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PUBLISHER: IDC | PRODUCT CODE: 1558645

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PUBLISHER: IDC | PRODUCT CODE: 1558645

Worldwide Software Construction Components and Tools Forecast, 2024-2028

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PAGES: 18 Pages
DELIVERY TIME: 1-2 business days
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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."

Product Code: US52546324

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

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