The world of technology is evolving continuously making life and work easier. With the advancement in technology, one more factor which is growing rapidly is software development trends. Every year, new trends appear in the software development industry, which is a dynamic as well as complex sector. 

Not only are the trends increasing, but the companies providing software development services are also gradually increasing with the increase in demand for high-quality and reliable software applications to meet customer satisfaction. 

Companies prefer custom software because it offers them a variety of advantages. The market for software development is expected to expand at a CAGR of 11.7% till 2030.  

Being familiar with the software sector allows one to predict when and why these patterns and trends may change. This year also there are some changes in the software development industry. To assist you in keeping up with both present and emerging trends, we have compiled a collection of the most impressive software development statistics for you. Let's explore!

Cybersecurity with a different strategy:

Our interconnected world is suffering from data breaches that are now becoming destructive, making it a must to understand the latest cyber attacks pattern and create software for repelling it. By 2025, it is predicted that cybercrime will cost $10.5 trillion yearly globally. The cost of cyberattacks accounts for 1% of the global GDP. 

Hence, small businesses now at a high need to approach different and robust cybersecurity concerns. Standard security measures like constructing a firewall or anti-malware applications are now outdated and can be easily destroyed. 

With an increase in malicious attacks and an increase in smart attack techniques, cybersecurity trends will continue to change and update, putting emphasis on businesses adopting high-level security measures to fight against cyber threats. Startups will have to add security plans at the top of their business's strategic planning to safeguard it along with making their consumers aware of fraud.

Artificial Intelligence

The most popular technology and rapidly evolving software development trend is Artificial Intelligence. Chatbots, machine learning, image & text recognition software, etc are all AI-powered applications. AI is the current topic for business because of its ever-increasing capabilities that help businesses in attracting and engage with their customers in real-time. As technology advances, companies look for software development solutions integrated with AI technology to innovate and expand. 

Artificial Intelligence is being adopted by 35% of companies across the globe and its market is expected to have a CAGR of 38.0% by 2030. It is also reported that AI will increase the global GDP by $15.7 trillion by 2030. These statistics make it clear that AI usage in 2023 and in the coming years is evident and expanding. 

Blockchain 

Blockchain is another technology listed in the series of software development trends 2023. It is a decentralized digital ledger, and due to its decentralized nature, blockchain technology poses a problem for existing banks. Without the use of an intermediary, it provides quick, reasonable exchanges of money between interested parties. Blockchain is transforming many industries by removing middlemen, fostering trust, and promoting decentralized power. 

According to the report prepared by PwC, Blockchain has the capability to increase the GDP (global gross domestic product) in the coming years by US$1.76 trillion. It has the potential to optimize many industries like healthcare, government, finance, retail, public services, etc. Blockchain is estimated to be employed by the global economy at scale by 2025. 

Internet of Things (IoT)

One more essential technology development which adds to the software development trends is the rise of IoT (Internet of Things). Connecting sensors, devices, machines, and vehicles, has altered daily life. Businesses can make use of the solutions that IoT offers to gather vast amounts of data, speed up various processes, prevent equipment failure, manage inventories without losing anything, and reduce operational costs.

Devices that are part of the Internet of Things (IoT) enable internet connectivity to be extended above regular basic devices like PCs, mobile phones, laptops, etc. Some common software development solutions provided by IoT are software for home security, voice controllers, doorbell cam, smart coffeemaker, smart locks, smoke alarms, air quality, pollution monitors, and so much more. 

Distributed Cloud

One of the key factors influencing application development trends is distributed cloud technology. Although the idea of cloud computing is not new, the way it has been implemented in recent years has improved user experience. Startups should now acquire distributed cloud structure in which services are hosted by many cloud providers across various locations.

81% of businesses have already planned out or are currently developing a multi-cloud strategy.

Cloud computing powers 67% of enterprise infrastructure. The topmost organization that has the largest market share of cloud computing is Amazon web services. It acquires 32% of the cloud computing market and is increasing constantly. 

Outsourcing software development

This year in 2023, there will be an increase in IT outsourcing initiatives. Businesses are continuously looking for the most cost-effective methods to incorporate the newest technological developments into their goods and services. The growing demand for business process improvement has been the main trigger of rising IT outsourcing needs. 

Businesses entrust IT outsourcing companies to deliver top-notch software development services. Startups gain more benefits from outsourcing software development solutions as they get experienced and upskilled developers and it also eliminates the salary and IT costs of freelancers.

Augmented Reality

Due to the increasing use of eCommerce websites and the rapid increase in eCommerce businesses, there is a rising need for solutions that boost productivity and make buying as easy as feasible. Among these advances in technology, Augmented reality is the latest and most appealing tool. Before the pandemic, online shopping was not that preferred, 47% of people preferred in-store purchases, but after the pandemic this changed drastically, 45% of consumers now go for online shopping instead of moving to a shop. 

By bringing things from the digital world to the physical one, AR enables eCommerce mobile apps to offer more thorough product information. For instance, customers can customize furniture to meet the specifications of their room or see how the garments would look depending on their body type. Customers can now make purchases with more assurance with the help of Augmented reality.

Conclusion

The data on software development show that the present trends in software development will unquestionably lead to changes in the IT industry. Integrating your company with these software development trends and remaining up-to-date about any new ones is the greatest method to adapt to them. 

Regardless they are software development trends in real estate, banking, or healthcare, joining hands with a software development company like Nevina Infotech can keep your company on top of the most recent ones and inform you regarding the trends that are about to emerge & may be advantageous to your company.