Specifys.ai Blog

The Global Market for AI-App Development: Trends & Forecasts

The AI app development market is booming, with a projected $1.81 trillion valuation by 2030. Discover trends, forecasts, and how Specifys.AI enhances this landscape.

Market Growth and Investment Surge

The global AI software market, valued at $279 billion in 2024, is forecasted to reach $1.81 trillion by 2030, with a 36% CAGR. In 2024, AI startup funding hit $110 billion, up 62% year-over-year, with over 50% ($131.5 billion) invested in AI and machine-learning companies.

Rise of AI-Powered Apps

AI-app startups like Cursor, Perplexity, Synthesia, and ElevenLabs generated $8.2 billion in 2024, with ARR in the hundreds of millions. Lovable, leveraging vibe-coding, achieved $17 million ARR and a $1.5 billion valuation in months. App usage is set to see 2.9 trillion downloads and $2.2 trillion in revenue by 2030.

Enterprise Tools and Regional Trends

The market for AI code tools (e.g., Copilot, Cursor, IBM Watsonx Code) will grow from $3.6 billion in 2022 to $17.2 billion by 2030 (22% CAGR), with generative AI coding tools reaching $144 million. North America leads with 54% of revenue in 2025, while Asia-Pacific, led by China, is projected to hit 47% by 2030.

Opportunities for Founders and Investors

AI application platforms are a modern “land grab,” with Y Combinator’s Spring 2025 batch half-focused on agentic AI. Utility-layer apps offer a balance of innovation and revenue, though challenges like scaling and competition persist. Specifys.AI addresses the need for structured specs in this fast-paced market.

Where Specifys.AI Fits In

Specifys.AI bridges concept and deployment by turning product visions into modular, AI-ready specs—API layouts, feature flows, and validation definitions. This ensures consistent, governable outputs across vibe-coding platforms, offering a strategic advantage in scalability from North America to Asia-Pacific.

Big Picture Summary

Market Growth: $279B (2024) to $1.81T (2030) at 36% CAGR. Funding Surge: $110B in 2024. App Explosion: 2.9T downloads, $2.2T revenue. Tooling Growth: $17.2B by 2030. Geographic Shift: North America leads, Asia-Pacific rising to 47% share. Success hinges on blending speed and structure.

SEO Touchpoints & Keywords

Keywords like “AI app market size” and “Specifys.AI market opportunity” are integrated, supported by data from credible sources, enhancing search relevance and authority.

Ready to Tap the Tsunami?

In a decade of trillions of downloads and billions in ARR, clarity is key. Specifys.AI channels vibe-coding into structured, scalable success—ideal for your next sprint, investor deck, or roadmap.

Back to Blog