- What is software development?
- History of software development
- Software development statistics for 2023
- The state of software development in 2023
- A look at the top 7 trends in software development for 2023
- 1. Cyber security
- 2. Artificial Intelligence
- 3. Blockchain beyond crypto currency
- 4. The Internet of Things
- 5. Cloud computing for a post-pandemic world
- 6. The rise of IT outsourcing
- 7. The rise of augmented reality
Software development trends are constantly changing, but a few seem to dominate in 2023. Technology has significantly changed the landscape of software development over the years. When building an app, startup entrepreneurs must be well-informed about the direction of the software industry’s trends. For instance, the market for low-code development platforms is estimated to generate $46.4 billion in sales by 2026. These changes must be kept up with for businesses to succeed in a technologically advanced world.
While AI-assisted coding tools were the hottest trend last year, developers should pay attention to the top software development trends in 2023. Despite the fact that changes in software development are sometimes difficult to notice, this article examines seven software development trends. First, let’s understand what software development is.
What is software development?
Software development, application development, or software design, is the process of creating standalone software using a specific programming language. Developing software involves writing interrelated programming code to provide its functionality.
Software development follows an iterative logical process that leads to creating computer-coded or programmed software that addresses a unique objective, goal, or process for a business or individual. The process of developing software involves several steps and stages that lead to the creation of operational software.
History of software development
A computer scientist named Tom Kilburn wrote the world’s first piece of software, which was run at the University of Manchester in England on June 21, 1948. Kilburn and his colleague Freddie Williams built one of the earliest computers, known as the Manchester Small-Scale Experimental Machine.
With the introduction of personal computers in the 1970s and 1980s, software became extremely popular. It was mostly due to the use of the internet that open-source software became mainstream in the 1990s. April 3, 1973, marked the first time a mobile phone was used in the world. In 1993, IBM released the first public “smartphone.” In 1996, Palm OS brought personal digital assistants to the masses.
Today, custom software development has exploded with the internet due to the ubiquitous nature of software.
Software development statistics for 2023
- According to software development industry statistics, Asia has the most app developers (32.9%), followed by Europe with 29.7%. – Treinetic
- Integrating artificial intelligence into software is one of the major trends in software development. – Analytics Insight, Gartner
- 40% of software developers use React.js as their main web framework. – Statista
- Jira is the most utilized tool for managing software development projects. – The Codest
- By 2024, India will replace the USA with the highest number of software developers. – Evans Data
The state of software development in 2023
The year 2022 will be remembered for the convergence of business and technology under the banner of value stream management, with an increased emphasis on safety and security in software, and the increased use of microservices.
The software development industry reaches new heights daily, creating endless opportunities for companies, startups, and entrepreneurs. Currently, software development has a market value of $260.38 billion and is expected to grow to $700 billion by 2026.
Key features of effective software development
The common features that all software applications must satisfy to be successful are user experience, availability, performance, scalability, adaptability, security, and economy.
1. User experience – An application’s usability, usefulness, and desirability based on all direct and indirect user interactions.
2. Availability – The ability of an application to perform its functions when needed.
3. Performance – How well an application performs a particular function in relation to business requirements and user expectations.
4. Scalability – How well an application handles large or small numbers of transactions, services, and data.
5. Adaptability – Ability to change or extend the functionality of an application.
6. Security – Minimizing attack risk, ensuring confidentiality, integrity, authentication, authorization, and nonrepudiation.
7. Economy – Keeping costs low without compromising an app’s business value or the other six qualities.
Why should you consider the latest software development trends?
How will you ensure that your app stands out from the competition and receives the majority of user downloads, given that numerous apps are being released on Google Play and the Apple Store every day?
To build your firm in this competitive market, you must be aware of the top trends in software development. You can achieve your aim by creating an app while considering the most recent developments in software development. Here are a few reasons why monitoring trends in software development is crucial.
- To enhance the user experience
By considering future trends in software development, you can foresee the requirements and preferences of users and build your app accordingly.
- To stay competitive
If you keep up with the latest trends in software development, you will stay competitive in the market, which will result in better business performance. If you are a software developer, you can ensure you have all the skills employers seek.
