Market
Study of the Market Size of IT Developers in the World and the Growth Potential of this Area in the Coming Years
Last updated
Study of the Market Size of IT Developers in the World and the Growth Potential of this Area in the Coming Years
Last updated
According to the latest reports, the global software developer market is constantly growing. For example, the app development market was valued at approximately USD 197.2 billion in 2021 and is forecast to reach approximately USD 583.03 billion by 2030, with a compound annual growth rate of 12.8%
Furthermore, the software development market in general has been positively impacted by technological advancement and the digitalization of business processes. Demand for applications and software continues to grow, driven by business process automation and the growing amount of enterprise data . McKinsey also highlights Brazil as a country with a strong internet connection and high investment in innovation, factors that contribute to the heated scenario for technology professionals and developers
Additionally, JetBrains "State of the Developer Ecosystem" survey reveals important details about the global developer community and its trends. It is estimated that the global population of software developers will reach approximately 29 million professionals by 2023. This number has grown consistently over the years, driven by the growing demand for digital solutions across all sectors of the economy
Approximately 4 in 5 employers report difficulty finding the talent they need in 2023. The growth rate was 2 percentage points compared to the previous year, and more than double the level recorded in 2013, with Brazil, France and Germany within the 15 countries with the highest Talent Shortage rates
This data demonstrates the importance and significant reach of the developer market globally, indicating a promising and constantly evolving scenario for these professionals
This study is based on a combination of secondary data analysis from recognized industry sources, such as the US Bureau of Labor Statistics, the European Union, and market research reports from companies like Gartner, JetBrains and IDC. Furthermore, global economic projections were considered to assess the potential impact on the IT developer market
According to recent data, there are approximately 29 million IT developers worldwide. This number has been consistently growing over the years, driven by the increasing demand for digital solutions in all sectors of the economy
The size of the developer market is calculated taking into account several factors that directly influence the demand for technology professionals. To estimate the size of this market, it is essential to consider the current technology scenario, software development market trends and the costs involved in the process.
Demand for technology: With the increasing digitalization of sectors, the demand for technology professionals, including software developers, has increased significantly
Trends in the software development market: Current and future trends, such as the use of factories and software development platforms, directly influence the need for qualified professionals
Costs involved in software development: Software development costs, including contracting options, staff experience and the developer's region of origin, impact the size of the developer market
Based on the identified growth factors, the number of IT developers worldwide is projected to reach up to 35 million by 2030. This growth will be primarily driven by the continuous need for technological innovation and the expansion of the digital economy
According to forecasts and analyzes made by different sources, the developer market in the world is constantly growing and presents diverse opportunities for professionals in the field. On the global stage, Gartner predicts an 8% increase in investments in Information Technology in 2024, with a total amount of US$5.1 trillion
The software development sector is constantly growing. In the coming years, a significant increase in the software development market is expected, with optimistic projections both in terms of revenue and demand for qualified developers. For example, the global software development market is expected to reach US$353.50 billion by 2024 . Furthermore, the number of software developers in the world is expected to reach 28.7 million in the same year
Current market trends highlight the importance of innovative technologies such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), cloud computing in software development and cryptocurrencies. These technologies are driving industry growth and creating new opportunities for IT professionals
Furthermore, forecasts for the coming years suggest a growing demand for personalized solutions, integration of AI and ML, increased concern about cybersecurity, and expansion of mobile app development. Therefore, investing in skills related to these technologies and keeping up with industry trends can be crucial to taking advantage of growth opportunities in the software development market in the coming years
Contribution to the global software developer market comes from various regions and countries around the world, each with its own characteristics and impact on the industry. According to a study by the European Center for Digital Competitiveness, Europe has stood out as a region that stimulates digital innovation. Furthermore, Latin America has also been gaining prominence in the area of software development, with Brazil being among the main countries with developers on GitHub
In Brazil, the ICT software and services market showed significant growth, with the industry employing a relevant portion of the sector's workforce. According to ABES and IDC, the country has remained prominent in the software development scenario, presenting promising numbers and trends for the following years
Meanwhile, Asia and the United States also play a key role in the global developer market, with technology companies and innovative startups driving the progress and evolution of the software industry in their respective regions
In terms of significant differences between these regions, we can see variations in market size, software development trends, and growth opportunities. Each region has unique characteristics that shape its contribution to the global developer market, directly influencing the dynamics and evolution of the sector
The IT developer market is poised for significant growth in the coming years, driven by the continuous digitalization of businesses and technological innovation. However, to fully capitalize on these opportunities, it will be essential to address challenges related to talent shortages and the need for continuous professional development. Organizations and governments will play a crucial role in supporting the training and retraining of IT developers, ensuring the sector can meet future demand and continue to be a key driver of global economic growth
