18 Key Software Development Statistics 2024: Trends And Insights! 📈

1. A software engineer makes an average of $107,510 each year

The location has a significant impact on the software developer’s income. With an average yearly pay of $134,370, California is regarded as the finest state for developers, second only to Washington State, with an average yearly compensation of $131,870.

2. Globally, there are about 26.9 million software developers

In the US, there are currently about 4.3 million software developers, while in Europe, there are over 6 million. The amount of software developers worldwide is increasing every day.

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Additionally, according to the US Bureau of Labor Statistics, demand for developers will increase by 22% by 2029.

Although there is a strong need for developers, there aren’t enough skilled ones to cover the gap, as shown by the statistics on software development jobs, which clearly show this industry has a bright future.

3. There are about 6.1 million developers in Europe

Germany, the United Kingdom, & France hold the top 3 positions in terms of the number of software developers per nation.

The country with the most developers is Germany (873,398), although the United Kingdom is not far behind with 813,500 developers. There are 477,454 working software developers in France, which is rated third.

4. In 2020, the market for software development was estimated to be worth $389.86 billion

Although the enormous scale of the software development sector shouldn’t be shocking, you may be wondering why it is so big. Companies prefer custom software because it offers them a variety of advantages.

The market for software development is anticipated to expand at a CAGR of 11.3 percent between 2021 and 2028, according to additional custom software development statistics.

5. Software developers often range in age from 25 to 34

There are many young developers. The bulk of developers, or 48.42 percent, are in the 25 to 34 age range, according to recent data on the age distribution of software engineers.

Developers aged 35 to 44 make up 21.71 percent of the population. According to statistics on software engineers, people aged 65 and older make up the smallest percentage of the professional developer community, while 19.8 percent of all software developers are between the ages of 18 and 24.

6. The number of app developers worldwide is 26.4 million

With more businesses across industries engaging some of the best app development firms, there is a growing demand for app developers.

As per the figures from the software development sector, Asia holds the largest market share of application developers (32.9 percent), second only to Europe, which has 29.7 percent of the market.

7. Men make up 80.7 percent of software developers in the United States, with women making up the remainder of 19.3 percent

We may examine the demography of software engineers by gender in addition to age. Men make up the great majority of developers, and women make up just 19.3 percent of the total developers in the US.

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Women make up 27.5 percent of the software development workforce globally, with men making up the remaining 72.5 percent. The data shows that positions in computer science and software engineering are predominantly held by men.

8. Ukraine is regarded as a top location for web development outsourcing

Over 200,000 outsourced programmers with degrees in technology, engineering, and science are located in Ukraine, as per the most recent data on software development outsourcing.

In an attempt to take advantage of affordable IT knowledge, many tech companies choose to outsource these tasks to Ukrainian providers.

9. About 24 percent of executives contract out their software development

Finding experienced developers at reasonable prices and remaining competitive in the quickly evolving corporate environment is made possible via outsourcing. 5 positions are available for each developer, which plainly shows a scarcity and encourages outsourcing.

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According to statistics on offshore software development, the major difficulties in software development include capacity, knowledge sharing, and setting development priorities.

10. In 2020, there were 8 percent fewer job advertisements for software developers

The Covid-19 pandemic affected almost every business, and IT was not an exception.

Software developer positions are less in demand overall, but developer jobs have increased by 12 percent. In the meantime, 25 percent fewer web developers were needed.

11. A significant trend in software development is the incorporation of artificial intelligence

Even though the technology has been there for a while—as attested to by the many AI companies in existence—it keeps changing industries around the globe, including software development.

The ability to produce better software much more rapidly than before is made possible by deep learning & advanced machine learning. Software development trends also show that by 2021, artificial intelligence augmentation will create $2.9 trillion.

12. The typical amount of coding experience in the US is 15.8 years

Australian professional developers possess the most coding experience, with 16.9 years, according to a Stack Overflow study. The United Kingdom comes in second with 16.1 years.

The Netherlands (15 years) & Canada (14.4 years) take the fourth and fifth spots, respectively, while the US comes in third (15.8 years).

According to some fascinating statistics concerning software engineers, roughly 1/3rd of these experts began programming between five and ten years ago.

13. Windows OS is used by more than 60 percent of software developers, whereas Linux is used by 47 percent

Although developers work with a variety of operating systems, the most common environment for 61 percent of software developers is Windows, according to the most recent data.

With 47 percent of developers utilizing it, Linux is second in line with the most used PC operating systems, and macOS is 3rd.

14. Javascript is the primary programming language used by almost 70 percent of developers

According to statistics on software developers, the most common programming language is JavaScript, which is used by 69 percent of developers.

With over 13.8 million developers, one of the most widely used programming languages has a vast and powerful development community.

15. The most common web framework utilized by 40.14 percent of programmers is react.js

Selecting a suitable framework for your online application development is one of the crucial tasks at the beginning of the project development process.

React.js is among the most popular web frameworks, as per the metrics on software development.jQuery is the second most popular framework among software developers, while Angular, Vue.js, and Express round out the top 5.

16. Jira is the most frequently used tool to manage software development projects

Jira is used by the majority of software development companies to manage their projects. Many of its users value it because of its adaptability and customization options.

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Developers prefer JIRA more than any alternative project management application, according to statistics on software development projects.

Nearly half of developers use it, whereas Trello is close behind, with about 20 percent of developers using it.

17. Over $1.3 trillion in IT spending will be impacted by the move to cloud services by the year 2022

The most common trend right now in software development, if you’re asking, is cloud computing. 

The market for cloud computing is expected to reach 354.6 billion dollars by the year 2022, and this growth can be attributed to the fact that it offers software programmers an infinite number of resources.

18. A developer’s ability to learn and adapt to a new culture is the most crucial hiring factor

It is unquestionably quite difficult to find a highly talented developer who can also add value to your team. Companies aren’t searching for college graduates anymore; instead, they need people who can quickly adapt to the fast-changing environment.

Although technical skills are essential, statistics on software developers show that over 60 percent of recruiters place a greater emphasis on identifying tech professionals with excellent soft skills.