- To increase work efficiency
Implementing the latest technologies and techniques in your business can help you work with improved efficiency and get things done faster.
- To take benefit of new opportunities
The latest software development trends can help you find new opportunities for your business or company and position yourself to take advantage of them.
- To stay up-to-date with the latest technology
Technology is constantly changing, and staying informed of the latest trends helps you ensure you are using the latest software development tools and approaches available in the market.
A look at the top 7 trends in software development for 2023
1. Cyber security
Cyber risks never stand still. Organizations should prepare for increased cyber threats as the Russia-Ukraine conflict continues and economic uncertainty looms.
The above statistics by Gartner indicate a need for cybersecurity in 2023. As more businesses migrate their activities online and rely on cloud-based technology for daily operations, cyber security has emerged as one of the top software development trends in 2023 and a significant concern.
With time, cybercriminals have improved their skills, particularly when finding and using new vulnerabilities in mobile apps that can be utilized to defraud users of their data and money. If any organization wishes to prevent suffering significant losses due to the compromise of sensitive data or the theft of money, cyber security in software development becomes essential.
Cyber security trends you can expect to see in 2023
- Increase in cyber threats in small companies and startups
- Evolution of the ransomware ecosystem
- Upsurge in mobile device-related risks
- Artificial Intelligence potential in cybersecurity
In addition to the most common cybersecurity trends, the environment will continue to change, forcing enterprises to review their security plans and adapt to the evolving cyber threat environment. Also, businesses will continue to put an emphasis on educating their consumers about the hazards connected with their online activity, which will put them one step ahead of the evolving cyber threat landscape.
These developments in cybersecurity will make it more difficult for organizations in 2023 to stack their security measures. This year, businesses are expected to spend up to $100 billion on asset protection, which would be a record high.
Gartner researchers predict that there will be more decentralization, regulation, and serious security consequences for the foreseeable future. Make these strategic planning assumptions part of your upcoming year’s roadmap.
2. Artificial Intelligence
Artificial Intelligence has emerged as a key participant in the tech sector as the world constantly changes. Huge progress has been made in the AI industry over the past year. Today, all kinds of enterprises are utilizing AI to simplify operations and boost productivity.
According to IDC research, businesses and governments around the globe are estimated to invest a whopping $500 billion in AI technology in 2023, and it’s not hard to find out why. AI has already made a big impact on our daily lives, from self-driving cars and robot servers in restaurants to virtual assistants, and there is no sign of it slowing down.
IDC’s program vice president for AI Research, Ritu Jyoti, says that the global pandemic has pushed AI to the top of the corporate agenda, enabling business resilience and relevance. Businesses are increasingly using AI across all functional areas. Among the newest AI software innovations are advancing Machine Learning, Conversational AI, and Computer Vision AI, which enable converged business and IT process optimizations, predictions & recommendations, and transformative employee and customer experiences.
Due to the immense potential that this technology has for businesses, there has been a recent explosion in AI-led initiatives. These initiatives range from developing proactive customer services solutions like chatbots or predictive analytics for better decision-making to the most recent revolution— the ChatGPT.
Top AI trends to watch out for in 2023
- Natural language generation
- Image recognition
- Speech recognition
- Marketing automation
- Content creation
- Decision management
- Machine learning
- Robotic process automation
- Cyber Defense
- Deep learning platforms
Artificial Intelligence will help the entire world revolutionize different industries. In the sectors of support, national security, fitness, care, transportation, and others, significant dispositions already exist that have changed decision-making, commercial prototypes, risk extenuation, and organizational performance. There are significant social and economic benefits coming from this transformation. The time to invest in the AI age is now since AI will penetrate every part of our lives. AI has the potential to revolutionize society and emerge as the most important invention in history.
3. Blockchain beyond crypto currency
Blockchain technology became globally recognized only through the advent of cryptocurrencies, but it has other significant applications as well. Business landscapes around the world will be transformed by emerging blockchain trends in 2023. Besides serving as the backbone of cryptos, this sophisticated database tool is also predicted to raise the global economy by $1.76 trillion by 2030, according to a report by PwC.
