Worldwide Software Construction Components and Tools Forecast, 2020-2024

Worldwide Software Construction Components and Tools Forecast, 2020-2024

  • December 2020 •
  • 15 pages •
  • Report ID: 5683115 •
  • Format: PDF
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."