According to a global software developer survey in 2022, the vast majority of developers are males, accounting for ***** percent of all respondents. Female developers amounted to only **** percent of all respondents, demonstrating the male-dominating reality of software development jobs. Gender imbalance in the tech industry The tech industry has an overwhelming gender imbalance, in which women at leading tech companies tend to be the minority. Consider Dell’s workforce and Intel’s workforce as an example. In both leading tech companies, women make up only around ** percent of the workforce. Computing related positions in the United States vary on gender breakdown, with computer hardware engineers ranking the lowest in terms of gender diversity as of late. Diversity & inclusion initiatives When tech industry CEOs and founders were asked whether diversity and inclusion (D&I) initiatives were effective, **** indicated that they were not effective. This comes at an interesting time, especially given the overall gender imbalance in the tech industry. Not to mention, the majority of senior management positions within the IT industry are dominated by men. Diversity and inclusion initiatives could help to resolve workplace harassment and unequal treatment that many female executives experience within the tech industry today.

Website creation software developers have become more popular as the world has become more digital. As such trends have been happening since the dawn of the internet, the need for websites has gone up, helping this industry out. More efforts in expanding internet access through broadband numbers going up have also been helping this industry. Companies need websites to market their services and products for those browsing online, as a higher number of those online boosts the number of those who need and will be using such type of software to be more dialed in on such trends. Revenue has gone up by a CAGR of 7.1% through the end of 2024, reaching $14.8 billion, including a 2.1% rise in 2023 alone. More consumers and businesses are moving online, fueling the need for websites to handle such activity. The difficulties of making a website for those who aren't tech-savvy have been helping this industry because of its ready-to-deploy software that can be downloaded on the spot. Remote work has also been giving rise to how much business activity is done online, boosting the need for websites to capture such activity for those browsing the web more than ever. High costs have been a bane for this industry; the need for a talented workforce remains important. As such, profit has gone down during this period. Online services are expected to become increasingly integrated into daily life through 2029. New features will necessitate more website updates, as companies need to update their websites. As individual saturation with the internet expands, companies must find new ways to generate more revenue. Hikes in subscription fees will be one way that companies enhance their market positions. Overall, industry revenue is expected to grow at a CAGR of 2.4% through 2028, reaching $17.2 billion.

The most popular programming language used in the past 12 months by software developers worldwide is JavaScript as of 2024, according to ** percent of the software developers surveyed. This is followed by Python at ** percent of the respondents surveyed.

According to Cognitive Market Research, the global Application Development Software market size will be USD 215642.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 20.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 862522.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 64692.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 49597.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 10782.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 4312.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.3% from 2024 to 2031.
In 2023, the large enterprise sector generated a revenue share

Market Dynamics of Application Development Software Market

Key Drivers for Application Development Software Market

The Increase in Demand for Customized Apps and Its Effect on the Application Development Software Market

The growing need for customized apps is projected to drive the application development software industry. Customized apps include advantages such as adaptability to hybrid contexts, the ability to serve specific and complex demands, ease of integration with platforms, and improved performance. According to a survey conducted by SmarterHQ, a US-based provider of a customer intelligence-driven marketing automation platform, on Data Privacy and Consumer Trust, 72% of consumers say they only engage with personalized messaging, and 80% of frequent shoppers only shop with brands that personalize the online experience.

Smartphone Adoption Propels Application Development Software Market Growth

The increased adoption of smartphones is likely to drive future growth in the application development software industry. A smartphone is a handheld electronic device that combines mobile phone capabilities with a wide range of features, functionalities, and applications, such as internet surfing, email, a camera, multimedia playback, and third-party applications. The widespread usage of smartphones has increased demand for mobile applications, as well as the creation of a diverse set of mobile app development tools and frameworks.

Restraint Factor for the Application Development Software Market

Security and Compliance Issues

As the number of apps produced and deployed grows, security and compliance concerns become increasingly important. It can be not easy to ensure application security, secure user data, and comply with requirements such as GDPR or HIPAA. Application development software must include strong security features; failure to do so might result in data breaches or legal ramifications, impeding market growth.

