Overview and Scope
AI-augmented software engineering refers to the integration of artificial intelligence (AI) techniques and technologies into the software development process to enhance productivity, automate repetitive tasks, improve code quality, and facilitate innovation. AI-augmented software engineering harnesses AI techniques and technologies to enable software developers to focus on higher-level tasks, foster creativity, and adapt to evolving project requirements more efficiently.
Sizing and Forecast
The artificial intelligence (AI) augmented software engineering market size has grown exponentially in recent years. It will grow from $2.17 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 46.4%. The growth in the historic period can be attributed to rising demand for efficient software development processes, increasing complexity of software systems, widespread adoption of agile and devops practices, expanding application of AI across different sectors, and increasing awareness about the benefits of AI-augmented software engineering among businesses.
The artificial intelligence (AI) augmented software engineering market size is expected to see exponential growth in the next few years. It will grow to $4.68 billion in 2028 at a compound annual growth rate (CAGR) of 46.6%. The growth in the forecast period can be attributed to increasing investment in AI technologies, growing adoption of cloud computing, ongoing emphasis on digital transformation initiatives, and an and an increasingly competitive business environment. Major trends in the forecast period include technological advancements in AI and machine learning capabilities, integrating AI technologies into various stages of the software development lifecycle, advancements in natural language processing (NLP) technologies, AI-powered testing tools and platforms, and adopting AI-based code analysis tools.
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The artificial intelligence (ai) augmented software engineering market covered in this report is segmented –
1) By Component: Machine Learning, Deep Learning, Other Components
2) By Tool: Conversational AI Models, Autonomous Testing Tools, AI-Based Debugging Tools, Other Tools
3) By Use: Creating Code, Bug Fixing, Software Testing, Other Uses
4) By End User: Software Development Companies, Startups, Independent Developers, Government Organizations, Research And Academic Institutions, Other End-Users
North America was the largest region in the artificial intelligence (AI) augmented software engineering market in 2023. The regions covered in the artificial intelligence (AI) augmented software engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise of cloud computing is expected to propel the artificial intelligence (AI)-augmented software engineering market going forward. Cloud computing refers to delivering services over the internet to offer faster innovation, flexible resources, and economies of scale. The rise in cloud adoption is due to its scalability, cost-effectiveness, flexibility, and accessibility, which empower businesses to streamline operations and innovate faster. AI-augmented software engineering is increasingly employed in cloud computing to automate development processes, optimize resource allocation, and enhance efficiency. For instance, in December 2023, according to a report published by Eurostat, the Luxembourg-based statistical office of the European Union, 45.2% of EU enterprises had purchased cloud computing services in 2023. This marked a 4.2 percentage point increase compared to 2021. Therefore, the rise of cloud computing drives the growth of the artificial intelligence (AI)-augmented software engineering market.
Key Industry Players
Major companies operating in the artificial intelligence (AI) augmented software engineering market report are Alphabet Inc.; Meta Platforms Inc.; Amazon Web Services Inc.; Intel Corporation; International Business Machines Corporation; Oracle Corporation; SAP SE; NVIDIA Corporation; Salesforce.com Inc.; Cognizant Technology Solutions Corporation; Baidu Inc; Adobe Inc.; Infosys Limited; Alibaba Cloud; HCL Technologies Limited; Wipro Limited; Palantir Technologies Inc.; OpenAI; DeepMind Technologies Limited ; DataRobot Inc.; LeewayHertz Technologies Pvt. Ltd.; eSparkBiz Technologies Pvt. Ltd.; Markovate Inc.; DataToBiz Pvt. Ltd.; Nettyfy Technologies Pvt. Ltd.
The artificial intelligence (ai) augmented software engineering market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) Augmented Software Engineering Market Characteristics
3. Artificial Intelligence (AI) Augmented Software Engineering Market Trends And Strategies
4. Artificial Intelligence (AI) Augmented Software Engineering Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) Augmented Software Engineering Market Size and Growth
…….
32. Global Artificial Intelligence (AI) Augmented Software Engineering Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) Augmented Software Engineering Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Augmented Software Engineering Market
35. Artificial Intelligence (AI) Augmented Software Engineering Market Future Outlook and Potential Analysis
36. Appendix
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