If you want to upscale your IT business and are ready to accept and leverage the changes and evolution of software engineering and technology, this blog is for you. In this blog, we have highlighted predictions in software development along with the top six trends in custom software development to keep you updated and help you develop and maintain software that will never go obsolete. Here is how you can be one step ahead of all your competitors in any time frame.
Let’s get into it!
Custom Software Development – Statistical Overview
According to the research firm Grand View Research, the value of the global custom software development market size was around $24.46 billion in 2021 and is expected to grow at a CAGR of 22.3% between the forecast period of 2022 to 2030.
Top 6 Trends in Custom Software Development
In today’s digital era, custom software development is evolving at an unprecedented rate with new technologies and trends. It has become a driving force behind the success of businesses across industries. These types of solutions induce transformative changes and play a critical part in reshaping the industry, thus, helping businesses gain profitable growth and attain competitive advantage. Here are some of the latest trends in custom software development;
1. AI Adoption
The increasing interest of businesses in AI adoption is one of the most notable trends in custom software development. Businesses from all over the world are exploring the infinite power of AI to improve their productivity.
This increasing trend of AI also aims to reduce human errors for a more streamlined and better operational efficiency. From machine learning models to generative AI, new-age technologies are fuelling businesses in a way not imagined before. For example, AI enables efficiency in business processes that results in the enhancement of workforce productivity, operational excellence, and apt allocation of resources.
2. Progressive Web Apps
Progressive web apps (PWAs) are also one of the most significant custom software development trends, featuring responsiveness and convenience for a mobile app enabling security and website-like attributes. PWAs can drive growth to businesses, as these apps are equipped with striking features, such as offline support, camera integration, and notifications.
3. Web 3.0
Web 3.0 is also one of the most significant custom software development trends, holding a prestigious position in reshaping the way software development and deployment are undertaken. When talked about the latent ability of Web 3.0, it belongs to a modern era of internet development based on its great features, such as decentralized, secure, and user-focused applications.
Web 3.0 is a successor to Web 2.0, it brings to the fore a host of technologies including;
- Decentralized networks
- Smart contracts
- Distributed ledger systems
4. The Internet of Behaviour (IoB)
IoB is all about internet-based connection with physical objects. It is believed to transform the way people interact with the world around them. The potential advancement made in AI machine learning models is responsible for driving the growth of IoB.
These technologies assist in the development of devices and contribute to our understanding of how we behave. Moreover, the IoB-generated data can be used to create new models of services and products and improve people’s interaction with devices.
5. Blockchain Technology
Blockchain technology is evolving and developing, and many businesses have started to explore unique ways to use blockchain technology to streamline their operations. Some of these include:
- Reducing fraud
- Securing data
- Automating business processes
6. IoT Integration
IoT-enabled connecting and smart devices use cutting-edge technologies to revolutionize the way we interact with each other, thereby being a significant part of bespoke software development.
Businesses using this technology can create innovative and advanced software solutions, to improve decision-making and efficiency of their operations. Moreover, this technology can help them offer seamless user experience, which in turn drives a profitable growth of business in a set timeframe.
IoT integration results in data-driven insights, helping different industry sectors to make informed decisions in critical times. This is why many industries are willing to adopt IoT, including manufacturing, healthcare, transportation, agriculture, logistics, and smart homes.
Future of software development
Custom software development has a bright and safe future ahead. It is critical for businesses to develop tailored solutions to address their specific needs in the most efficient ways. Considering how off-the-shelf software is often inefficient in handling unique business demands, choosing custom software is quite an intelligent replacement in this regard.
Moreover, it is difficult to customize off-the-shelf software to make it fit the existing business requirements. However, if you need an efficient solution that you can scale up or down according to the evolving demands of your business, custom software is the best way out. In short, custom software development is promising based on how it serves businesses with productivity and efficiency.
In conclusion, custom software development is one of the most essential and fundamental requirements for businesses. If you own a software development company, you should opt for custom software solutions to reduce costs, enhance business efficiency, and stay competitive in your respective niche.
Therefore, it is critical to hire a reputable custom software development company. However, if you want software development experts Hireadev can help! We have world-class talent in our team enabling businesses to reach their goals with our exceptional services. So, what are you waiting for? Reach out to us and get ready to be ahead of the curve, with innovative solutions from our software development team.