Impact of Covid-19 on the Application Development Software Market

The COVID-19 epidemic had a tremendous impact on the application development software market. As organizations increased their digital transformation projects to accommodate remote work and online services, there was an increase in demand for application development tools to support these efforts. This resulted in greater investment in software solutions for developing and improving digital applications. However, supply chain interruptions and economic uncertainty initially hampered market growth. Introduction of the Application Development Software Market

Application development software refers to a set of processes for designing, creating, installing, using, and supporting computer software. Computer programmers frequently do this. Computer software is distinct from hardware and can be characterized as a set of instructions or orders that direct a computer to do various tasks, such as word processing or web browsing programs. It can be accomplished by major corporations with large teams working on projects or by a single freelance developer. Application development defines the process of creating an application and often adheres to a specified methodology....

Developer Market Outlook

The global developer market size was valued at USD 150 billion in 2023 and is projected to reach USD 300 billion by 2032, growing at a compound annual growth rate (CAGR) of approximately 8%. The remarkable growth of this market can be attributed to the ever-increasing demand for software solutions, innovative mobile applications, and digital transformation initiatives across various industries.

One of the key growth factors driving the developer market is the rapid advancement in technology, particularly in artificial intelligence (AI), machine learning (ML), and blockchain. These technological advancements necessitate the development of more sophisticated software and applications, thereby creating a robust demand for skilled developers. Additionally, the proliferation of the Internet of Things (IoT) and the expansion of cloud computing services are contributing significantly to the growth of this market. Companies are increasingly adopting these technologies to streamline operations, enhance customer experiences, and gain competitive advantages, further fueling the demand for developers.

The exponential growth of the e-commerce sector is another pivotal factor driving the developer market. With more businesses shifting to online platforms, there is an escalating need for web developers, mobile app developers, and software developers to create user-friendly and secure e-commerce websites and applications. The increasing importance of cybersecurity also plays a crucial role in this market's expansion, as developers are required to build robust security measures into their software to protect sensitive data from cyber threats. Furthermore, the growing emphasis on customization and personalization in consumer applications is compelling businesses to hire developers to create tailored solutions that meet specific customer needs.

Another significant growth driver is the rise of remote work and the gig economy. The COVID-19 pandemic has accelerated the adoption of remote work, leading to a surge in demand for digital collaboration tools and platforms. Developers play a critical role in creating and maintaining these tools, ensuring seamless communication and collaboration among remote teams. The gig economy, characterized by short-term contracts and freelance work, has also contributed to the growth of the developer market. Many developers are opting for freelance opportunities, providing their expertise to multiple clients and projects, which has, in turn, expanded the market.

From a regional perspective, North America is expected to hold the largest market share during the forecast period, followed by Europe and Asia Pacific. The strong presence of leading technology companies, high adoption rates of advanced technologies, and substantial investments in research and development are some of the factors contributing to the dominance of North America in the developer market. Europe is also witnessing significant growth due to the increasing demand for digital transformation across various industries. Meanwhile, the Asia Pacific region is anticipated to experience the highest growth rate, driven by the booming IT and telecommunications sector, increasing government initiatives to promote digitalization, and a large pool of skilled developers in countries like India and China.

Type Analysis

The developer market can be segmented by type into software developers, web developers, mobile app developers, game developers, and others. Each of these sub-segments plays a crucial role in the overall market, catering to different aspects of software and application development. Software developers, who create system software and application software, form the backbone of the development industry. They are responsible for designing, coding, testing, and maintaining software solutions that meet specific business requirements. As businesses continue to digitalize their operations, the demand for software developers is expected to remain strong, particularly in areas such as enterprise software, cybersecurity solutions, and AI-driven applications.

Web developers focus on building and maintaining websites and web applications. With the increasing shift towards online presence, businesses across various sectors are investing heavily in creating dynamic and interactive websites to engage their customers. This has led to a surge in demand for web developers who possess expertise in front-end, back-end, and full-stack development. Additionally, the growing importance of user experience (UX) and user interface (UI) design has further fueled the need for skilled w

Global Custom Software Development market size is expected to reach $120.22 billion by 2029 at 22%, segmented as by web-based solutions, custom web applications, e-commerce solutions, content management systems (cms)

A game developer survey in 2021 found that 61percent of responding game developers were men, while 30 percent were women. The share of female game developers is up from 21 percent in 2017. Approximately eight percent of game developers did not identify as either men or women.

