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Worldwide Software Construction Components and Tools Forecast, 2024–2028

Publisher IDC
Published Sep 16, 2024
Length 18 Pages
SKU # IDC19185198

Description

Worldwide Software Construction Components and Tools Forecast, 2024–2028


This IDC study examines the software construction components and tools market. The market experienced accelerated growth in 2023, with further increases expected in upcoming years."The software construction components and tools market is well positioned to enable the accelerated development of a wide range of digital products by delivering components that leverage natural language, computer vision, edge computing, and other in-demand technologies," said Adam Resnick, research manager, Software Development at IDC. "To fulfill market needs, component vendors will need to intensify their efforts to innovate products in a market that is increasingly complex, given the proliferation of technologies and use cases in the digital space. IDC notes that software construction components vendors are active on both sides of the rapid adoption of generative AI — on the one hand using AI technology to accelerate the development of the components themselves and on the other delivering products that enable their customers to deliver generative AI to end users."

Table of Contents

18 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Explore Different Modalities of Leveraging AI in Components

Enable Search and Compilation Functionality for Video

Invest More in Blazor

Market Forecast

Market Context

Drivers and Inhibitors

Drivers

Proliferation of Wearable Technology

Acceleration of Legacy App Modernization and Transformation

Exacerbation of the Developer Shortage

Inhibitor

Competition and Market Saturation

Significant Market Developments

Accelerated Proliferation of Computer Vision and Deep Learning AI Technologies

Maturation and Growth of Edge Computing

Increased Adoption of Healthcare Apps and Devices

Changes from Prior Forecast

Market Definition

Methodology

Historical and Forecast Market Values and Exchange Rates

Related Research

Pricing

Currency Rates
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