AI Code Tools Market Booms, Projected 23.2% Growth by 2032
Summary
The AI code tools market, valued at $4.8 billion in 2023, is booming with a projected 23.2% annual growth rate until 2032, fueled by DevOps adoption, cloud computing demand, and North America's 35% market dominance driven by investments and technological infrastructure.
Key Points
- AI code tools market size reached USD 4.8 billion in 2023 and is estimated to register a CAGR of over 23.2% between 2024 and 2032
- Growing adoption of DevOps practices and increasing demand for cloud computing drive the market growth
- North America dominates the market with around 35% share in 2023, driven by substantial investments and advanced technological infrastructure