to foster collaboration within the developer community and drive advancements in software development practices. An open-source programming language is one whose source code is freely available for use, modification, and distribution by anyone. For instance, in February 2024, Apple Inc. introduced Pickle (Pkl), an open-source programming language. Pkl serves as an embeddable configuration language, streamlining tasks ranging from small to large, simple to complex, and ad-hoc to repetitive configurations. Its notable feature is its compatibility with popular config formats such as JavaScript object notation (JSON), extensible markup language (XML), and Ain't markup language (YAML), while prioritizing safety, scalability, and a seamless coding experience through robust validation, versatile scalability, and integration with leading IDEs.

In December 2021, Altair Engineering Inc. acquired World Programming Ltd for an undisclosed amount. This strategic acquisition enables customers to leverage the SAS language alongside modern languages such as Python and open-source technologies, enhancing data manipulation, analytics, and insights. World Programming Ltd, headquartered in the UK, specializes in creating and marketing software solutions for data distribution, business intelligence, and numerical analysis.

Major companies operating in the programming language market are Apple Inc., Google LLC, Microsoft Corporation, Meta Platforms Inc., Intel Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, NIIT Ltd., Mozilla Foundation, The Apache Software Foundation, Nokia Bell Labs, PHP Group, JetBrains, Linux Foudation, edX Inc., Udacity Inc., Aptech Ltd., Julia Computing, Erlang Solutions Ltd., D Language Foundation, Django Software Foundation, Zig Software Foundation, Haxe Foundation, Ruby Central Inc.

North America was the largest region in the programming language market in 2023. The regions covered in the programming language market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the programming language market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A programming language is a formal system of instructions and rules used to communicate with computers and develop software applications, websites, and other computational systems. It enables developers to write code that directs computers to perform specific tasks, manipulate data, and execute algorithms. Each programming language has its own syntax, semantics, and rules for coding, and they differ in complexity, purpose, and application domain.

The primary languages in the programming language market include C, JavaScript, Python, Go, Ruby, and others. C is renowned for its efficiency, flexibility, and portability. These languages are utilized by various end users, including academics and corporations, through various mediums such as online platforms and offline resources.

The programming language market research report is one of a series of new reports that provides programming language market statistics, including the programming language industry global market size, regional shares, competitors with a programming language market share, detailed programming language market segments, market trends and opportunities, and any further data you may need to thrive in the programming language industry. This programming language 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 language market includes revenues earned by entities by providing syntax and semantics, data manipulation, control flow, abstraction, error handling, library and framework support, concurrency and parallelism, interoperability, and debugging and profiling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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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