Market Insights Technology Software Enterprise Software

AI Development Tool Software - Africa

Africa

Revenue in the AI Development Tool Software market is projected to reach US$202.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.09%, resulting in a market volume of US$328.00m by 2029.
The average Spend per Employee in the AI Development Tool Software market is projected to reach US$0.39 in 2024.
In global comparison, most revenue will be generated in the United States (US$2,227.00m in 2024).

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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.