15 Software Development Trends in 2024 You Need to Know
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As the landscape of software development continues to evolve, particularly in light of recent global events, what’s considered standard practice today might soon become outdated. For entrepreneurs at the helm of startups, staying abreast of the direction in which software trends are heading is crucial when it comes to app development. Notably, the rise of low-code platforms is transforming app creation, with projections indicating a market growth to approximately $46.4 billion by 2026.
And if keeping pace with software trends hasn’t been a focal point for you thus far, maybe it’s time to shift gears. The economic fluctuations of 2023 have underscored the necessity for businesses to make smart choices and embrace technologies that cover both cost efficiency and flexibility.
Curious about the leading Software Development Trends for 2024? TECHVIFY is here to shed light on the subject. Continue reading to discover the most recent tech trends and understand how they can enhance your product development strategy.
The continual advancements in artificial intelligence (AI) and machine learning (ML) have made them key players in the current software development arena. The 2022 McKinsey report highlights that half of the organizations globally have already implemented AI in some capacity. The uses range from enhancing service operations and product features to automating contact center tasks.
Looking ahead, the AI market is poised for robust growth, with projections suggesting it could surpass $500 billion by 2024. Approximately 35% of businesses around the globe have integrated AI into their operations. Interestingly, there’s a growing curiosity among 42% of companies, which are actively exploring the potential benefits of AI for their business needs.
Moreover, an estimated 50% are considering the adoption of AI within the forthcoming year. This suggests that a substantial 77% of companies are either already leveraging AI or are contemplating its incorporation into their business strategies.
The rationale behind the widespread adoption of AI and ML technologies is clear. Here are the primary advantages they bring to software development:
To harness AI and ML for these purposes, businesses need software developers who are well-versed in specific areas, including model training, integration, management, data handling, and programming languages such as C++, Java, and Python.
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Although some trends in the software industry have been established for some time, the Internet of Behavior (IoB) is a newer entrant that is swiftly gaining ground. It’s anticipated that by 2032, the IoB market could burgeon to a staggering $3,592.6 billion.
And by the year 2028, according to Gartner, workforce shortages are expected to catalyze a pivotal shift, with intelligent robots poised to outpace human frontline workers in key industries like manufacturing, retail, and logistics. This transformation necessitates a strategic overhaul for businesses, prompting them to adapt their operations to harness the benefits of robotic automation for enhanced efficiency and productivity.
The IoB is essentially an evolution of the Internet of Things (IoT). It integrates technologies such as sensors, mobile applications, wearables, along with AI and ML algorithms, to gather behavior-related data. This data is then leveraged to tailor user experiences more personally.
The advantages of IoB extend beyond personalization, particularly in the realm of software development, including:
Prominent companies are already utilizing the Internet of Behavior to deliver tailored experiences. Facebook, for example, employs IoB to curate and present ads that resonate more effectively with its users. Similarly, Spotify uses machine learning algorithms within its Discover Weekly feature to offer personalized music recommendations.
Software engineering trends may fluctuate, yet the Internet of Things (IoT) steadfastly maintains its relevance and growth. Projections by Statista indicate that by 2030, the world will see IoT devices soar to over 29 billion, marking a nearly threefold increase from the 9.7 billion devices recorded in 2020.
IoT represents an interconnected web of physical objects — ranging from smart home appliances and wearable gadgets to vehicles — each embedded with sensors and capable of swapping data over the Internet.
IoT technology brings a host of benefits, including:
Wearable devices like the Apple Watch, Jawbone, and Misfit are prime examples of IoT applications. These devices monitor your daily activities, heart rate, and personalize training regimes, besides providing health and fitness recommendations tailored to your needs.
The hyper-automation market is set to break records this year, with expectations to surpass $155 billion — an impressive figure by any standard.
In today’s world, there’s a strong push towards automating work processes across all domains, including software development. Although it’s not feasible to automate every aspect of the software development life cycle (SDLC), strategic use of cutting-edge technologies can streamline and simplify several stages. For instance, in the realm of testing, 77% of companies have adopted automated testing among other methodologies.
The benefits of introducing automation into software development workflows are multi-faceted:
In essence, automation relieves the software development team from the burden of repetitive and less critical tasks. This reallocation of effort allows them to devote more time and resources to the more complex and impactful elements of the development process.
Blockchain technology has indeed become a cornerstone in discussions regarding software engineering advancements. As a peer-to-peer (P2P) network, blockchain’s pivotal role in transforming transaction processes is underscored by its robust security, transparency, and decentralization. Reflecting its impact, Statista projects that global expenditure on blockchain solutions will likely hit around $19 billion by 2024.
When it comes to embedding blockchain into software development ventures, the advantages are clear and compelling:
The persistent issue of data breaches, with the average cost soaring to $9.44 million per incident in the US as of 2022 according to Statista, underscores the critical need for robust big data security measures. It’s evident that securing big data will continue to be a major focus in the software industry, especially since data is now the lifeblood of businesses and is predominantly cloud-stored. The protection of this data is paramount.
