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Market Research Report

Worldwide Software Construction Components and Tools Forecast, 2020-2024

Published by IDC Product code 979534
Published Content info 15 Pages
Delivery time: 1-2 business days
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Worldwide Software Construction Components and Tools Forecast, 2020-2024
Published: December 22, 2020 Content info: 15 Pages
Description

This IDC study examines the software construction components and tools market. The market experienced modest growth in 2019 but is expected to deliver strong growth in the years ahead."The software construction components and tools market remains central to digital transformation initiatives worldwide," notes Arnal Dayaratna, research director, Software Development at IDC. "Growth drivers for the software construction components market include renewed recognition of the importance of accelerated developer velocity as a result of the COVID-19 pandemic. This recognition of the importance of developer velocity applies to both net-new application development and the modernization of legacy applications. As enterprises come to terms with the need to digitize business processes, software construction components play a key role in enabling developers to achieve the velocity and agility required to transform business operations. In particular, software construction components are critical for any front-end-enabled application because of their ability to accelerate and simplify development."

Table of Contents
Product Code: US45930220

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

  • Ensure Components Are Easily Discoverable
  • Provide Tools That Empower Developers to Create Custom Components
  • Recognize the Importance of Voice
  • Prioritize Inclusive Design

Market Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Accelerated Developer Velocity Due to COVID-19
      • UI/UX
      • Digitization as a Result of COVID-19
      • Increased Adoption of Progressive Web Applications and Responsive Web Applications
      • Rollout and Increased Adoption of 5G
    • Inhibitors
      • Increased Adoption of Microservices
  • Significant Market Developments
    • COVID-19 Underscores the Importance of Enhanced Developer Velocity and Agility
    • Low-Code Development Arrives
    • Increased Prioritization of User Experience
  • Changes from Prior Forecast

Market Definition

Methodology

  • Historical Market Values and Exchange Rates
  • Forecast Market Values and Exchange Rates

Related Research

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