Global AI in Software Development Market Overview:
AI algorithms and advanced analytics allow software development teams to make instant decisions using real-time data at scale. AI applications perform complex and intelligent functions associated with human thinking. AI algorithms can automate the coding process by using the analyzed data to help developers create accurate code, leading to more efficient, agile, and scalable workflows.
- Growth in Big Data
- Increase in Demand for Intelligent Virtual Assistants
- Technologies in Development of Apps and Websites is the Chatbot
- Limited Number of AI Experts
- Adoption of AI to Improve Customer Service
- Rising Demand from Developing Countries
- Unreliability of AI Algorithms
This market is fragmented by market-leading players who are highly focusing on production technologies, improving production efficiency, and service life. With the growing number of opportunities in the market, these market potentials are captured by tracking the ongoing process improvement and by invest in market strategies.
Some of the key players profiled in the report are Microchip Technology Inc. (United States), N-iX (Ukraine), QBurst (United States), Intellectsoft LLC (United States), Softserve Inc (United States), RapidMiner (United States), KONUX (Germany), Intel (United States), Micron Technology (United States), IBM (United States), Microsoft (United States), Google Inc (United States) and Oracle (United States). Additionally, following companies can also be profiled that are part of our coverage like Salesforce (United States), SAS (United States) and Cisco (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global AI in Software Development market by 2025. Considering Market by Development Knowledge, the sub-segment i.e. Planning will boost the AI in Software Development market. Considering Market by Programming Language, the sub-segment i.e. Python will boost the AI in Software Development market.
In May 2020, Microchip Reveals Software Development Kit and Neural Network IP for Easily Creating Low-Power FPGA Smart Embedded Vision Solutions. As a significant addition to the solutions portfolio in this segment, Microchip’s VectorBlox Accelerator Software Development Kit (SDK) helps developers take advantage of Microchip’s PolarFire FPGAs for creating low-power, flexible overlay-based neural network applications without learning an FPGA tool flow.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global AI in Software Development market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in AI in Software Development market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes AI in Software Development Provider, Technology Investors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.