February 19, 2022
The Latest Trends in Software Development
The Latest Trends in Software Development
Software development is a dynamic world with new and modern technologies rising in tandem with user expectations and market demands. This is why organizations need to stay current with these technological advancements now more than ever. So, as we look ahead to 2024, there are several trends poised to shape the landscape of software development. Read on to know all of these!
The business landscape in 2024 is marked by increased financial pressure due to record-high inflation. Leaders are being tested as they face the challenge of managing tighter budgets and driving greater returns on investment with fewer resources available.
The good news? Despite the economic downturn, businesses remain committed to investing in digital transformation initiatives. In 2023, 70% of small and midsize companies increased their technology budgets compared to the year before.
New Opportunities in Software Development for 2023
Software trends have been evolving over the years, and this year a few key movements will stand out in 2024.
Progressive web apps remain a popular alternative to native app development, while low-code platforms are now becoming an industry necessity due to their speed at cutting down on dev time.
On the other hand, the latest trends in software development, such as Artificial Intelligence (AI), Augmented Reality (AR), Blockchain Development, and IoT, are at an all-time high.
But what does this mean for software engineering trends in the coming years? Moreover, how can software development firms help shape the future of these software technology trends?
To get a clearer view of the future, it’s beneficial to explore current trends in software development by comparing them with the predictions from last year.
This way, we can see how far the software industry trends have reached, the emerging benefits of custom software development for businesses, and what may be on the radar for the upcoming months.
Now, let’s take a look at each software development trend. Here we go!
1. Technology Industry Investing Heavily in Progressive Web Apps
It has been a long journey for Progressive Web Apps since its introduction in 2015.
This technology is finally experiencing the kind of acceptance and adoption it deserves. Also, according to Emergen Research, the global PWA market size may value around USD 10.44 billion by 2027.
As mobile usage too is skyrocketing, PWAs provide an excellent opportunity for website owners to make the user experience even more attractive with app-like experiences in addition to decreasing development costs.
Here’s one example to prove the relevance and popularity of PWAs:
Pinterest needed a revamp to reach out more effectively to its user base. After careful analysis, they identified the areas where the website was underperforming and decided that an upgrade was necessary to boost their customer numbers.
After three months of hard work, the existing website was rebuilt using React and converted into a Progressive Web App (PWA), resulting in drastic changes like an impressive 40% boost in time spent on the platform by users and a 44% sharp increase in advertisement revenue.
If you're looking for ways to optimize mobile experience and cost-efficiency, investing in PWA could be just what your business needs!
2. Blockchain Applicability Extends Beyond the Financial Sector
Blockchain technology continues to disrupt the status quo in 2024, with businesses from various industries seeing its value and choosing to implement it.
This innovative technology offers unparalleled security for activities such as transactions by organizing data into distributed and decentralized systems that are almost impossible to hack or alter.
From distribution, manufacturing, and healthcare to the financial sector that initially adopted this tech, by 2024, we can anticipate the Blockchain market worth an estimated $20 billion!
3. 2024 - The Year of 5G technology
As we enter a new technological era with the rapid 5G rollout, experts predict that over 1.4 billion devices worldwide will be connected to this network by 2025 – nearly 15% of the global total.
4. The Popularity of IoT is on the Rise
We are set for an exciting future fuelled by the widespread adoption and growth of smart devices and IoT solutions.
From connected homes to industrial monitoring systems – IoT devices enable us to bridge the gap between physical and digital realms, providing exceptional visibility into our everyday activities.
Despite facing temporary disruption at the beginning of 2020 due to decreased technology investments across specific sectors, it quickly recovered and is now projected by IDC to reach over US $437 billion within Asia Pacific alone by 2025.
From predictive capabilities enabled by machine learning algorithms to automation via edge computing, innovative developments in AI, ML, and other technologies have made IoT solutions increasingly applicable.
IoT trends you can expect to see in 2024:
- With the advent of IoT and Machine Learning, businesses are finding quick and efficient ways to analyze a large amount of data, eliminating the need for lengthy and tedious manual processing.
- Digital twins bridge the gap between the physical and digital worlds – acting as an interactive, simulated representation of their real-life counterparts.
- Enterprise Metaverse provides a platform for businesses to take advantage of innovative opportunities and seamlessly integrate their services to interact more freely with the physical world.
- With the dramatic increase in IoT devices, cybercriminals have become more active than ever. To combat this threat, businesses use sophisticated security measures such as blockchain technologies and other advanced approaches to ensure that device data remains safe from malicious attacks.
- From reducing traffic congestion to enhancing security, city governments are harnessing the power of
- Embracing automation in production processes has become an industry-wide trend and is expected to remain strong in 2024 and beyond.
- Healthcare IoT gadgets are revolutionizing the way diseases are detected and treated by allowing detection in earlier stages, giving those suffering a better chance at recovery.
5. The Trend of Low Code Development Will Continue
Developing software applications can be a lengthy process. But what if there was an easier way to create apps with minimum coding? Low-code application development is the perfect answer!
Gartner's research indicates that companies of all sizes will embrace low-code development in the future. As per its estimate, the adoption rate will exceed beyond 50% within a decade.
This leads to the question; how do we start with low-code development? And what are some of the powerful use cases that can be achieved with a low-code platform?
Before we start, let’s first understand what exactly low-code development is. Low code software development is a software engineering approach that enables developers to quickly turn an idea into reality within a limited budget.
Low code platforms function like purpose-built Integrated Development Environments (IDEs). Now you may wonder what is "purpose-built. "It simply means that the platforms are specifically designed with different tools to address different needs and challenges.
Now to get a practical understanding, let’s take a closer look at some of the most common and popular low-code use cases.
Leveraging an existing SaaS infrastructure with customized powerful bolt-on features to match the individual needs of your business.
Transitioning from traditional spreadsheets to a modern, web-hosted relational database.
Building complex applications from scratch in an easier and faster way.
Creating a full stack web application combining various features such as business intelligence and data visualization into an
Top Low Code Platforms:
Appian
Visual LANSA
Mendix
Zoho Creator
Microsoft Power Apps
6. Python Set to Dominate Tech Industry
As machine learning and data science continue to rise in popularity across industries, demand for experienced python app developers is also set to increase significantly over time.
With over 700 programming languages available, businesses often need help choosing the right one for their app or web development project.
Python can rightfully be considered the ultimate toolbox of programming languages. It stands out as a dynamic language capable of performing numerous tasks – making it an ideal choice when tackling complex jobs.
Conclusion
Software development is constantly evolving, but with the broad range of forecasts and predictions offered in this article, you can have insight into where these new software technologies are headed to maximize their potential and make sure your software evolves along with it.
