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Looking to develop software for your business? But confused about whether to go for it or not. 

Software development can help businesses gain diverse benefits, from enabling companies to create automation tools to reducing costs and enhancing customer experience. So, if you are also among those who are confused about what to do about software development, then you are at the right place; in this blog, we tried to mention all the possible market stats that can convince you to get your project started. 

So, without wasting a minute, let’s get the ball rolling! 

Software Development Industry Growth and Market Size

Global software development service market size is projected to touch USD 1288.88 Bn by 2032 at a CAGR of 14.51% during the forecast period (2023-2032). 

There are 28.7 million software developers worldwide working on multiple projects. Among these, the 60,000 software developers work for Google. 

The number of software developers will grow by 45 million by the end of year 2030. 

The fact is that the Asia-Pacific region has the fastest-growing software developer population. 

Asia alone currently has more than 6.5 million software developers. (Source : Statista). 

Africa has 716,000 software developers present. 

Eastern Europe has more than 1.3 million software developers. 

The global software development consulting services market size was valued at USD 273.13 Billion in 2022 and is expected to grow at a CAGR of 12.1% from 2023 to 2030. 

Market Statistics According to Programming Language Popularity

As we peer into the future of programming, Python stands as a dominant force in 2025. According to research, Python commands a 29.6% market share with a +1.7% one-year trend. 

Do you know JavaScript has the largest number of 13.8 million developers present to date?

It is used by 62.3% of developers, followed by HTML/CSS at 52.97% and Python at  51%. 

Market Statistics According to Programming Language Popularity

In this, we have mentioned the number of developers using programming languages globally. 

Programming Language Number of Developers 
JavaScript 16.5 Million 
HTML/CSS 14 Million 
Python 11.3 Million 
Java9 Million 
C# 6.8 Million 
PHP 7.3 Million 
C++5 Million 
Swift 1.5 Million 

Note – Rust is the highest-earning programming language, with salaries between $130,000 to  $150,000 per year. (Source: Pesto) 

The global programming language market size was valued at US $ 188.86 Bn in 2023 and is expected to reach US $ 379.91 Bn by 2030 to exhibit a CAGR of 10.5% during a forecast period. ( Source: Maximize Market Research)

Emerging Technologies in Software Development Market 

Globally, almost every sector focuses on implementing technology in their business; thus, here is the global ranking of tech to be adopted by the companies from 2023 to 2027. 

According to the survey, approximately 75% of companies are likely to adopt big data analytics, cloud computing, e-commerce and digital trade, and AI technologies between 2023 and 2027. 

Other 86% plan to adopt digital platforms and apps in upcoming years. 

The AI Revolution 

Generative AI- According to McKinsey’s report, there is a significant jump in adoption rates from 33% in 2023 to 65% in 2024. There was a $36 Billion equity investment in 2023. 

Applied AI- The global applied AI service market was estimated at USD 235.6 mn in 2023 and is expected to grow with a CAGR of 26.2% from the forecast period 2024-2030. There was a $86 bn equity investment in 2023. 

The global automated machine learning market size accounted for USD 1.0 Bn in 2023 and is expected to achieve a market size of USD 6.4 bn by 2028, growing with a CAGR of 44.6% from 2023 to 2028. 

Software Development Methodologies and Processes

According to 2023 research, 61% of companies use Agile, while 32% use Waterfall.

Agile process stands 1.5x more successful than other models like Waterfall and iterative. 4 out of every 5 respondents say that their organization prefers Agile. 

By adopting Agile SLDC for software development, 64% of the companies witnessed increased capabilities to manage changing priorities effectively. 

According to multiple surveys done by Octal, it is observed that with the use of agile methodologies, 40% improved project transparency across different departments of the organizations that are involved in the survey. 

According to LinkedIn, 44% of the workforce is expected to work remotely by 2025, up from 36% currently. 

Multiple predictions say that the projections for 2025 estimate that 32.6 million Americans will embrace remote work, highlighting the significance of well-structured remote work. 

Also read: Top 30 Custom Software Development Companies

Software Development Tools

According to the 2023 Stack Overflow Developer survey, Visual Studio Code remains the most popular development environment, with 71% of developers using it. 

Among all of these, 24.5% of developers use JetBrains IDEs like IntelliJ IDEA, WebStrom, and PyCharm. 

The global custom software development market size was estimated at USD 35.42 bn in 2023, and it is projected to grow at a CAGR of 22.5% from 2024 to 2030. 

US software consulting market

Cybersecurity and Software Security in Software Development 

According to JetBrains research, 58% of respondents involved in testing activities report that they have developed automated tests. 

