20+ Software Development Statistics and Facts (2024)

20+ Software Development Statistics and Facts (2024)

This is a tech-evolving world and software development industry is one of the fastest-growing industries of our time. Software development is crucial in everything: from our smartphones to complex industrial systems.

Software Development

In 2024, we can expect to see a lot of changes in the field like AI-driven tools and platforms. As many companies are more reliant on digital technology to help them operate, software development industry is valuable and irreplaceable in future.

Essential Software Development Statistics and Facts

It’s essential to understand the landscape of software development and stay informed on the latest industry trends and statistics. Let’s focus on some of the software development statistics, facts and trends for the year 2024.

  1. The employment of software engineers would increase by 22% between 2019 and 2029.
  2. IT Outsourcing is assured to grow by 4.42%
  3. There are estimated to be around 6 million Android developers and 2.8 million iOS developers worldwide. 
  4. 48.42% software developers are between the ages of 25 and 34.
  5. The age group of 18 to 24 makes up 19.8% of the software developer population.  
  6. Around 29% software developers contribute to open-source software and see it as an exciting challenge.
  7. Almost 50% of software developers use JIRA, a popular project management system.
  8. 70% of software developers have used JavaScript in the last 12 months.
  9. HTML came in second with 61%, and SQL came in third with 56% as the most used languages.
  10. The global number of software developers is foreseen to reach 28.7 million by 2024.
  11. India is projected to replace the US as the country with the highest number of software developers by 2024.
  12. The software development industry is dominated by men (91.88%), while the minority is comprised of women (5.17%).
  13. 29% of software developers worldwide have spent between five to nine years coding, while 19% have about one to four years of experience.
  14. The most-used web framework among global software developers is Node.js (47.12%), followed by React.js (42.62%).
  15. 84.7% of software development projects are based on enterprise applications. 
  16. The complex software development costs up to $1 million.
  17. Approximately 15.40% of companies provide Customer Relationship Management software solutions.
  18. By 2025, the Internet of Things (IoT) is projected to encompass more than 75 billion devices worldwide, a staggering threefold increase from 2019.
  19. Nearly 69% of businesses have embraced cloud computing technology.
  20. Python stands out as the fastest-growing programming language, with an impressive 70% of ML developers choosing it for their projects.
  21. 61% of software developers use Windows, making it the primary development environment.

Conclusion: How these software development stats will help you?

In terms of demand, software development is among the fastest-growing industries in the world. Advancement of technologies like Artificial Intelligence, Machine Learning, and IoT have significantly impacted the software development sector.

The above statistics will help in getting a better grasp of the sector’s current state so that they can use to their advantage.