In recent years, we have seen software development, becoming a global phenomenon from being a small market. The industry is trying to balance the act of innovation while managing its effects. Software development is the field that is targeted as a revenue boost for companies in upcoming years.
Microsoft is the leading software development company in the world, and its 2019 revenue was 125 billion dollars. Thus, you know it is a market full of opportunities.
Given below are some latest trends of the software development industry that can help a company grow and upscale their offerings in the coming decade:
- Software development will find the use of Transformational Technologies
Right now, technology is powerful enough to make AI tools a reality. As a software developer, one needs to be familiar with the working of these AI tools for developing new software. With AI, the cost will be reduced, and the development cycle will be much shorter.
On the other hand, MR is the union of AR (Artificial Reality) and VR (Virtual Reality), and it has great potential for enterprise applications. MR will integrate digital content with the physical environment while creating an immersive experience for individuals. An example of MR is the real estate business; using MR, a builder can showcase flats in their upcoming society to a potential homeowner.
- Internet of Things (IoT)
IoT is more than just tools for business; it can have far-reaching impacts on our future world. IoT is a complex network of gadgets, devices, and vehicles that we use daily. All of these use APIs to exchange necessary data using the internet as a medium. By 2021, companies will spend $520 billion in the development of IoT tools and software. Thus, it’s the right time to develop something of your own from this field.
- Cybersecurity is one of the Main Pillars
Trillions of dollars have been lost in the last decade due to cybercrimes such as ransomware. Thus, it is essential to keep cybersecurity one of the main pillars of your development cycle if you are working on enterprise applications.
Companies and businesses need to know their most valuable assets and evaluate their risk. Software development uses coding as its language of creation, and if you are not putting your best during the process of coding, things will only worsen. A reliable software development service is surely a hefty investment, but having software which was developed from the ground up, keeping in mind, all the security concerns can save you hundreds of millions in business. In most of the cases, a data breach occurs due to frailties present in the software code. A developer who can give a tightly secured code has worth equal to his weight in gold.
- Low-Code Development
“More code, more errors, and more problems.”
In recent years, we have seen low-code development being used in almost every software development industry to increase the efficiency of a software development cycle while minimizing the work of hand-coding to minimal. Appian and Mendix are some of the great low-code development platforms that might come handy in the future.
Low-code is different from no-code; get this clear, it makes the coding easier for the newcomers, while no-code removes the need for coding. In the IT profession, speed is relative to the hour. As a result, software development companies are doing everything they could to develop a solution faster. The global pandemic which the world is facing will inevitably give rise to the low-code development, as both clients and developers want to finish off the project to get another one.
Businesses are now focusing more on their core competencies, and in doing so, they are offloading any tasks that can be done remotely. Big to medium size IT companies are outsourcing the work if it doesn’t serve their core competency. In the future, you might need to outsource your development to focus on more important things that have a more significant impact on the future of your business.
Outsourcing the development of a module is all about saving the cost of production. In the coming decade, the outsourced developer who is hired by a software development company will have a more human-driven relation with the client rather than price-oriented. A Statista report provided us with the insight that more than $150 billion were paid to individual and companies in total across China and India for outsourcing project in the year 2017
These were some of the evolving trends in software development that companies and individuals need to know and practice to stay relevant.