How big is the Software Development Market | Industry Trends & Forecast 2025

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Code: MTA8662

Publication Date: Sep 2025

What is the size of Software Development Market?

According to 6Wresearch internal database and industry insights, the Software Development Market was valued at USD 0.57 trillion in 2024 and is expected to reach USD 1.04 trillion by 2031, growing at a CAGR of 12.9% during the 2025-2031 period.

The key factors for growth in the Software Development Market are the increased consumption of functional beverages, increased consumer health and wellness emphasis, and increased incorporation of adaptogenic ingredients and supplements to mediate stress and improve cognition.

Growth Factors for Software Development Market

Significant enterprise interest in AI-enabled tooling and fast cloud-native adoption.
Continued low-code and no-code platforms are reducing solutions for entry and engagement, especially for SMEs.
The increased appetite for digital transformation across sectors is creating greater demand and investment.
Significant contributions from generative AI are enhancing coding productivity.
Cloud deployments, cloud-native, are commanding the bulk of current spend and accelerating growth.

Software Development Market Trends

Emerging trends in the Software Development Market include the advancement of AI-enabled productivity tools, like generative code assistants are driving productivity, greater democratization of development through low-code and no-code deployment, and continued expansion of cloud-native and serverless growth.Cloud deployment models capture the majority of current spend and continue to accelerate growth.SMEs continue to play an important role in the expansion of the Software Development Industry with growth in certain end-user sectors, particularly healthcare and IT.

Emerging Developments in the Software Development Market

A notable development in the Software Development Market is the surge in AI-enabled tooling, where generative AI contributes significantly to enterprise code output, reshaping productivity standards.Cloud deployments are expanding rapidly, with cloud-native and serverless architectures gaining share.Meanwhile, low-code and no-code demand is advancing fast among SMEs, and digital-transformation mandates are stretching adoption across enterprise verticals.