Application Development Software - United States

United States

The United States is set to dominate the Application Development Software market, with projected revenue of US$91.95bn in 2024.
This impressive figure is expected to grow at a compound annual growth rate (CAGR) of 5.71% from 2024 to 2029, resulting in a market volume of US$121.40bn by 2029.
It is worth noting that United States will generate the highest revenue globally, with US$91.95bn in 2024.
The United States is witnessing a surge in demand for application development software, fueled by the country's robust tech industry and innovation ecosystem.

Key regions: United Kingdom, United States, Australia, France, Germany

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Analyst Opinion

The demand for Application Development Software in the United States has been on the rise in recent years, driven by various factors such as technological advancements, increasing adoption of cloud-based solutions, and the growing need for automation in businesses.

Customer preferences: With the increasing popularity of mobile devices and the internet, customers in the United States are increasingly demanding faster and more efficient software solutions. This has led to a growing preference for cloud-based software that can be accessed from anywhere, at any time. Additionally, customers are also looking for software that can be easily integrated with other applications and platforms, allowing for greater flexibility and customization.

Trends in the market: One of the major trends in the Application Development Software market in the United States is the growing adoption of low-code and no-code development platforms. These platforms allow developers to create applications with minimal coding, reducing the time and cost associated with traditional software development. Another trend is the increasing use of artificial intelligence and machine learning in application development, allowing for greater automation and efficiency.

Local special circumstances: The United States is home to some of the world's largest technology companies, including Microsoft, Google, and Amazon. These companies are driving innovation in the software development industry, and their presence has led to a highly competitive market. Additionally, the United States has a highly skilled workforce, with many developers and engineers trained in the latest technologies and programming languages.

Underlying macroeconomic factors: The United States has a strong economy, with a high level of technological development and innovation. This has led to a growing demand for software solutions across various industries, including healthcare, finance, and manufacturing. Additionally, the COVID-19 pandemic has accelerated the adoption of digital technologies, further driving the demand for Application Development Software in the United States.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.