AI Code Tools Market Size Worth $27.17 Billion By 2032 | CAGR: 23.8%

The global AI code tools market size is expected to reach USD 27.17 billion by 2032, according to a new study by Polaris Market Research. The report “AI Code Tools Market Share, Size, Trends, Industry Analysis Report, By Offering (Tools, Services); By Technology; By Application, By Industry Vertical, By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for AI code tools has increased significantly due to the concerns of developers related to complicated coding tasks. Moreover, the introduction of low-code and no-code AI platforms will propel the market growth in the upcoming years. For instance, in October 2023, GEP announced the launch of the GEP QUANTUM. Furthermore, the need to help developers with difficult coding tasks and the rising demand for automated solutions in various industries are driving the growth of the AI code tools market.

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AI code tools are becoming increasingly popular owing to the rising demand for software development and the growing requirement to help developers with challenging coding tasks. Moreover, the market growth is also driven by the ability of AI code tools to save the time of developers for complicated tasks. Furthermore, the increasing need for automation and the emergence of new and innovative applications of artificial intelligence in various industries will drive the AI code tools market growth in the upcoming years.

The large pool of skilled professionals, including data scientists, software developers, and AI engineers in developing countries, will significantly contribute to the high adoption of AI code tools during the forecast period. Moreover, rising software requirements across various industries coupled with the strong focus of developing countries on digital transformation are expected to provide long-term opportunities for market growth. Additionally, the introduction of cutting-edge AI coding tools and the developers’ need to reduce software complexities will fuel the market growth in the projected years.

AI Code Tools Market Report Highlights

• The services segment is expected to witness significant growth, owing to the assurance of smooth operations of AI solutions provided by service providers.
• The machine learning segment dominated the market, owing to the accuracy and relevancy of code recommendations provided by machine learning algorithms.
• The cloud services & DevOps segment is anticipated to register a significant CAGR, owing to the well-suitability of AI code tools to DevOps workflows.
• BFSI segment dominated the market, owing to the growing adoption of AI code tools in financial institutions, banks, and insurance companies.
• North America dominated the AI code tools market, owing to the strong focus on innovation and increasing AI research in the U.S.
• The market players include IBM Corporation, Microsoft Corporation, Google LLC, Amazon Web Services, Inc., OpenAI, Meta Platforms Inc., Sourcegraph, etc.

Polaris Market Research has segmented the AI code tools market report based on offering, technology, application, industry vertical, and region:

AI Code Tools, Offering Outlook (Revenue - USD Billion, 2019 - 2032)

• Tools
  • Cloud-based
  • On-premise
• Services
  • Professional Services
    • Consulting
    • Training
    • System Integration & Implementation
    • Support & Maintenance
  • Managed Services

AI Code Tools, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• Machine Learning
• Deep Learning
• Natural Language Processing (NLP)
• Generative AI

AI Code Tools, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Data Science & Machine Learning
• Cloud Services & DevOps
• Web Development
• Mobile App Development
• Gaming Development
• Embedded Systems
• Others

AI Code Tools, Industry Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

• BFSI
• IT & Telecom
• Healthcare
• Manufacturing
• Retail & E-commerce
• Government
• Media & Entertainment
• Others

AI Code Tools, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

AI Code Tools Market Report Scope