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Application Development Software - United Kingdom

United Kingdom

Highlights

Market definition

In-Scope/Out-of-scope

Market structure

Reports

Methodology

The United Kingdom is expected to witness a significant growth in the Application Development Software market.
By 2025, the projected revenue of the market in the United Kingdom is estimated to reach US$10.33bn.
This revenue is expected to exhibit a steady annual growth rate (CAGR 2025-2029) of 6.99%.
As a result, the market volume is projected to expand to US$13.54bn by 2029.
In terms of global comparison, it is noteworthy that United States is anticipated to generate the highest revenue in the Application Development Software market.
In 2025, United States is projected to generate a substantial revenue of US$97.64bn.
The United Kingdom is experiencing a surge in demand for application development software as businesses adapt to the digital landscape.

Revenue

Revenue Change

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Comparable Estimates - Software (Worldwide)

Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update: Jul 2024

Average Spend per Employee

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Key Players

Brand Shares (BETA)

Most recent update: Mar 2024

Source: Statista Market Insights

The Application Development Software market in United Kingdom has been experiencing steady growth over the past few years.

Customer preferences: Customers in the United Kingdom have been increasingly interested in application development software due to the rise of digital transformation in various industries. This has led to the need for businesses to have their own applications to stay competitive in the market. Additionally, the popularity of mobile devices has created a demand for mobile application development software.

Trends in the market: One trend in the Application Development Software market in United Kingdom is the adoption of low-code or no-code platforms. These platforms allow users to create applications without the need for extensive coding knowledge, making it more accessible for businesses of all sizes. Another trend is the integration of artificial intelligence and machine learning into application development software, allowing for more personalized and efficient applications.

Local special circumstances: The United Kingdom has a strong technology industry, with many startups and established companies focusing on software development. This has created a competitive market for application development software, with companies constantly innovating to stay ahead. Additionally, the United Kingdom has a large financial services industry, which has a high demand for secure and efficient applications.

Underlying macroeconomic factors: The United Kingdom's economy has been growing steadily, providing a stable environment for businesses to invest in application development software. Additionally, the government has been investing in digital infrastructure, such as the rollout of 5G networks, which will provide faster and more reliable internet access, making it easier for businesses to utilize cloud-based application development software. The United Kingdom's decision to leave the European Union has created some uncertainty, but it has not had a significant impact on the Application Development Software market in United Kingdom so far.

Global Comparison

Revenue Comparison

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices

Methodology

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.

Technology

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Software: market data & analysis - Background

Software: market data & analysis - Cover

Overview

Key Market Indicators

Population

Telecommunication

Business Cycle

Exchange Rates

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Jan 2025

Source: Statista Market Insights

Explore more high-quality data on related topic

Software development - statistics & facts

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.