AI Skilling For Developers In Large Enterprises Market size was valued at USD 9,727.16 Million in 2023 and is projected to reach USD 21,870.42 Million by 2031, growing at a CAGR of 12.27% from 2024 to 2031.

Global AI Skilling For Developers In Large Enterprises Market Overview

The AI skilling industry is witnessing notable advancements, particularly the rise of AI-driven individualized learning platforms. These platforms leverage machine learning and AI algorithms to offer tailored educational experiences, addressing the diverse needs, backgrounds, and abilities of learners. Additionally, the emergence of specialized AI boot camps and micro-credential programs is reshaping the skilling landscape. These initiatives provide focused, hands-on training that aligns closely with industry demands, enabling developers to quickly acquire proficiency in cutting-edge AI technologies.

CN: Total R&D Personnel: Compound Annual Growth Rate data was reported at 11.148 % in 2022. This records an increase from the previous number of 9.205 % for 2021. CN: Total R&D Personnel: Compound Annual Growth Rate data is updated yearly, averaging 8.624 % from Dec 1992 (Median) to 2022, with 29 observations. The data reached an all-time high of 18.409 % in 2005 and a record low of -9.143 % in 1998. CN: Total R&D Personnel: Compound Annual Growth Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.MSTI: Number of Researchers and Personnel on Research and Development: Non OECD Member: Annual.

The national breakdown by source of funds does not fully match with the classification defined in the Frascati Manual. The R&D financed by the government, business enterprises, and by the rest of the world can be retrieved but part of the expenditure has no specific source of financing, i.e. self-raised funding (in particular for independent research institutions), the funds from the higher education sector and left-over government grants from previous years.

The government and higher education sectors cover all fields of NSE and SSH while the business enterprise sector only covers the fields of NSE. There are only few organisations in the private non-profit sector, hence no R&D survey has been carried out in this sector and the data are not available.

From 2009, researcher data are collected according to the Frascati Manual definition of researcher. Beforehand, this was only the case for independent research institutions, while for the other sectors data were collected according to the UNESCO concept of “scientist and engineer”.

In 2009, the survey coverage in the business and the government sectors has been expanded.

Before 2000, all of the personnel data and 95% of the expenditure data in the business enterprise sector are for large and medium-sized enterprises only. Since 2000 however, the survey covers almost all industries and all enterprises above a certain threshold. In 2000 and 2004, a census of all enterprises was held, while in the intermediate years data for small enterprises are estimated.

Due to the reform of the S&T system some government institutions have become enterprises, and their R&D data have been reflected in the Business Enterprise sector since 2000.

The smartphone's instant popularity and high consumer adoption rate have translated into rapid demand for smartphone apps, paving the way for the app developer industry. Between tech advances and the saturation of smartphones, apps have grown in complexity, quickly becoming ingrained into consumers' daily lives. With low entry barriers, the app market's rapid growth has encouraged new developers to join the space in recent years. The COVID-19 pandemic's sudden transformation of how people lived, worked and stayed connected led more consumers than ever to rely on apps. Smartphone users now rely on apps for grocery shopping, health appointments and many other tasks as the world has become increasingly more digital. With smartphones continuing to receive boosts and framework upgrades, app developers now leverage AI and 5G technology to create apps that provide users with even more enhanced experiences. Though competition for skilled labor has been a challenge for companies, operating conditions for the industry remain favorable as industry revenue has expanded at a CAGR of 6.3% to an estimated $197.3 billion over the past five years, including expected growth of 3.7% in 2024. Rapidly rising demand for smartphone apps is outpacing developers' ability to create them. While developers enjoy the hot job market, shortages are pressuring app development companies to raise wages. With wages making up over 40% of industry revenue during the current period, margin growth has remained limited as operating costs rise. Meanwhile, developers are using AI in their app development operations and are also deploying the technology as app features for users. Expanding 5G service across the US will support the rising adoption and complexity of mobile apps moving forward. As smartphone and AI technology advances, companies will face the pressure of upgrading or introducing new smartphone apps to keep up with competitors, ultimately creating positive demand conditions for operators. Still, growth will slightly decelerate following the rapid growth the industry experienced due to the pandemic, leading to revenue expanding at a CAGR of 2.5% to an estimated $222.7 billion over the next five years.

