Application Development Software - Taiwan

In 2024, the projected revenue in the Application Development Software market in Taiwan is expected to reach US$1.27bn.
This market segment is anticipated to show an annual growth rate (CAGR 2024-2029) of 7.29%, leading to a market volume of US$1.81bn by 2029.
When compared globally, United States is expected to generate the highest revenue in this market segment, with US$91.95bn in 2024.
Taiwan has emerged as a leading hub for application development software, attracting top talent and fostering innovation in the software market.

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

Taiwan, a country known for its technological advancements, has been experiencing a steady growth in the Application Development Software market.

Customer preferences: In Taiwan, there is a high demand for Application Development Software that can cater to the needs of the rapidly growing tech industry. Customers prefer software that is easy to use, customizable, and can integrate with other tools. Additionally, there is a growing trend towards cloud-based solutions as they offer cost-effective and flexible options.

Trends in the market: One of the major trends in the Application Development Software market in Taiwan is the rise of low-code platforms. These platforms allow for faster development and deployment of applications, making it easier for businesses to meet their software needs. Another trend is the increasing adoption of DevOps practices, which emphasizes collaboration and automation between development and operations teams. This has led to an increased demand for tools that can facilitate this process.

Local special circumstances: Taiwan is home to many small and medium-sized enterprises (SMEs) that have specific software needs. These businesses often require customized solutions that can be tailored to their unique requirements. Additionally, Taiwan has a highly skilled workforce that is capable of developing complex software solutions. This has led to the growth of a vibrant software development community, which has been instrumental in driving innovation in the industry.

Underlying macroeconomic factors: Taiwan's strong economic growth has been a key factor in the development of the Application Development Software market. The country's GDP has been steadily increasing over the years, driven by a thriving tech industry. Additionally, Taiwan has a highly educated workforce and a favorable business environment, which has attracted many foreign companies to set up operations in the country. This has led to an increased demand for software solutions that can help these companies manage their operations more efficiently.

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.