The implementation of big data security within software development brings numerous benefits:
Big data security solutions are instrumental for activities such as cloud security monitoring, incident response, threat hunting, analyzing user behavior and network traffic, and detecting insider threats and data exfiltration.
At TECHVIFY, our development teams take security considerations into every stage of app creation, a practice akin to constructing a digital fortress against cyber threats. In this proactive stance, functionality is intertwined with stringent security measures to prevent future exploitations.
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Indeed, security is of paramount importance across all sectors but particularly for entities handling sensitive and private data. In response to this need, the evolution from DevOps to DevSecOps represents a strategic integration of security practices into the development pipeline.
DevSecOps embeds security measures right from the initial phases of software development. This approach facilitates collaboration among developers, testers, and security teams to enhance the safety and integrity of both the operations and the end product.
The commitment to this methodology is evident in the market forecasts. The DevSecOps market size is projected to reach a substantial $41.66 billion by 2030, with a compound annual growth rate (CAGR) of 30.76% from 2022 to 2030, highlighting the industry’s recognition of the value brought by this security-first mindset.
The advantages of adopting a DevSecOps framework in software development are manifold:
PayPal serves as a prime example of DevSecOps implementation, showcasing how vital it is for companies managing financial transactions and storing sensitive data. By integrating DevSecOps into their workflow, PayPal has strengthened its defense against cyber threats, ensuring a secure platform for its customers and maintaining its reputation as a trusted financial service provider.
Kotlin Multiplatform helps tech giant Netflix optimize product reliability and delivery speed
Kotlin Multiplatform and Compose Multiplatform are indeed revolutionary in the realm of cross-platform software development. By enabling developers to write code once and deploy it across various platforms, they facilitate a more unified and efficient development process. Kotlin’s versatility as a language for both back-end and front-end development reduces the time and resources needed for code writing and maintenance. Additionally, Compose Multiplatform allows for the sharing of user interfaces (UI) elements between platforms, further streamlining the development process.
Being the preferred language for Android development by Google, Kotlin’s prominence in the industry is reinforced. Its alignment with Compose Multiplatform positions it to remain a significant trend in software development.
The benefits of utilizing Kotlin Multiplatform and Compose Multiplatform in software projects include:
Noteworthy applications built with Kotlin reflect its reliability and efficiency. Industry leaders like Netflix, Uber, Pinterest, Evernote, Duolingo, and Coursera have leveraged Kotlin to enhance their mobile platforms, attesting to Kotlin’s capabilities in addressing diverse and complex application requirements.
Mobile gaming has indeed undergone a remarkable transformation, evolving from the simplistic charm of classics like Tetris and Snake to immersive and graphically rich experiences offered by titles like Pokémon Go and Genshin Impact. The surge in smartphone capabilities and user base is a driving force behind the continued relevance and growth of mobile game development.
Investment in mobile gaming is appealing for several reasons:
The potential and profitability of the mobile gaming market have prompted many established gaming franchises to adapt and release mobile versions of their popular games. This trend not only brings beloved game worlds to a wider audience but also allows franchises to tap into the mobile gaming market’s growth and monetization opportunities.
Moreover, advancements in technology such as cloud gaming, augmented reality (AR), and virtual reality (VR) are being integrated into mobile games, enhancing the gaming experience and creating new possibilities for developers and players alike.
Given these dynamics, the mobile gaming industry is poised for continued expansion, and investment in mobile game development is likely to be a lucrative and strategic move for both existing gaming companies and new entrants to the industry.
Low-code development platforms have emerged as a powerful solution for businesses looking to enhance their application development processes. These platforms enable the rapid creation of applications with less manual coding, leading to a host of benefits:
Given these advantages, it’s not surprising that many organizations, including startups looking to quickly bring their ideas to life and test them in the market, are turning to low-code development as a strategic approach to software development. This trend is expected to continue growing as the demand for digital solutions expands and the pressure to deliver these solutions rapidly increases.
The rising significance of user experience (UX) in software development underscores the need for applications to be not only functional but also intuitive and user-friendly. As UX becomes a more critical business driver, engineers are expected to prioritize and integrate user-centric design principles into their workflows.
Key UX Considerations for Software Engineers:
Continuous Integration (CI) and Continuous Delivery (CD) have become integral to modern software development practices, offering a framework for teams to develop, test, and release software more reliably and with greater speed.
The Role of CI/CD in Streamlining Software Development:
Native app development is the process of building applications specifically for a single mobile operating system, utilizing the platform’s native programming language and development tools. This approach is favored for its ability to maximize performance and leverage the full feature set of the underlying platform.
Advantages of Native App Development:
While native app development requires more resources due to the need to create and maintain separate codebases for each platform, the investment is often justified for companies aiming to deliver the highest quality user experience, full functionality, and best performance in their mobile applications.
