What is Generative AI in Software Development?

Generative AI refers to technology that can autonomously produce outputs such as images, text, or even code based on input data or parameters. In software development, Generative AI is utilized to automate various tasks, from generating code snippets to designing user interfaces.

How big is Generative AI In Software Development Market?

The Global Generative AI In Software Development Market size is expected to be worth around USD 287.4 Billion by 2033, from USD 41.0 Billion in 2023, growing at a CAGR of 21.5% during the forecast period from 2024 to 2033.

Which component analysis segment accounted for the largest Generative AI in Software Development market share?

In 2022, the Services segment held a dominant position in the Generative AI in Software Development market, capturing a significant share.

Who are the key players in the Generative AI in Software Development market?

Google, Microsoft, IBM, OpenAI, DeepMind, Amazon Web Services (AWS), Alibaba Cloud, GitHub Copilot, Hugging Face, Codota, SourceAI, AI21 Labs are some of the prominent players present in the Generative AI in Software Development market.

Which region has the biggest share in Generative AI in Software Development market?

In 2022, North America held a dominant market position in the application of generative AI in software development, capturing more than a 36.6% share.