Programming language is a kind of formal language that has a specified set of instructions which is used to produce different output. Programming language generally includes instruction for the computer in order to implement some specific algorithms. Rise in the adoption of cloud computing technologies is one of the primary driving factors of growth for the programming language market. Cloud computing technology is gaining traction over the years owing to the ease of corporate training, which in turn is likely to deliver training to the learning crowd. Wider implementation of Learning Management Systems (LMS) has enabled employees and students to access the learning material as per their interest and convenience.
Blending learning models along with online learning have spurred the growth in usage of cloud computing technologies. Rise in open source online educational resources may hamper the growth of the programming language market over the forecast period. Rise in preference for automation in work processes has led to the growth of the programming language market over the last few years. Escalation in the trend of online learning is expected to fuel the growth in demand for programming language over the forecast period.With the advent of new technologies such as artificial intelligence and machine learning tools, there has been an upsurge in the demand for programming language. A shift from hardware to software enabled technology is expected to fuel the growth of the programming language market over the forecast period. Unprecedented growth of data across various end-user industries is expected to spur the demand for programming language over the forecast period.
The programming language market has been bifurcated by product and end-user. By product, the market has been segmented into boot camp, online, and classroom. The classroom segment held the dominant share as it allows students to communicate on a personal basis with the instructor and learn advanced level programming such as R, SAS, and Python.By end-user, the programming language market has been segmented into academic and corporate. Corporate held the dominant share of the programming language market in 2016 and is likely to retain its position over the forecast period. The corporate sector involves training in-house as well as in training institutions. It facilitates a learning experience involving both online and offline activities for employees. There has been considerable investment for the development of data analytics in order to derive business insights from unstructured data.
Geographically, the programming language market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the dominant market share of the programming language market in 2016 and is likely to retain its dominance over the forecast period. Strong presence of numerous global vendors is likely to propel the demand for programming language in this region.Government initiatives to promote and incorporate the usage of programming language in the education system is predicted to drive the growth of the programming language market over the forecast period. Asia Pacific is expected to be one of the potential markets for programming language by the end of the forecast period owing to the widespread generation of data in this region. Implementation of cloud computing technologies along with the rapid penetration of global vendors in this region is expected to fuel the demand for programming language.
Emerging technologies such as Big Data and Bring Your Own Device (BYOD) is likely to act as a key driving factor for the programing language market in this region. Incorporation of programming language in the working mechanism of IT infrastructure to facilitate automation of working procedures across organizations is a driving factor for this market in this region. Europe is expected to be one of the potential markets for the programming language market owing to data generation across various end-user industries such as BFSI and healthcare.
Major players in the programming language market are NIIT, Global Knowledge Training, Analytics Training Institute, NetCom Learning, Learning Tree International, Coursera, Bloc, ONLC Training Center, Lynda, Dev Bootcamp, edX, Firebrand Training, and Makers Academy, among others.
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