The demand for programming languages that are both powerful and accessible has indeed made Python and JavaScript popular choices for developers across the globe. Their ease of learning and wide-ranging applicability contribute to their continued prominence in the industry.
Reasons for the Sustained Popularity of Python and JavaScript:
As technology continues to evolve, the adaptability of Python and JavaScript enables them to remain relevant and highly sought after by both developers and employers.
Software development outsourcing is a strategic move embraced by organizations, including startups, to enhance their competitive edge in a cost-effective manner. According to a Deloitte survey, the primary motivation for 70% of businesses outsourcing is cost reduction. This approach is not only about cutting expenses but also about leveraging global expertise and achieving operational efficiency.
Expanded Advantages of Software Development Outsourcing:
Companies like WhatsApp and Skype have demonstrated the effectiveness of outsourcing by relying on third-party developers to build and scale their products. This method has proven successful not only for operational agility but also for maintaining a lean business model that can adapt to changing market demands. For startups looking to optimize resources and accelerate their development cycle, outsourcing remains a compelling strategy.
We're riding an incredible wave of progress in AI! In 2024, AI is set to become even more of a game-changer. Companies that harness AI-driven capabilities are looking at a bright future. They're likely to be the frontrunners in innovation and efficiency, which is super exciting for the industry!
Oh, keep your eyes peeled for advances in Natural Language Processing (NLP)! It's the cool tech that empowers computers to generate text and even write software programs. NLP is getting smarter by the day, and it's making our interactions with technology more seamless and natural. Expect some jaw-dropping developments in this space.
There's a real buzz around native app development right now! With mobile devices becoming almost like extra limbs for us, mobile apps are more crucial than ever. To really leverage the full potential of these devices, software development teams, especially in well-resourced companies, are doubling down on native app development. This means they're crafting separate, finely-tuned versions of their apps for each major mobile OS. It's all about delivering that top-notch performance and stellar user experience!
Choosing native app development is like tailoring a suit – it just fits better. By developing for specific platforms, companies can optimize their apps to leverage the unique features and capabilities of each OS.
This translates to faster performance, better integration with device features (like cameras, GPS, and more), and an overall smoother experience for users. Plus, with advancements in hardware and OS-specific design guidelines, native apps can provide a more intuitive interface that feels right at home on the device.
Native app development usually requires more resources since you're developing multiple versions of the same app. It's a fantastic approach for companies with the means to invest in it, as it can lead to a superior product. However, for startups or smaller businesses, the cost and time investment can be a bit daunting.
In these cases, they might explore alternative routes like cross-platform development tools, which can still deliver quality apps but with a more economical use of resources. It's all about finding the right balance between performance, cost, and the goals of the business.
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Table of Contents1. Artificial intelligence (AI) and Machine learning (ML)2. Internet of Behavior (IoB)3. Internet of Things (IoT)4. Automation5. Blockchain technology6. Big Data Security & Cybersecurity7. DevSecOps8. Kotlin Multiplatform/Compose Multiplatform9. Mobile game development10. Low-Code Development11. The Importance of UX12. Increased Use of CI & CD13. Native App Development on the rise14. Python and JavaScript still relevant15. Software Development & IT Outsourcing for Cost ReductionWhat are the expectations for AI development in 2024?Which area of AI should we keep an eye on this year?What’s the current trend in mobile app development for 2024?Why are companies choosing native app development despite the…
26 July, 2024
Table of Contents1. Artificial intelligence (AI) and Machine learning (ML)2. Internet of Behavior (IoB)3. Internet of Things (IoT)4. Automation5. Blockchain technology6. Big Data Security & Cybersecurity7. DevSecOps8. Kotlin Multiplatform/Compose Multiplatform9. Mobile game development10. Low-Code Development11. The Importance of UX12. Increased Use of CI & CD13. Native App Development on the rise14. Python and JavaScript still relevant15. Software Development & IT Outsourcing for Cost ReductionWhat are the expectations for AI development in 2024?Which area of AI should we keep an eye on this year?What’s the current trend in mobile app development for 2024?Why are companies choosing native app development despite the…
25 July, 2024
Table of Contents1. Artificial intelligence (AI) and Machine learning (ML)2. Internet of Behavior (IoB)3. Internet of Things (IoT)4. Automation5. Blockchain technology6. Big Data Security & Cybersecurity7. DevSecOps8. Kotlin Multiplatform/Compose Multiplatform9. Mobile game development10. Low-Code Development11. The Importance of UX12. Increased Use of CI & CD13. Native App Development on the rise14. Python and JavaScript still relevant15. Software Development & IT Outsourcing for Cost ReductionWhat are the expectations for AI development in 2024?Which area of AI should we keep an eye on this year?What’s the current trend in mobile app development for 2024?Why are companies choosing native app development despite the…
24 July, 2024
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