About AI in Software Development
AI algorithms and advanced analytics allow software development teams to make instant decisions using real-time data at scale. AI applications perform complex and intelligent functions associated with human thinking. AI algorithms can automate the coding process by using the analyzed data to help developers create accurate code, leading to more efficient, agile, and scalable workflows.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
This market is fragmented by market-leading players who are highly focusing on production technologies, improving production efficiency, and service life. With the growing number of opportunities in the market, these market potentials are captured by tracking the ongoing process improvement and by invest in market strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global AI in Software Development market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microchip Technology Inc. (United States), N-iX (Ukraine), QBurst (United States), Intellectsoft LLC (United States), Softserve Inc (United States), RapidMiner (United States), KONUX (Germany), Intel (United States), Micron Technology (United States), IBM (United States), Microsoft (United States), Google Inc (United States) and Oracle (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Salesforce (United States), SAS (United States), Cisco (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global AI in Software Development market by , Application (Expert System, Project Management and Others) and Region.
On the basis of geography, the market of AI in Software Development has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Development Knowledge, the sub-segment i.e. Planning will boost the AI in Software Development market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Programming Language, the sub-segment i.e. Python will boost the AI in Software Development market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technologies in Development of Apps and Websites is the Chatbot
Market Growth Drivers:
Growth in Big Data and Increase in Demand for Intelligent Virtual Assistants
Challenges:
Unreliability of AI Algorithms
Restraints:
Limited Number of AI Experts
Opportunities:
Adoption of AI to Improve Customer Service and Rising Demand from Developing Countries
Market Leaders and their expansionary development strategies
In November 2020, Autodesk, the U.S. publicly listed software and services company that targets engineering and design industries, has acquired Norway’s Spacemaker, a startup that has developed AI-supported software for urban development.
In May 2020, Microchip Reveals Software Development Kit and Neural Network IP for Easily Creating Low-Power FPGA Smart Embedded Vision Solutions. As a significant addition to the solutions portfolio in this segment, Microchip’s VectorBlox Accelerator Software Development Kit (SDK) helps developers take advantage of Microchip’s PolarFire FPGAs for creating low-power, flexible overlay-based neural network applications without learning an FPGA tool flow.
"The FDA’s traditional paradigm of medical device regulation was not designed for adaptive artificial intelligence and machine learning technologies. Under the FDA’s current approach to software modifications, the FDA anticipates that many of these artificial intelligence and machine learning-driven software changes to a device may need a premarket review."
Key Target Audience
AI in Software Development Provider, Technology Investors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.