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The global software development tools market is expected to see strong growth in the next few years, reaching $8.6 billion in 2028 at a CAGR of 8.1%. This growth can be attributed to cross-platform development tools, support for microservice architecture, serverless computing platforms, containerization and orchestration, and AI and machine learning integration. Major companies in this market include IBM, Oracle, SAP, Salesforce, and VMware. Other trends in the market include DevOps and CI/CD tools, edge computing, and IoT development tools.