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.

Highlights: Software Development Tools Industry Statistics

  • As of 2020, the global software development market is worth an impressive $450 billion.
  • This market is expected to grow at a CAGR (Compound Annual Growth Rate) of 10.5% from 2021 to 2028.
  • Application software segment accounted for the largest market share of approximately 46.6% in 2020.
  • By 2026, it is predicted that the DevOps market will be valued at $17 billion globally.
  • North America represents the largest region in the software development market globally with a 42% share.
  • Stakeholders are heavily investing in cloud computing with a growth rate of 18% predicted in 2021.
  • Asia-Pacific is expected to grow at the highest CAGR of 12.3% in the software development market during the forecast period.
  • Mobile development tools dominated the software development tools market by type in 2020.
  • Developer tool unicorn GitHub reached 56 million developers in 2020.
  • The use of Python as a primary language among developers grew from 25% in 2018 to 44% in 2020.
  • 89% of organizations use Agile methodologies for software development as of 2020.
  • 99% of organizations utilize APIs (Application Programming Interfaces) in their development processes.
  • Approximately 68% of software developers are primarily full-stack developers.
  • The number of active software developers worldwide is expected to reach 28.7 million by 2024.
  • Java is the second most favored programming language with 40.2% of developers using it.
  • Almost 49% of developers worldwide work more than 40 hours per week.
  • 42% of developers say remote work options are a top priority when considering a job offer.
  • The average age of software developers is around 31-36 years.
  • By 2027, the global low-code development platform market is projected to reach approximately $187 billion.

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The Latest Software Development Tools Industry Statistics Explained

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

The statistic “As of 2020, the global software development market is worth an impressive $450 billion” signifies the significant economic impact and growth of the software development industry worldwide. This value reflects the total revenue generated within this market, encompassing various sectors such as software products, services, and solutions. The substantial size of the market indicates the increasing reliance on technology and software in today’s digital age, leading to substantial investments and expenditures in software development. The figure also suggests abundant opportunities for innovation, employment, and advancement within the software development industry, underscoring its crucial role in driving global economic growth and technological progress.

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

This statistic indicates that the market under consideration is projected to experience a consistent annual growth rate of 10.5% from 2021 through 2028. The Compound Annual Growth Rate (CAGR) is a useful measure for understanding the smooth annual growth rate of an investment or market over a specified period, accounting for compounding effects. In this context, the 10.5% CAGR suggests that the market is anticipated to steadily expand, potentially doubling in size approximately every seven years based on this growth rate. This projection can assist stakeholders in making informed decisions related to investment, strategic planning, and market opportunities within the given time frame.

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

The statistic indicates that within the overall market, the application software segment held the highest market share, representing approximately 46.6% of the total market in 2020. This suggests that application software, which includes various types of software designed to perform specific tasks for end-users, such as word processing, spreadsheet applications, and accounting software, was the most dominant and widely adopted category within the market during that year. The significant market share of application software highlights its importance and popularity among consumers and businesses, reflecting the widespread reliance on these software solutions for various functions and purposes across different industries.

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

The statistic indicates that by the year 2026, the DevOps market is expected to reach a global valuation of $17 billion. This prediction suggests a significant growth in the market size, reflecting an increasing adoption of DevOps practices across various industries. DevOps, which is a combination of software development (Dev) and IT operations (Ops), focuses on improving collaboration, automation, and efficiency in the software development process. The projected market value implies a growing demand for DevOps tools and services as organizations aim to streamline their software delivery pipelines, enhance productivity, and adapt to the evolving technology landscape.

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

The statistic ‘North America represents the largest region in the software development market globally with a 42% share’ indicates that among all regions worldwide, North America has the highest proportion of the software development market, capturing 42% of the total market share. This suggests that North America is a dominant player in the software development industry on a global scale, with a significant influence and presence in the market. It implies that a substantial portion of software development activities, companies, and innovations originate from North America, highlighting the region’s key role in driving advancements and shaping trends within the industry.

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

The statistic indicates that stakeholders, which could include businesses, organizations, or individuals, are increasingly making significant financial commitments to cloud computing technology. This is evident from the predicted growth rate of 18% expected in 2021, suggesting a strong and sustained increase in investments in cloud computing services. This trend may be driven by various factors such as the increasing reliance on digital technologies, the need for remote work infrastructure, and the benefits of scalability and flexibility offered by cloud solutions. Overall, this statistic highlights the growing popularity and importance of cloud computing in today’s technology-driven world as stakeholders recognize its value and potential for driving innovation and operational efficiency.

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

This statistic indicates that the Asia-Pacific region is projected to experience the highest Compound Annual Growth Rate (CAGR) of 12.3% in the software development market over a specified forecast period. This growth rate suggests a significant expansion in the demand and adoption of software development services within the Asia-Pacific region, driven by factors such as increasing digitalization, technological advancements, and growing demand for customized software solutions. The high CAGR implies that the software development industry in the Asia-Pacific region is expected to outpace other regions in terms of growth rate, presenting opportunities for businesses and investors to capitalize on the burgeoning market potential in this region.

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

The statistic “Mobile development tools dominated the software development tools market by type in 2020” indicates that among various types of software development tools available in the market in the year 2020, mobile development tools had the highest market share and were the most commonly used by developers. This suggests a strong preference and reliance on tools specifically designed for creating mobile applications, reflecting the growing importance and demand for mobile development in the software industry. The dominance of mobile development tools in the market landscape highlights the significance of mobile technology in the digital era and emphasizes the importance of catering to the mobile platform for developers and businesses alike.

Developer tool unicorn GitHub reached 56 million developers in 2020.