JavaScript and Java were some of the most tested programming languages on the DevSkiller platform as of 2024. SQL and Python ranked second and fourth, with ** percent and ** percent of respondents testing this language in 2024, respectively. Nevertheless, the tech skill developers wanted to learn the most in 2024 was related to artificial intelligence, machine learning, and deep learning. At the same time, the fastest growing IT skills among DevSkiller customers were C/C++ and data science, while cybersecurity ranked third. Software skills When it came to the most used programming language among developers worldwide, JavaScript took the top spot, chosen by 62 percent of surveyed respondents. Most software developers learn how to code between 11 and 17 years old, with some of them writing their first line of code by the age of 5. Moreover, seven out of 10 developers learned how to program by accessing online resources such as videos and blogs. Software skills pay In 2024, the average annual software developer’s salary in the U.S. amounted to nearly ** thousand U.S. dollars, while in Germany, it totaled above ** thousand U.S. dollars. The programming languages associated with the highest salaries worldwide in 2024 were Clojure and Erlang.

No-Code Development Platforms Software Market Outlook

The market size for No-Code Development Platforms Software was valued at approximately USD 5.7 billion in 2023 and is projected to reach USD 35.2 billion by 2032, growing at an impressive CAGR of 22.1% from 2024 to 2032. This robust growth is fueled by an increasing demand for rapid application development, the shortage of skilled software developers, and the rising need for digital transformation across various industries.

One of the primary growth factors driving the No-Code Development Platforms Software market is the escalating need for quick and efficient application development. Traditional coding methods are often time-consuming and require highly skilled developers, which are in short supply. No-code platforms empower non-technical users to create complex applications with minimal effort, drastically reducing development time and costs. This democratization of software development has enabled organizations to respond more swiftly to market demands and stay competitive, particularly in fast-paced industries such as retail and e-commerce.

Another significant growth factor is the ongoing digital transformation endeavors across multiple sectors. As businesses strive to modernize their operations and customer experiences, the adoption of no-code platforms has surged. These platforms facilitate rapid prototyping, iterative development, and seamless integration with existing systems, making them ideal for digital transformation initiatives. Moreover, the COVID-19 pandemic has accelerated the need for digital solutions, further propelling the market growth.

Additionally, the increasing emphasis on cost efficiency and operational flexibility is contributing to the market's expansion. No-code development platforms reduce the dependency on IT departments by enabling business users and citizen developers to create and manage applications independently. This not only cuts down development costs but also enhances organizational agility, allowing for quicker adaptations to changing business environments. The rise of remote work and the need for collaborative tools have also increased the demand for these platforms, as they support decentralized and cross-functional teams effectively.

The emergence of No Code Ai Platform solutions is revolutionizing the way businesses approach software development. These platforms leverage artificial intelligence to further simplify the development process, allowing users to build applications without any coding knowledge. By integrating AI capabilities, no-code platforms can automate complex tasks, offer predictive analytics, and enhance user experiences, making them even more powerful tools for digital transformation. This advancement not only democratizes application development but also accelerates innovation by enabling users to experiment with AI-driven functionalities without the need for specialized skills. As a result, organizations can quickly adapt to changing market conditions and customer demands, ensuring they remain competitive in an increasingly digital world.

Regionally, North America is expected to dominate the No-Code Development Platforms Software market, driven by the presence of major technology companies, high adoption rates, and significant investments in digital transformation. However, the Asia Pacific region is anticipated to witness the highest growth rate due to increasing technological advancements, rising awareness about no-code platforms, and expanding IT infrastructure. Other regions, including Europe and Latin America, are also expected to show substantial growth, fueled by the growing adoption of no-code solutions across various industries.

