The software development industry is one of the fastest-growing industries today. In this digital era, software plays a pivotal role in everything:  From our smartphones to complex enterprise systems.

The global software market is expected to reach $507.23 billion by 2025. Since the last decade the software development sector has been more innovative with the adoption of technologies such as adopting Machine Learning (ML), Artificial Intelligence (AI), and Big data.

Key Software Development Statistics

What is the future of software development? We have complied some important statistics that is imperative for businesses and their development teams. 

1. There are currently 26.9 million software developers in the world.
2. By 2024, the IT sector is expected to surpass its pre-pandemic position, boasting an estimated Compound Annual Growth Rate (CAGR) of 5%.
3. Only 25% of software developers hold a degree in computer engineering or computer science.
4. Rust remains the most loved programming language, with over 86.73 percent of respondents in favor of the language. 
5. Node.JS and React.JS are the most commonly used web frameworks in the software development industry.
6. JavaScript is the most popular programming language, with 63.61% of developers using it as their primary language.
7. India is the IT outsourcing destination of the world, accounting for 65% of the worldwide population.
8. Asia has the highest number of application developers, accounting for 32.9% of the professional population. 
9.  Around 54% of software engineers claim to be more productive when they work from home.
10. In the software industry, 84.70% of surveyed companies specialize in developing Enterprise Applications for clients.
11. The number of unfilled positions in the software development industry is expected to reach 85.2 million by 2030.
12. Approximately 75% of the software development workforce is composed of male developers.
13. 77% of software developers would choose to use PHP if they could.
14. Selenium is the most popular testing software (38.5%).
15. With a 43.5% job satisfaction level, the gaming industry has the highest number of happy software developers.
16. Jira is the most-used tool for managing software development projects by 50%. 
17. Artificial intelligence in software will reach $126 billion in revenue by 2025.
18. Organizations are outsourcing software development to countries like India.
19. By 2025, the Internet of Things (IoT) is projected to encompass more than 75 billion devices worldwide, a staggering threefold increase from 2019.
20. Nearly 69% of businesses have embraced cloud computing technology.
21. Python stands out as the fastest-growing programming language, with an impressive 70% of ML developers choosing it for their projects.

Bottom Line: Software Development Statistics

software development industry is becoming inevitable for our future. New Technology developments such as AI, ML and cloud services will surely grow and expand this industry.

Staying updated with us for the latest software trends!!