Every year, the software development industry expands to new limits with new and revolutionizing technological advancements. As per a report of Statista, it is said that between 2022-2027 the global software market is expected to see a CAGR of 5.78% which means the market revenue will reach around $ 806 billion by 2027.  

Latest technology trends play a key role in confirming growth and expansion of businesses over the digital platform. Apart from helping them build a strong hold on the digital arena, it helps businesses easily connect with their customers.   

Let’s check out some of the Software Development Trends in 2024 that will be driving business success.

Low-code/no-code development will gain popularity

One of the top software development trends in 2024 is low-code/no-code development. The popularity of low-code and no-code development has increased tremendously fast for developing software applications. The platforms for low-code and no-code let developers to easily create mobile and web applications even with complex features without having to go through the pain of writing codes. For businesses, this means they can have their product developed in exceptionally low time with reduced costs. This helps them to improve their products to the taste of their customers quickly through multiple iterations.

More businesses to move to Cloud Services

Soon, more software development companies will be seen moving towards cloud services. It helps developers with efficient development, communication and team management. Again, it simplifies remote work for developers and serves as an effective tool for software industry growth. Moreover, distributed cloud services let businesses host their backed services on different cloud providers rather than keeping them all on one single cloud server. This helps the team ensure zero downtime error.

DevSecOps Model will Resolve Security Concerns

For the last few years, DevOps has improved the software development process by manifolds. It created a platform that combines development and testing teams and allows them to together build quality products. Right from the beginning, developers and testers can take up the responsibility to build quality products by following best practices.  

However, even with everything in place, something these products missed was the focus on security features. It made them easily vulnerable to cyberattacks. By adopting DevSecOps model for development, developers were able to bring security to the core area of development. It helped developers easily implement security practices into their development work. This way, the security team will be able to be part of the development process right from the beginning. Thus, helping developers and testers to improve their processes right from the beginning.

Rise of the Internet of Things

The rise of Internet of Things (IoT) will be one of crucial software development trends that will be witnessed in 2024. The way people live have greatly changed by connected gadgets, cars and appliances. For businesses, IoT plays a major role in preventing malfunctioning of equipment, collecting large volumes of data, managing inventory efficiently, carrying out different operations, and helping with cost-savings.

Blockchain no more Limited to Cryptocurrency

Though cryptocurrency made blockchain popular in the market, its demand is said to increase in the software development field in the coming years. With blockchain, it will become possible for developers to create more transparent and secure software systems. Blockchain helps them integrate high-end security features into business solutions that involve monetary transactions.  

To ensure secure transactions, blockchain comes with key features like decentralized systems, data replication, and public-key cryptography. It helps developers build new revenue streams and business models. As this technology is growing, we can expect developers to explore more possibilities to incorporate it into the arena of software development.

Growing demand for Progressive Web Apps

Progressive Web Applications helps you offer native-like web experience to your mobile application. PWAs can be quickly downloaded on the smartphone directly from the website, thus saving users from the pain of downloading the app from the app store.  

PWAs come with small size, advanced features, offline functionality, and push notifications. PWAs are the best option for startups and small businesses that want to create a digital presence on web and mobile platforms without spending much. In the coming future, several startups and small businesses will be seen investing in Progressive Web Apps. 

Software outsourcing demand will increase

Outsourcing software development is also part of the latest technology trends followed by businesses. Companies that want to control their spending on the development team go for outsourcing software development first. Apart from the headache of maintaining an expensive in-house team, it is not always convenient for companies to find IT professionals with the desired expertise for the selected sectors.  

Moreover, with outsourcing, companies can easily meet their changing tech stack needs without having to go through the hiring process. Such outsourcing companies work with businesses from different niches, which helps them get better insights into the technology needs of their clients easily.

Mixed Reality Adoption to increase

Mixed Reality is one of the software development trends that will be visible in 2024. Mixed Reality is formed by the combination of virtual and reality worlds like VR and AR. It creates an immersive environment with interactive digital and physical objects for the users. The gaming and entertainment industry is already using augmented and virtual reality for building different applications. In the coming years, the use of these technologies in software development is going to increase as developers are looking for different ways to explore their unique skills and capabilities. 

These technologies have the power of transforming software solutions by offering excellent immersive user experiences. So, whether it is about conducting training to enabling remote collaboration, establishing better shopping experience to engaging buyers, these mixed technologies have the power of improving the way in which people interact with software.

Artificial Intelligence and Machine Learning

Currently, the use of Artificial Intelligence and Machine Learning is high across the IT sector. These technologies provide businesses with an upper hand to stay competitive in the highly volatile digital marketplace. It has been fueling applications like data filtering, chatbots, text/image recognition software and machine learning algorithms.  

AI applications help businesses to offer customized user experiences by making informed decisions. That is the reason why many of the tech giants as well as small startups are investing in this technology and reaping huge profits. 

Conclusion

Currently, the use of Artificial Intelligence and Machine Learning is high across the IT sector. These technologies provide businesses with an upper hand to stay competitive in the highly volatile digital marketplace. It has been fueling applications like data filtering, chatbots, text/image recognition software and machine learning algorithms.