The software industry is booming, with global revenue reaching $608 billion in 2022, up from $597.3 billion in 2019. It's projected to grow at a 5.78% CAGR, reaching $806 billion by 2027 (Source: MarketResearch.com and Statista).
Artificial intelligence is now considered one of the rapidly emerging technologies in software development.
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The software development statistics show undeniable shifts on the horizon for the IT industry, driven by prevailing software development trend