On an economic and business level, the blockchain sector has unlocked a whole new world of opportunity. This is all due to its power to improve security and privacy. The Business Research Company predicts that the market for worldwide blockchain services will increase from $3.28 billion in 2022 to $4.7 billion in 2023 to an astounding $19.76 billion by 2027.
The expansion of blockchain-based enterprise operations is one of the top blockchain trends of 2023. Since decentralized blockchains provide better security, transparency, and protection from cyberattacks, more businesses are likely to use this technology.
Blockchain development trends in 2023
- There will be continued growth in decentralized finance (DeFi) and regenerative finance (ReFi)
- Increased adoption of blockchain by enterprises
- Increased development of blockchain-based applications
- More blockchain-based cryptocurrencies
- Implementation of blockchain in the government sectors
As blockchain technology advances, analysts predict it will have a greater impact on society and the economy in 2023. It’s going to be a year of transition as more people and companies adopt Web3 technologies like blockchain to take full advantage of their potential. Blockchain technology is predicted to have a significant impact on a number of well-known industries, including banking, finance, supply chain management, healthcare, and cybersecurity.
It is possible to transform the current tech world by incorporating innovative tools such as digital assets, enterprise blockchains, and quantum computing. Businesses planning for enterprise app development can opt for a software development company. We have proven experience in developing and managing blockchain solutions. Talk to our experts now.
4. The Internet of Things
Over the last few years, the term “Internet of Things” has become increasingly popular, and in the years ahead, we expect to hear even more about it.
Internet of things statistics for 2023
- IoT-connected devices worldwide grew by 16% from 2021 to 13 billion in 2022, according to Statista.
- In 2030, there will be more than 29 billion IoT devices, including those with WPAN, WLAN, cellular, LPWA, and 5G connections.
- Currently, there is over 400 active Internet of Things platforms, with ten leading IoT platforms controlling about 65% of the market.
- According to Market Data Forecast, the global IoT market will reach $875 billion in 2025, with a CAGR of 16.9%.
- In 2023, Forbes predicts there will be 3.5 billion cellular IoT connections.
- As many as 152,200 IoT devices will be connected to the internet every minute in 2025, according to Forbes.
Statista predicts that IoT will continue its explosive growth in 2023, with 30.9 billion IoT devices installed by 2025. Over $1 trillion will be spent on IoT developments in 2023 due to a significant expectation of increased investment. As a result, there will be more incentives to design and produce IoT hardware and to develop and apply rapidly growing IoT software. In spite of the fact that technology grows proportionally, the adoption of IoT will continue to grow exponentially more than contemporary tech in the near future.
The Internet of Things technologies are increasingly being used in manufacturing, and the market is constantly growing. Applications for IoT devices range from healthcare to the automobile industry, and features like monitoring, advanced real-time data collection and analysis, and error prevention all contribute to higher production efficiencies.
Top IoT trends in 2023
- Smart cities
- Traffic management
- Digital twins IoT security
- Edge computing
- Voice-activated IoT devices
- IoT powered by 5G technology
- IoT-empowered AI applications
The majority of enterprise IoT installations are in the areas of waste management, water supply, electricity, gas, and steam. In terms of IoT implementations, the government, storage, and transportation industries are likewise far behind. More than 100 million IoT devices have been deployed in just these top industry sectors. In addition to these, more than a billion devices are anticipated in sectors like asset tracking, IT infrastructure, and connected cars by 2030.
The smart home industry is pioneering the deployment of Internet of Things devices in the consumer market. The smart home market is anticipated to increase by 350 million, by 2023.
Over the past year, voice assistants have grown significantly, with millennials contributing the majority of this development. Voice assistants are used by almost 65% of people between the ages of 25 and 34 every day. Those between the ages of 18 and 24 come in second place, with about 59% of that group utilizing voice assistants. The most popular IoT devices in the consumer market are still smartphones and other media devices. IoT will continue to be a top software development trend in 2023, according to this data.
We can assist you in every step of integrating your products and services with IoT as a top provider of IoT applications. You can get in touch with us so that we can have a brief conversation and help you radiate your best self.
