Python Market Is Expected to Reach USD 100.6 Million in 2030 |Increase in open source contribution from python developers

The global python market size is expected to reach USD 100.6 Million in 2030 and register a revenue CAGR of 44.8% over the forecast period, according to the latest analysis by Emergen Research. Rapid adoption of Industry 4.0 technologies by enterprises to increase productivity is the key factor driving global python market revenue growth. In addition, growing popularity of python programming language can be attributed to availability of a large number of libraries and tools, which allows programmers to use python for various application such as web development and data analysis. Moreover, as python can handle large data sets it is widely used to create and train machine learning algorithms effectively. Similarly, many companies are implementing computer vision on manufacturing sites for anomaly detection and inspection, which can be programmed using python library OpenCV.

However, increasing adoption of data analytics by enterprises is another key factor driving revenue growth of the market over the forecast period. Python enables data scientists and analytics professionals with tools and extensive standard library to perform web scrapping and build any type of mathematical or scientific model for performing statistical analysis. In recent times, data analysis is widely adopted in various sectors to process big data, derive critical insights and make data-driven decisions. In addition, python can be used for automation, data visualization, Artificial Intelligence (AI), and analysis of real-time data.

Presence of an enthusiastic community of python developers has led to an increase in open source contribution from the community. In addition, python developers and programmers from all over the world host conferences and meetups as well as collaborate on projects. Moreover, numerous third-party modules for Python are hosted on Python Package Index (PyPI). Furthermore, python has numerous frameworks and libraries for specialized fields, such as SciPy, NumPy, Selenium, Pandas, PyTorch, Bokeh, and others, that enable developers to use most of these packages and frameworks. These factors are expected to drive revenue growth of the market over the forecast period.

However, presence of programming languages, such as Rust and Julia, which can replace python in the future, is a factor that can hamper revenue growth of the market. Major companies, such as Google and Microsoft, have used Rust to reduce security flaws and reduce bugs related to memories in Windows. This factor is expected to restrain revenue growth of the market.

The major companies Covered in the report are:

Anaconda Inc. Oracle, ELEKS, BoTree Technologies, Iflexion, PixelCrayons, Innowise Group, Netguru S.A., Belitsoft, and Django Stars, LLC.

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The report also presents the country-wise and region-wise analysis of the Emergen Research and includes a detailed analysis of the key factors affecting the growth of the market.

The report offers an accurate forecast estimation of the Python industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Python market.

Segments Covered in this report are:

Deployment Outlook (Revenue, USD Million; 2019-2030)

Cloud Based

Web Based

Organization Size Outlook (Revenue, USD Million; 2019-2030)

Small and Medium-Sized Enterprises (SMEs)

Large Enterprises

Platform Outlook (Revenue, USD Million; 2019-2030)

Windows

Linux

Android

Others

Application Outlook (Revenue, USD Million; 2019-2030)

Web Development

Data Analysis

Software Development

Others

Verticals Outlook (Revenue, USD Million; 2019-2030)

Academics

Electronics

Government

Manufacturing

BFSI

Others

Regional Outlook (Revenue, USD Million; 2019-2030)

North America

U.S.

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Benelux

Russia

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of Middle East & Africa

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Key highlights of this research report:

The large enterprises segment is expected to register a steady revenue growth rate during the forecast period. Python is used by large enterprises because it has a simple syntax and is more convenient to learn. Presence of numerous libraries and frameworks has led to a wider adoption of Python for various applications. Furthermore, it is compatible with other languages, such as C++, making integration with existing code simpler when a corporation wishes to upgrade.

The Linux segment is expected to register a robust revenue growth rate during the forecast period. Most Linux distributions come with Python preinstalled, hence execution of python program is very easy in Linux as it has its command-line interface terminal. Linux also comes with a pre-installed editor called VI, which is useful for terminal coding.

The BFSI segment revenue is expected to register a significantly fast growth rate during the forecast period. Increasing adoption of python by major financial institutions and insurance companies to analyze large financial datasets is expected to support revenue growth of the market. Financial institutions, such as investment banks and hedge funds, are using python to solve quantitative problems for trade management, pricing, and risk management.

The North America market is expected to register a steady growth rate over the forecast period. due an increase in adoption of python in SMEs. Moreover, increasing adoption of this software in BFSI, healthcare, and manufacturing industries is expected to continue to support market revenue growth in the region.

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Table of Contents:

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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