McKinsey Survey: 32% of Companies Abandon Software Purchases Due to AI Coding Agents; High-Performer Rate Approaches 50%
McKinsey's 2026 global survey finds that 32% of companies have abandoned at least one software purchase because AI coding agents can replicate the functionality in-house, with that proportion approaching 50% among high-performing enterprises that attribute at least 5% of EBIT to AI. The substitution wave is concentrated among large, engineering-strong enterprises and is reshaping SaaS procurement decisions, although token costs and AI-generated code security risks remain constraints.