5. Cloud computing for a post-pandemic world
Cloud computing is one of the most quickly developing technologies in the IT sector. In recent years, the technology’s usage has grown exponentially, despite its existence for over a decade. Given this growing trend, cloud computing is predicted to overtake other technologies as the most talked-about topic in 2023.
Pandemics accelerate the move towards virtualization. Around the world, the cloud computing revolution was sweeping across every industry, sector, and market through 2020-21. With companies now adopting remote working as a full-time model, this shift towards remote working and cloud platforms is only set to grow in 2023.
Cloud computing statistics for 2023:
- According to Gartner, Global IT spending is projected to climb by 5.1% to $4.6 trillion in 2023, driven by an 11.3% increase in investments in cloud applications to $879.62 billion.
- Gartner predicts that enterprises will spend more on public cloud services by 2025 than on traditional IT solutions.
- According to Gartner, global spending on desktop-as-a-service will reach $3.2 billion in 2023 as businesses move away from traditional client computing solutions and towards subscription-based virtual desktop services.
- Software and cloud-based infrastructures will increase sustainable efficiency by 35% in 85% of organizations by 2025, according to IDC.
- IMARC Group estimates that the global XaaS market will reach $624.1 billion by 2027, from $198.6 billion in 2021.
These statistics show the growing need for cloud computing in the software development sector. In comparison to conventional on-premise software solutions, cloud services are more affordable, adaptable, and secure. Cloud computing will be increasingly used by businesses and will be in high demand. The trend is expected to continue to rise as more companies use cloud services.
Several reasons exist for why businesses are moving to the cloud. As a result, they are able to lower their operating costs, increase their speed, agility, and scalability, and improve their customer service as well. Cloud infrastructure gives businesses more freedom to store enormous amounts of data at a lesser cost when it comes to application deployment or scaling of operations.
Additionally, cloud technology has extensive analytics capabilities that enable businesses to learn a great deal about the preferences and habits of their customers. As a result, they are able to improve customer experiences and increase engagement.
Top Cloud Computing trends in 2023 to look out for:
- AI and ML integration into cloud computing
- Kubernetes and Docker to manage cloud deployment
- Data security in cloud computing
- Hybrid cloud solutions
- Cloud cost optimization
In 2023, the increased need for cloud computing will lead to greater integration of AI and ML. A recent report predicted that the cloud AI market would reach $13.1 billion in value by 2026 and expand at a CAGR of 20.3 percent between 2021 and 2026. This is now worth far more than its 2020 value of $5.2 billion. For a variety of purposes, including digital asset management, virtual assistants, reality-as-a-service, cloud-based application security, and much more, businesses can employ AI and ML in combination with cloud computing.
If you are looking to hire software development experts, OpenXcell can help. Hire the top 1% of pre-vetted software developers in cloud computing with the leading software development company.
6. The rise of IT outsourcing
As companies look to reduce costs and improve collaboration, IT outsourcing is becoming increasingly popular, and the trend shows no signs of slowing down, as the data from Statista shows: IT outsourcing revenues are expected to increase sharply from 2023 to 2027.
IT outsourcing statistics for 2023
- Deloitte projects IT outsourcing spending will reach $519 billion in 2023 – up 22% from 2019.
- According to Syntax, 83% of IT leaders are considering outsourcing their security efforts.
- According to Computer Economics, 60% of organizations outsource software development.
- Kearny identifies India as the most attractive location for outsourcing business services.
Recent data indicates that by 2027, the total market value of the IT outsourcing industry will have surpassed $587 billion USD. The USA is expected to generate the majority of the money. Also, there is a noticeable increase in global spending on services like application outsourcing.
As you can see from the statistics, organizations are increasingly choosing to outsource parts of their processes to outside companies, spending hundreds of billions of dollars annually as a result. Companies are simultaneously figuring out how to complete outsourced tasks faster and cheaper.
Business owners benefit from increased flexibility and cost-efficiency when they outsource software development. Rather than hiring new in-house developers and paying them regularly, managers can partner with a remote provider who will pay the team on a per-project basis or an hourly basis if their in-house team lacks advanced skills in certain tech stacks.
