Application Development Software - India

The Application Development Software market in India is expected to witness a significant growth in revenue, with projections indicating that it will reach US$2.52bn by 2024.
Furthermore, the market is expected to maintain a steady annual growth rate (CAGR 2024-2029) of 11.36%, resulting in a market volume of US$4.31bn by 2029.
When compared on a global scale, United States is anticipated to generate the highest revenue in the market, with an estimated value of US$91.95bn in 2024.
India's booming tech industry has led to a surge in demand for application development software, making it a lucrative market for software companies.

Definition:

The Application Development Software market covers software development tools used by developers to design, create, test, and deploy applications. These applications can be anything from mobile apps and web-based software to complex enterprise applications. Examples of software solutions in the Application Development Software market include a wide range of tools and technologies, such as integrated development environments (IDEs), code editors, compilers, debuggers, testing and deployment tools, and programming languages.

Products in the Application Development Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Application Development Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G).

Key players in this market include Microsoft (Visual Studio), Eclipse, IntelliJ IDEA, NetBeans, and Xcode.

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Application development software, such as Simplifier, Salesforce Platform, and Microsoft Visual Studio
Application and infrastructure middleware, such as Oracle Fusion Middleware, IBM WebSphere Application Server, and Microsoft BizTalk Server
Data management software, such as AWS, SAP Master Data Governance, and SQL Server Integration Service
Application platforms, such as Zoho Creator, Quickbase, and Salesforce Platform
Platform as a service (PaaS), such as Microsoft Azura, Google Cloud, and Engine Yard

Collaboration software, such as Google, Slack, and Zoom
Business intelligence and analytic software, such as Tableau, Zoho Analytics, and IBM
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Application Development Software market in India has been experiencing significant growth in recent years.

Customer preferences: The Indian market has shown a strong preference for cloud-based application development software, as it allows for greater flexibility and scalability. Additionally, there has been an increasing demand for low-code or no-code platforms, which allow for faster and more efficient application development.

Trends in the market: One major trend in the Indian market is the rise of mobile application development. With the increasing penetration of smartphones and internet connectivity, there has been a growing demand for mobile applications across various sectors. Another trend is the adoption of artificial intelligence and machine learning in application development, which has led to the development of more intelligent and intuitive applications.

Local special circumstances: India has a large pool of skilled software developers and engineers, which has made it an attractive destination for outsourcing application development projects. Additionally, the Indian government has been promoting the growth of the software industry through various initiatives such as the Digital India campaign and the Start-up India program.

Underlying macroeconomic factors: India has one of the fastest-growing economies in the world, with a large and rapidly expanding middle class. This has led to increased demand for technology and software products across various sectors. Additionally, the Indian government has been investing heavily in digital infrastructure, which has created a favorable environment for the growth of the software industry.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.