TECH SUPPLIER Dec 2021 - Market Forecast - Doc # US47924422
Worldwide Development Languages, Environments, and Tools Forecast, 2021–2025
This IDC study provides a worldwide forecast for 2021–2025 for the development languages, environments, and tools market. The study provides the market size of the worldwide DLET market in 2020 and a five-year forecast through 2025 by geographic region and deployment type. This document updates the market forecast included in Worldwide Development Languages, Environments, and Tools Forecast, 2020–2024 (IDC #US46529720, June 2020).
"IDC projects strong growth for the DLET market with a total market CAGR of 7.1% through 2025. Growth of the market is driven by an intensified awareness of the importance of digitization as a means of transforming and pivoting business operations. The COVID-19 pandemic underscored the importance of rapid application development, increased development-related automation, and enhanced developer and operational agility," said Arnal Dayaratna, research director, Software Development at IDC. "The pandemic reinforced the need for all enterprises to become software companies and acquire capabilities to become producers of software as opposed to consumers of software."
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