The Potential for Israeli High-Tech to Lead Dev Tools Startup Growth

By Yodfat Harel Buchris

The field of development tools for developers is growing. According to global forecasts, the dev tools market will reach $ 733.5 billion by 2028. The expected annual growth rate is 24.3%, according to a study by Grand View Research and other market studies.

The increase in the use of cloud-based solutions and the supply of IoT (Internet of Things) technology fuel the need for technological solutions used to develop and streamline work processes. Israel can become an international center for Dev Tools companies with an impressive cluster of companies already existing such as  Datree and Databand.