GITNUX MARKETDATA REPORT 2024

Software Development Tools Industry Statistics

The software development tools industry is experiencing steady growth fueled by increasing demand for efficient development solutions across various sectors.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we provide an overview of key statistics shaping the software development tools industry. From the staggering market value and growth projections to trends in programming languages and developer work habits, these data points offer valuable insights into the dynamics of this rapidly evolving sector.

Statistic 1

"As of 2020, the global software development market is worth an impressive $450 billion."

Statistic 2

"This market is expected to grow at a CAGR (Compound Annual Growth Rate) of 10.5% from 2021 to 2028."

Statistic 3

"Application software segment accounted for the largest market share of approximately 46.6% in 2020."

Statistic 4

"By 2026, it is predicted that the DevOps market will be valued at $17 billion globally."

Statistic 5

"North America represents the largest region in the software development market globally with a 42% share."

Statistic 6

"Stakeholders are heavily investing in cloud computing with a growth rate of 18% predicted in 2021."

Statistic 7

"Asia-Pacific is expected to grow at the highest CAGR of 12.3% in the software development market during the forecast period."

Statistic 8

"Mobile development tools dominated the software development tools market by type in 2020."

Statistic 9

"Developer tool unicorn GitHub reached 56 million developers in 2020."

Statistic 10

"The use of Python as a primary language among developers grew from 25% in 2018 to 44% in 2020."

Statistic 11

"89% of organizations use Agile methodologies for software development as of 2020."

Statistic 12

"99% of organizations utilize APIs (Application Programming Interfaces) in their development processes."

Statistic 13

"Approximately 68% of software developers are primarily full-stack developers."

Statistic 14

"The number of active software developers worldwide is expected to reach 28.7 million by 2024."

Statistic 15

"Java is the second most favored programming language with 40.2% of developers using it."

Statistic 16

"Almost 49% of developers worldwide work more than 40 hours per week."

Statistic 17

"42% of developers say remote work options are a top priority when considering a job offer."

Statistic 18

"The average age of software developers is around 31-36 years."

Statistic 19

"By 2027, the global low-code development platform market is projected to reach approximately $187 billion."

In conclusion, the software development industry continues to experience significant growth and evolution, with key trends indicating a prosperous future. The market’s value is impressive and projected to increase steadily, particularly in areas such as application software, DevOps, and cloud computing. Different regions are showcasing varying levels of growth, with Asia-Pacific standing out with the highest CAGR. Tools like mobile development, Python, Agile methodologies, APIs, and Java are shaping the landscape, while the workforce demographics reveal interesting insights into developer preferences and working conditions. The rise of low-code development platforms further signals a shift towards simplifying and accelerating the software development process, highlighting the industry’s commitment to innovation and efficiency.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.