The recent past has demonstrated to us the value of technology in enduring difficult times. This is especially true for companies that experienced a significant loss of efficiency and productivity because they lacked the infrastructure to handle remote operations during a global lockdown. Companies today are actively looking for ways to modernize their technologies and accelerate their digital transformation in order to avoid such a situation in the future.
Top trends in IT outsourcing
- Increased adoption of cloud-based services
- The growing importance of cybersecurity
- Rise of automation and AI
- Increased focus on data privacy and compliance
- Increased use of collaborative technologies
Businesses all over the world are trying to expand their efforts and speed up the digitalization of their processes and procedures in response to the focus being placed on digital transformation. And as a result, there is a greater need for specialists and a larger pool of resources.
This is the reason why the IT and software outsourcing industries have seen tremendous growth over the past several years. Companies in India are realizing that, particularly as the world gets more and more digital, they frequently lack the internal expertise and personnel to meet their goals.
Whatever the driving force, it is certain that outsourcing is already proving to be a crucial strategy in 2023 and that this will only continue into the following years. Build a better business empire with OpenXcell’s capability to offer custom software outsourcing services from India to multiple offshore locations.
7. The rise of augmented reality
As more and more people adopt AR technology into their daily lives, the number of companies that are integrating it into their offerings is set to explode in 2023.
Augmented Reality statistics for 2023
- According to Statista, 34% of customers are already using AR technology while shopping.
- 63% of customers say augmented reality will improve their shopping experience.
- Therefore, 90% of companies with annual revenues of $100 million to $1 billion dollars are now leveraging AR technology or VR technology.
- Google found that 6 out of 10 consumers want to visualize how a product will fit into their lives before purchasing it.
- Since 5G offers higher network bandwidth, it is expected that more retailers will be interested in AR technologies.
With these figures, it is likely that one of the biggest trends in software development in 2023 will be augmented reality (AR). We may anticipate that more online businesses will create virtual shopping experiences for customers who want to be able to see their appearance in an outfit before purchasing it. Together with the expansion of AR’s application in eCommerce, voice-controlled interfaces will also become more prevalent. In order to achieve better results, we advise you to hire dedicated Indian app developers.
Using AR, eCommerce mobile apps can offer more thorough product information, bringing the products from the virtual world to the actual one. Customers can, for instance, customize furniture based on the specifications of their room or see how garments will fit their body type. Customers can now make more informed purchasing decisions as a result.
Top AR Trends in 2023
- AR preview placement
- Virtual showrooms
- In-store navigation
- VR for real estate
- Interactive user manuals
- Facilitating a hybrid/remote work culture
Virtual and Augmented Reality are emerging new trends that will change how businesses are managed and continue to grow with the metaverse. Virtual reality makes use of an explorable, interactive environment created by a computer, whereas augmented reality overlays digital data on top of the actual world using a number of technologies.
Consumers quickly incorporate AR technology into their daily lives. Studies show that 34% of consumers now use augmented reality technology while they purchase. 90% of companies with annual revenues between $100 million and $1 billion already use AR or VR technology as a result.
Why should you choose OpenXcell as your software development provider?
The digital world of today requires “Innovation with Persuasion” in all major industries, including the information technology sector. With the help of our custom software designing & development services and extensive industry experience, we can empower your business. From the first stages of a concept to strategy, research, quality control, technological consulting, and software development and maintenance, we remain by our client’s side. With deep technical knowledge and a track record of success across numerous industries, OpenXcell has mastered the skills of software development.
To stay ahead of the curve, businesses as well as developers should be kept up-to-date with the latest software development trends in 2023. Cybersecurity, AI, IoT, and Blockchain are the several trends that have the potential to significantly speed up your company’s growth. You can improve the efficiency and performance of your software development by incorporating these latest software development trends.
Businesses that strive to incorporate new technologies into their digital solutions must carefully consider each software development innovation and only adopt those that will unquestionably help them maintain their competitiveness in the market and offer their users the best possible user experience. You can hire software developers from OpenXcell for quick strategy advice if you’re still unsure of which cutting-edge software development technology to select. Whether you’re thinking about upgrading the current software or considering creating a new one from scratch, we will assess your business needs in order to provide you with the finest solution.
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