Component Analysis

The No-Code Development Platforms Software market can be segmented by component into Platform and Services. The Platform segment is anticipated to hold the largest market share, driven by the growing demand for user-friendly development tools that enable rapid application creation. These platforms offer drag-and-drop interfaces, pre-built templates, and extensive libraries of components, making them accessible to users with little to no programming knowledge.

Services, on the other hand, are expected to witness significant growth due to the increasing need for customization, integration, and support services. As organizations adopt no-code platforms, they often require assistance in integrating these solutions with their existing systems and processes. Prof

Game Developer Insurance Market Outlook

The global game developer insurance market size was valued at approximately USD 1.5 billion in 2023 and is forecasted to reach USD 3.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.4%. This significant growth is driven by the increasing complexity and scale of the gaming industry, which heightens the risks and liabilities faced by game developers, necessitating comprehensive insurance solutions.

One of the primary growth factors for the game developer insurance market is the rapid expansion of the gaming industry itself. As the gaming sector continues to grow, with global revenues surpassing USD 200 billion, the demand for insurance products tailored to game developers has surged. This growth is further propelled by the increasing number of independent developers and small studios entering the market, each requiring specific coverage to protect against unique risks. Additionally, as games become more sophisticated and integrate advanced technologies like virtual reality (VR) and augmented reality (AR), the potential for technical issues and cyber threats increases, thereby driving the need for specialized insurance policies.

Another critical driver is the evolving regulatory landscape. Governments and regulatory bodies worldwide are implementing stricter guidelines and compliance requirements for the gaming industry to ensure fair play, data privacy, and consumer protection. These regulations necessitate that game development companies adopt comprehensive insurance policies to mitigate risks associated with non-compliance, data breaches, and other legal liabilities. Moreover, with the rising incidence of cyber-attacks and data breaches, particularly in the gaming sector where sensitive user information is often at stake, cyber liability insurance has become an essential coverage for game developers.

The increasing awareness about the importance of insurance among game developers is also contributing to market growth. More developers are recognizing the potential financial risks they face, including lawsuits, property damage, and employee-related liabilities. As a result, there is a growing trend towards purchasing comprehensive insurance packages that cover a wide range of risks. Additionally, insurance companies are developing more tailored and flexible insurance products that cater specifically to the unique needs of game developers, further driving market adoption.

From a regional perspective, North America holds a significant share of the game developer insurance market, driven by the presence of numerous large gaming companies and a highly developed insurance sector. The region's advanced regulatory framework and high awareness about the benefits of insurance also contribute to its dominance. However, regions like Asia Pacific are expected to witness the highest growth rates due to the booming gaming industry, increasing number of game developers, and rising adoption of insurance products.

Coverage Type Analysis

General Liability Insurance is a fundamental coverage type within the game developer insurance market. This insurance protects developers from claims involving bodily injuries and property damage resulting from their operations. With the gaming industry's increasing interaction with physical events, VR setups, and public demonstrations, the need for general liability insurance is growing. It offers peace of mind to developers by covering legal fees, medical expenses, and settlement costs, thereby safeguarding their financial stability. As the gaming sector becomes more interactive and community-driven, the demand for general liability insurance is expected to remain robust.

Professional Liability Insurance, also known as Errors and Omissions (E&O) insurance, is crucial for game developers who provide advisory services or develop software for clients. This coverage protects against claims arising from negligence, errors, or omissions in the professional services provided. With the growing complexity of game development projects and the high expectations of clients, the risk of professional mistakes has increased. Hence, professional liability insurance has become indispensable for developers to protect their reputation and finances from potential lawsuits and claims.

Cyber Liability Insurance is another critical segment, especially given the digital nature of the gaming industry. This insurance covers the costs associated with data breaches, cyber-attacks, and other cyber-related incidents. With the increasing frequency and sophistica

Programming Software Market Outlook

The global programming software market size was valued at USD 15.3 billion in 2023 and is projected to reach USD 28.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period. This robust growth is primarily driven by the increasing demand for software development across various sectors, greater adoption of cloud technologies, and a continuous push towards digital transformation initiatives globally. The market size expansion is also attributed to the rapid advancements in technology and the perpetual need for innovative software solutions to meet evolving business requirements.