46% of respondents use test case design as part of their testing process. 

Cybersecurity and Software Security in Software Development 

The global security market reached a value of approximately USD 377.38 bn in 2023. 

The market is projected to grow at a CAGR of 7.3% between 2024 and 2032, reaching a value of around USD 711.50 bn by 2032. 

Note- Do you know there will be 6.065 bn malware attacks globally in 2023, according to Statista? 

According to a survey, in past years, it is noticed that nearly 43% of cyber-attacks are on SMBs. As per the World Economic Forum, 95% of them can be attributed to human error. 

In August 2024, internet users worldwide discovered 52,000 new common IT security vulnerabilities and exposures(CVEs). The highest reported annual figure was recorded in 2023, over 29,000. 

Software Development Trends

70% of new business applications will use low-code /no-code technologies by 2025. 

The global low-code development platform market size was valued at USD 22.25 Bn in 2023 to USD 264.40 Bn by 2032. 

It is exhibiting a CAGR of 32.0% during the forecast period (2024-2032). 

North- America dominated the low-code development platform market with a market share of 34.06% in 2023. 

According to 2020 O’Reilly surveys. 77% of businesses have adopted microservices architecture. 

92% of those say it was successful. In 2021, 85% of large companies with over 2,000 employees were using microservices. 

Progressive web apps are a growing trend in app development that combines the best features of mobile apps and websites. 

PWAs are expected to grow at a CAGR of 31.1% from 2020 to 2030. This is one of the big reasons why industries are going for it, and it is getting popular. 

Also read: 25 Must-Know Software Development Trends

Digital Transformation in Small and Medium-sized enterprises

According to Gartner, in 2025, 60% of midsize enterprises workload will remain on-premise. 

As per SCORE’s research, 77% of small businesses use social media to increase sales, provide customer service, and improve brand recognition.

According to a poll, 57% of small business owners believe that in order to maximize their operations, they need to upgrade their IT infrastructure.

According to a statistics survey, 51% of SMEs rely on social media to expand their operations, and 65% of them believe it is useful for advertising. Source: DoodleBlue 

As an open source development company, Octal works to provide the best digital transformation to every business, from small to medium to enterprise level. 

Code Quality and Technical Debt

According to the CodeScene report, companies spend 23% to 42% of their development time dealing with technical debt. 

Over five years, technical debt for one million lines of code can cost $1.5 million, which is equivalent to 27,500 software developer statistics per hour. 

Low-quality code has 15 times more defects than high-quality code. 

Developers spend 33% of their time fixing code issues. 

Technical debt can impact an organization’s ability to innovate and remain competitive. 

Businesses in the bottom 20% of technical debt are 40% more likely to cancel or fail to complete modernization efforts. 

The rapid adoption of new technologies, such as generative AI, is leading to a surge in technical debt. 

Research from the Association for computing machinery reported that up to 42% of developer’s time can be wasted due to technical debt caused by poor code. 

A survey by GitHub showed that approximately 70% of developers believe repetitive tasks hamper their productivity. 

Software Development cta1

Testing and QA Statistics

There are multiple different software development ideas that businesses come up with. Still, there can be major issues so fixing that quality analysis with the help of testing is necessary. Mentioned below are some of the top stats that shows the testing and QA stats. 

According to the World Quality Report 2023, 59% of organizations globally have implemented test automation in their software development lifecycle.

According to Forrester’s report, it is estimated over $23 billion become the software testing services market, and over 69% of organizations are still on a transformation journey trying to effectively leverage agile, but along with this also, DevOps and continuous delivery. 

MarketsandMarkets estimates that the test automation market size will grow from USD 24.6 billion in 2023 to USD 58.7 billion by 2028, driven in large part by increasing demand for automated regression testing.

Gartner predicts that by 2026, 70% of all testing will be conducted on the cloud, up from 25% in 2021, reflecting the shift toward scalable, cloud-based test automation platforms.

A report from World Quality Report 2023 shows that 32% of organizations cite maintaining test scripts as a major challenge in their automation journey, indicating that automation alone is not a silver bullet for quality.

According to Stack Overflow’s 2023 Developer Survey, Selenium remains the most popular automated testing tool, with 32% of developers reporting its use, followed by Cypress (19%) and Playwright (8%).

The 2024 Automation Testing Benchmark Report states that 58% of organizations see a positive return on investment (ROI) from test automation within 6-12 months, with 80% reporting that it significantly reduces manual testing costs.