The statistic states that GitHub, a developer tool widely used for version control and collaboration on software development projects, had a user base of 56 million developers in the year 2020. This signifies the significant popularity and adoption of GitHub within the global developer community, highlighting its importance as a platform for sharing, collaborating, and managing code. The large number of developers utilizing GitHub suggests its widespread usage across various industries and regions, making it a crucial tool for modern software development practices.

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

The statistic provided indicates a substantial increase in the prevalence of Python as a primary programming language among developers over a two-year period. Specifically, it states that the proportion of developers who reported using Python as their primary language increased from 25% in 2018 to 44% in 2020. This growth of 19 percentage points suggests a significant trend towards Python being increasingly adopted and favored by developers for their coding tasks. The data highlights the rising popularity and widespread adoption of Python within the developer community, showcasing its expanding influence and utility in a variety of industries and applications.

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

The statistic ‘89% of organizations use Agile methodologies for software development as of 2020’ indicates that Agile has become the dominant approach in the software development industry. Agile methodologies are preferred by a vast majority of organizations due to their emphasis on flexibility, collaboration, and adaptability to changing requirements. This adoption rate suggests that Agile practices have demonstrated their effectiveness in improving project outcomes, increasing team productivity, and enhancing customer satisfaction. The widespread acceptance of Agile reflects a shift towards more iterative and customer-focused development processes in response to the rapidly evolving technology landscape.

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

The statistic that 99% of organizations utilize APIs in their development processes indicates that the vast majority of companies leverage Application Programming Interfaces to facilitate communication and data exchange between different software applications. APIs serve as essential tools that enable organizations to enhance efficiency, innovation, and collaboration by allowing different systems to interact seamlessly. This high adoption rate underscores the critical role that APIs play in modern software development and highlights their importance in driving technological advancements and organizational growth across various industries.

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

The statistic that approximately 68% of software developers are primarily full-stack developers suggests that the majority of individuals working in the software development industry possess a broad set of skills and knowledge across both front-end and back-end technologies. Full-stack developers are able to work on all aspects of a software application, from user interface design to server-side logic, making them versatile and valuable assets in technology organizations. This statistic highlights the importance of having well-rounded developers who can contribute to various stages of software development, ultimately enhancing the efficiency and effectiveness of development projects.

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

The statistic stating that the number of active software developers worldwide is expected to reach 28.7 million by 2024 implies a significant growth in the global software development industry. This projection suggests a growing demand for software developers due to the increasing reliance on technology across various sectors such as IT, healthcare, finance, and manufacturing. The rising trend of digital transformation and the expanding use of software applications further emphasize the need for skilled professionals in the field. The estimated figure indicates a positive outlook for job opportunities and the continued importance of software development in driving innovation and digital advancement on a global scale.

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

The statistic indicates that among developers, Java ranks as the second most popular programming language, with 40.2% of developers utilizing it in their work. This suggests that Java is widely adopted and valued within the development community, demonstrating its broad appeal and versatility for various programming tasks. The high usage rate indicates that Java continues to be a relevant and in-demand language in the industry, with a significant proportion of developers choosing to work with it for their software development needs.

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

The statistic that almost 49% of developers worldwide work more than 40 hours per week indicates that a significant portion of the developer population is dedicating extra time beyond the standard full-time work week. This may suggest a prevalent culture of longer working hours within the field, potentially influenced by factors such as project deadlines, workloads, or individual preferences for career advancement. These extended hours could impact developers’ work-life balance, productivity, and overall well-being. Further analysis could delve into regional variations, industry sectors, or specific job roles within the developer community to gain a more nuanced understanding of the driving forces behind this prevalent work pattern.

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

This statistic implies that 42% of developers consider the availability of remote work options as a crucial factor when evaluating job opportunities. Remote work flexibility has become increasingly important in the modern workforce, especially in fields like software development where many tasks can be effectively performed remotely. Employers who offer remote work options may have a competitive advantage in attracting top talent within the developer community. This statistic indicates that a significant portion of developers prioritize work-life balance and flexibility in their job choices, highlighting the evolving preferences and expectations within the industry.

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

The statement “The average age of software developers is around 31-36 years” indicates that the typical age of individuals working in the field of software development falls within the range of 31 to 36 years. This statistic suggests that there is a relatively narrow age range within which most software developers are concentrated, with the average age being around the mid-30s. This information can be useful for understanding the demographic characteristics of the software development industry and may have implications for workforce planning, training programs, and career development strategies within the field.

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

The statistic “By 2027, the global low-code development platform market is projected to reach approximately $187 billion” indicates a significant growth and market potential for low-code development platforms in the coming years. Low-code development platforms allow users to create applications with minimal coding knowledge, enabling rapid development and deployment of software solutions. The projected market value of $187 billion by 2027 highlights the increasing demand for low-code platforms as organizations seek to streamline their software development process, reduce costs, and improve time-to-market for applications. This statistic suggests a promising outlook for the low-code development industry, emphasizing its importance in the future of software development.

Conclusion

In conclusion, the statistics presented in this blog post provide valuable insights into the current trends and dynamics of the software development tools industry. By analyzing key metrics such as market size, growth rates, and adoption trends, we can better understand the competitive landscape and make informed decisions for the future. As technology continues to evolve, keeping up with the latest tools and innovations will be crucial for staying ahead in this rapidly changing industry.

References

0. – https://www.www.alliedmarketresearch.com

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2. – https://www.www.grandviewresearch.com

3. – https://www.www.researchandmarkets.com

4. – https://www.www.statista.com

5. – https://www.www.mordorintelligence.com

6. – https://www.insights.stackoverflow.com

7. – https://www.www.business-standard.com

8. – https://www.www.forbes.com

9. – https://www.nordicapis.com

10. – https://www.www.jetbrains.com

11. – https://www.www.prnewswire.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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