One of the primary growth factors for the programming software market is the exponential rise in the number of internet users and connected devices. As businesses and consumers increasingly rely on the digital ecosystem for daily operations and interactions, the need for robust, scalable, and secure programming software has become paramount. Furthermore, the surge in startups and entrepreneurial ventures in the tech domain has significantly contributed to the demand for versatile programming tools that can facilitate rapid development and deployment of applications. Additionally, educational institutions are incorporating programming skills into their curricula, further fueling the software demand as students and professionals seek to upgrade their technical competencies.

Another critical driver of the programming software market is the acceleration of cloud computing adoption. Organizations globally are migrating to cloud-based infrastructures to benefit from scalability, flexibility, and cost-efficiency. Cloud-based programming software allows developers to collaborate seamlessly, access powerful computing resources, and deploy applications swiftly. This shift towards cloud environments has also spurred the growth of Software as a Service (SaaS) models, enabling businesses to access cutting-edge programming tools without hefty upfront investments. The proliferation of cloud services is expected to continue driving the market forward, as more businesses recognize the strategic advantages of cloud adoption.

Moreover, the advent of artificial intelligence (AI) and machine learning (ML) technologies is reshaping the programming software landscape. AI-powered development tools are enhancing the efficiency and accuracy of programming tasks, enabling developers to write cleaner code and identify bugs more effectively. These intelligent tools are also facilitating predictive analytics and automation, which are critical for modern software development processes. As industries increasingly integrate AI and ML into their operations, the demand for sophisticated programming software that supports these technologies is anticipated to witness a significant uptick, further propelling market growth.

From a regional perspective, North America currently holds the largest share of the programming software market, driven by the presence of major technology companies and a highly developed digital infrastructure. However, Asia Pacific is expected to exhibit the highest growth rate during the forecast period, bolstered by the rapid digitalization initiatives, increasing investments in technology sectors, and a burgeoning pool of skilled developers. Europe also presents substantial growth opportunities, particularly in countries with strong tech ecosystems and supportive government policies. Latin America and the Middle East & Africa regions are gradually catching up, with increasing focus on tech-driven economic diversification and infrastructure development.

In recent years, the concept of Programmatic development has gained significant traction in the programming software market. Programmatic approaches involve automating the process of software development, allowing for more efficient and scalable solutions. This method leverages advanced algorithms and data-driven insights to streamline coding tasks, reduce human error, and accelerate project timelines. By integrating programmatic techniques, developers can focus on higher-level problem-solving and innovation, rather than repetitive coding tasks. The rise of programmatic development is particularly beneficial for large-scale projects and enterprises seeking to enhance their software delivery capabilities. As the demand for rapid and reliable software solutions continues to grow, the adoption of programmatic methods is expec

Germany DE: Total R&D Personnel: Per Thousand Total Employment data was reported at 17.207 Per 1000 in 2022. This records an increase from the previous number of 16.760 Per 1000 for 2021. Germany DE: Total R&D Personnel: Per Thousand Total Employment data is updated yearly, averaging 13.326 Per 1000 from Dec 1981 (Median) to 2022, with 38 observations. The data reached an all-time high of 17.207 Per 1000 in 2022 and a record low of 11.921 Per 1000 in 1996. Germany DE: Total R&D Personnel: Per Thousand Total Employment data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Germany – Table DE.OECD.MSTI: Number of Researchers and Personnel on Research and Development: OECD Member: Annual.

The data in this publication for Germany cover unified Germany from 1991 and western Germany only until 1990.

Between 1991 and 2021, the data for the PNP sector were included in the Government sector. In 2016, the method for calculating R&D coefficients was revised, introducing a break in series in the Higher Education sector. In particular, coefficients are thereafter based on time-use surveys.

From reference year 2014, the distribution of R&D personnel by occupation is requested in the government survey whereas it was previously estimated from data by qualification.