Must- Know QA Stats

According to a JetBrains 2023 Developer Survey, 45% of developers report having 80% or more of their code covered by automated tests, indicating a growing trend in higher coverage.

A Tricentis study revealed that 64% of developers believe that achieving 90%+ code coverage is critical for maintaining software quality in large-scale applications.

The 2023 World Quality Report found that organizations with over 80% code coverage have a 30% lower defect rate compared to those with less than 40% test coverage.

Accenture reports that in Agile environments, 73% of companies have code coverage greater than 75%, driven by the integration of automated testing within CI/CD pipelines.

Software Development for Specific Industries

Healthcare Software Development Statistics

The global telemedicine market, which was last valued at $130.5 billion, could reach $503.8 billion in revenues by 2032 at a compound annual growth rate (CAGR) of 16.4%.

The global market for Electronic Health Records (EHR) software systems is anticipated to rise from its prior prediction of $32.23 billion in 2023 to $43.36 billion by 2030, with a compound annual growth rate (CAGR) of 4.43%.

Due to technology improvements and the desire for intelligent medical treatment, the healthcare AI market is expected to increase from $11.7 billion in the software category to $281.2 billion by 2032 at a compound annual growth rate (CAGR) of 39.2% (2024-2032). In the field of drug discovery software, it also attained a 28.1% market share.

Because of the technology’s increasing popularity and compelling use cases, 48% of healthcare and pharmaceutical firms are the first to plan their investment in GenAI solutions in 2025, according to EY.

Around 90% of clinical drug development faces failure, which can potentially be reduced to a certain extent with the help of AI.

AI has the potential to save drug discovery expenses and time by 25–50% if it is implemented as a software solution.

Banking & Finance Software Development Statistics

The overall Fintech market is projected to get into the list of trillion-dollar industries with an estimated market cap of $1.5 trillion by 2030.

Furthermore, Fintech only accounts for 2% of the $12.5 trillion in worldwide financial services revenue at the moment. Additionally, by 2030, the fintech sector’s share of financial services income might rise by 7% and 25% in terms of banking valuation.

NeoBanks, which generate $364.6 billion in revenue by 2026 globally at a CAGR of 46.5%, are anticipated to play a significant role in extending financial access in the coming years within the Fintech solution category.

The market for mobile banking and finance, which was last valued at about $1.13 billion in 2022, is predicted to grow to a size of $3.19 billion by 2031 at a compound annual growth rate (CAGR) of 12.2%.

According to Statista, by 2028, there will be more than 4,805.00 million users of digital payment applications worldwide. The possibility to invest in creating digital payment applications is stated quite clearly in this.

Retail & Ecommerce Software Development Statistics

According to Statista, at a compound annual growth rate (CAGR) of 3.85% from 2024 to 2029, the global eCommerce software industry is expected to generate $9.75 billion in revenue.

In contrast, the U.S. alone generated $4,364 million in revenue in 2024 from the retail and eCommerce software solutions category.

According to a recent Verified Market Research analysis, retail management systems software sales was valued at $2.73 billion and might rise at a 12.06% CAGR (2024–2031), reaching $6.8 billion by 2031.

In the years – 2023 and 2024, retail businesses with AI/ML implementation have witnessed a growth in revenue by 8.1%, and the ones without this have only witnessed a growth of 3.1%.

Supply Chain & Logistics Software Development Statistics

The global revenue in the supply chain management software market is expected to rise at a CAGR of 4.13%, with a market cap of $24.65 billion by 2029.

The global logistics software market can reach $22.3 billion by 2032 at a CAGR of 8% for the forecasting period.

As per McKinsey, around 43% of supply chain businesses have digitized their operations and may expect their annual revenue growth by 2.3%.

Supply chain businesses with data-oriented software solutions in place can effectively manage their inventory by 20% and productivity by 20-30%.

The adoption of AI in supply chain operations is increasing steadily and may become a critical part of the business, with an expected adoption rate of 38% by 2025.

software development cta2

Conclusion

Software development can be a tedious process to understand; thus, one requires expert help in this; if you are facing an issue, then you can consider choosing a top software development company that can provide you with all the services in one solution in one place. The software development cost can be a query for many. If you are also having problems finding a quote, then you can contact Octal skilled experts who can help you with custom quotes that meet your requirements.

THE AUTHOR
Managing Director
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Arun G Goyal is a tech enthusiast and experienced writer. He's known for his insightful blog posts, where he shares his expertise gained from years in the tech industry. Arun shares his knowledge and insights through engaging blog posts, making him a respected figure in the field.

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