Application Development Software - South Africa

In South Africa, the revenue in the Application Development Software market is projected to reach US$666.50m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.23%, resulting in a market volume of US$860.00m by 2029.
When compared globally, United States is expected to generate the most revenue, with US$91.95bn in 2024.
South Africa's application development software market is witnessing a surge in demand as businesses seek to digitize their operations and enhance productivity.

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 demand for Application Development Software in South Africa is on the rise due to various factors.

Customer preferences: South African customers are shifting towards digitalization and automation, which has led to an increase in demand for Application Development Software. The need for customized applications that cater to specific business requirements is also driving the growth of this market.

Trends in the market: The market for Application Development Software in South Africa is witnessing a trend towards low-code and no-code platforms. These platforms enable users to develop applications with minimal coding knowledge, reducing the time and cost involved in the development process. Another trend is the adoption of cloud-based solutions, which offer scalability and flexibility to businesses.

Local special circumstances: South Africa has a large and growing small and medium-sized enterprise (SME) sector, which is a major contributor to the country's economy. These businesses are increasingly adopting digital solutions to streamline their operations and enhance their competitiveness. The government's focus on promoting entrepreneurship and innovation through initiatives such as the National Development Plan is also driving the growth of the Application Development Software market.

Underlying macroeconomic factors: South Africa's economy has been facing challenges in recent years, including high unemployment and slow economic growth. However, the country's digital economy has been growing rapidly, driven by factors such as increased internet penetration and smartphone adoption. This has created opportunities for businesses in the Application Development Software market to cater to the growing demand for digital solutions. Additionally, the government's investment in digital infrastructure, such as the rollout of 5G networks, is expected to further boost the growth of this market.

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.