The method for calculating public-financed R&D in the business enterprise sector was reviewed, resulting in the revision of business enterprise R&D and the national total back to 1991.

In 1992 the methodology of the survey on resources devoted to R&D in the Government sector was changed.

For 1997, the methodology for allocating GBARD by socio-economic objective changed. For 1997 and from 2001 to 2015, the global budget reduction was not distributed proportionally across SEO by the Federal Ministry of Education and Research. Therefore, the sum of the breakdown for those years does not add to the total. From 2016 onwards the global reduction is distributed across SEO proportionally.

Career Development Software Market Outlook

The global career development software market size was valued at USD 1.5 billion in 2023 and is anticipated to reach USD 3.6 billion by 2032, growing at a CAGR of 10.0% during the forecast period. The career development software market is driven by factors such as the increasing emphasis on employee career growth and the continuous need for skilled workforce development across various industries.

One of the primary growth factors in the career development software market is the rising demand for upskilling and reskilling in the workforce. As industries evolve, there is an increasing need for employees to acquire new skills and competencies to stay relevant. Companies are investing in career development solutions to help employees plan their career paths, identify skill gaps, and receive training to bridge those gaps. This not only enhances employee satisfaction and retention but also boosts overall organizational productivity.

Another significant driver of market growth is the increasing integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) into career development software. These technologies enable more personalized and effective career planning by analyzing vast amounts of data to provide tailored career recommendations, training programs, and skill development pathways. This technological advancement makes career development software more appealing to both employers and employees, further propelling market growth.

Additionally, the growing popularity of remote work and distributed teams has created a demand for digital solutions that can support career development outside of traditional office environments. Career development software offers the flexibility and accessibility needed to support employees working from various locations. This trend is particularly important in the post-pandemic era, where hybrid and remote work models have become more commonplace.

From a regional perspective, North America holds a significant share of the career development software market due to the high adoption rate of advanced technologies and the presence of major market players. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing focus on workforce development and the rapid digital transformation in countries like China and India.

Component Analysis

In terms of components, the career development software market is segmented into software and services. The software segment includes various types of applications and platforms designed to facilitate career planning, skill assessment, training, and development. This segment is expected to dominate the market due to the increasing adoption of comprehensive software solutions that offer a wide range of features and functionalities tailored to meet the diverse needs of organizations and employees.

Services, on the other hand, encompass consulting, implementation, training, and support services provided by vendors to ensure the successful deployment and utilization of career development software. While the software segment constitutes the bulk of the market, services play a crucial role in enabling organizations to effectively leverage these solutions. The demand for services is expected to grow as organizations seek expert guidance to optimize their career development strategies and ensure seamless integration with existing HR systems.

The integration of AI and ML into career development software is a notable trend within the software segment. These technologies enhance the capabilities of the software by providing personalized career recommendations, predictive analytics, and automated skill assessments. This not only improves the user experience but also increases the efficiency and effectiveness of career planning and development processes.

Moreover, cloud-based career development software is gaining traction due to its scalability, flexibility, and cost-effectiveness. Cloud solutions enable organizations to quickly deploy and update software without the need for extensive IT infrastructure. This is particularly beneficial for small and medium-sized enterprises (SMEs) that may have limited resources but still require robust career development tools to support their workforce.

Overall, the component segment analysis highlights the growing importance of both software and services in driving the adoption and success of career development solutions acr

SM.POP.NETM. Net migration is the net total of migrants during the period, that is, the number of immigrants minus the number of emigrants, including both citizens and noncitizens. The World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates.

New World Development reported HKD37.8B in Cash and Equivalent for its fiscal semester ending in December of 2023. Data for New World Development | 17 - Cash And Equivalent including historical, tables and charts were last updated by Trading Economics this last August in 2025.

The average for 2024 based on 175 countries was 5.3 index points. The highest value was in the Central African Republic: 9.3 index points and the lowest value was in Finland: 1.7 index points. The indicator is available from 2007 to 2024. Below is a chart for all countries where data are available.

New World Development reported HKD10.11B in Cost of Sales for its fiscal semester ending in December of 2024. Data for New World Development | 17 - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last August in 2025.