target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Forecast - Doc Document number: # US49418623
Worldwide Development Languages, Environments, and Tools Forecast, 2023–2027
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Abstract
This IDC study provides a worldwide forecast for 2023–2027 for the development languages, environments, and tools market. The study provides the market size of the worldwide DLET market in 2022 and a five-year forecast through 2027 by geographic region and deployment type. This document updates the market forecast included in Worldwide Development Languages, Environments, and Tools Forecast, 2022–2026 (IDC #US48816222, June 2022).
"IDC projects strong growth for the developer tools market with a total market CAGR of 7.8% through 2027. Growth of the market is expected to be driven by the maturation and proliferation of generative AI developer tools," said Arnal Dayaratna, research vice present, Software Development at IDC. "The generative AI revolution is likely to spawn a new wave of digitization that expands the universe of use cases amenable to digitization and democratizes development to professional resources who have skills specific to the use of natural language to optimize outputs from AI-based developer tools."