Recent Trends in Software Development 2023

As technology continues to evolve, the rate at which we consume and use this technology will also increase. Since most new technology is computer-based, the rate of software development will also need to increase. Applications like Artificial Intelligence, the Internet of Things, and AR/VR/MR are expected to stretch the limits of the current development life cycle. In this blog, we’ll explore what software development is and the latest trend in the industry.

What is Software Development?

Software development is designing, creating, developing, and maintaining software applications. It is a broad term that includes a variety of activities, such as,

• Programming
• Coding
• Debugging
• Testing
• Deploying

In recent years, software development has seen a surge in popularity due to the rise of cloud computing, mobile devices, and the Internet of Things. This has led to development of new programming languages and frameworks, such as JavaScript, Python, and Kotlin. 

Companies increasingly seek developers skilled in these technologies who can design and create innovative software solutions for real-world problems. From 2021 to 2031, it is predicted that the employment of software developers, quality assurance analysts, and testers will increase by 25%, substantially faster than the average for all jobs. 

Latest Trends in Software Development 

Here are a few of the latest trends in software development.

• Low-Code/No-Code (LCNC)
• Artificial Intelligence (AI)
• Blockchain Technology
• Outsourcing
• Cloud Computing 

Low-Code/No-Code

Software engineering is going toward simplification with a new method of developing software solutions known as low-code/no-code (LCNC) development. LCNC platforms use Graphical User Interfaces (GUIs), which are setups that enable almost anyone to create software without knowing any traditional coding techniques. Such programming environments have a lot of potential since they enable individuals with little to no software development experience to turn their concepts into digital solutions.

Compared to traditional development, software applications can be developed in less than half the time using LCNC tools (72% of them). By 2026, the LCNC development platform market is expected to be worth $46.4 billion worldwide, expanding at a CAGR of 25%.

Artificial Intelligence

Implementing AI in software development has resulted in an unexpected paradigm shift. From coding to deployment, AI is steadily improving and assisting in never discovering before seen technological inventions. The software development lifecycle is accelerated by algorithm-based Machine Learning (ML), helping engineers optimise software workflow at every stage. The industry has shifted significantly as AI redefines how engineers work and how their code is created and handled. Productivity, quality, and speed of development are improved. 

AI algorithms can help automate QA (Quality Assurance) and improve project planning and user experience. According to a recent study, software development using AI enhancements increased developer efficiency by a factor of ten.

Blockchain Technology

Blockchain technology is no longer exclusively connected to cryptocurrencies. And blockchain is one of the major trends in the software industry right now. Researchers have noticed a startling increase in the use of blockchain in various industries. The fact is that this decentralised, distributed system offers great security and transparency for a variety of transactions and may be used in a wide range of industries outside of fintech. These are a few instances: 

• Systems for monitoring supply chains in the automotive, agricultural, and oil and gas industries.
• Systems of accounting software that make it possible to track energy usage platforms for protecting intellectual property.
• Computer programmes for safe electronic voting.

Outsourcing

Outsourcing software development is becoming increasingly popular. Finding qualified IT specialists that could produce high-quality custom software projects on time and within budget is challenging for many industries and firms. Such companies can obtain a talented workforce at a fair price by outsourcing software suppliers. In terms of revenue, outsourcing is the largest segment of the IT services market. 

According to Statista, the IT outsourcing market is predicted to generate $361 billion in revenue in 2021, $430.50 billion in 2023, and $587.3 billion by 2027 (8.07 % CAGR). 

Various pragmatic advantages like quicker and more flexible development, cost-effectiveness, and the availability of in-house resources all contribute to expanding the outsourcing business.

Cloud Computing 

According to the trend, adopting cloud-native solutions for app development, team management, and communication is expected to increase among software development organisations. Public, private, or hybrid clouds host these software items and services. They can run on numerous servers and are infrastructure-neutral so that any business can use them.

Cloud-native software solutions, which are based on containers and microservices, offer flexibility and scalability and raise the productivity of software development teams.

It should be highlighted that the need to support remote work has increased demand for cloud services and solutions. Businesses have been forced to put in place the necessary framework and assist staff in setting up a workspace in their homes as offices.

Conclusion

The world of software development is continually changing. While certain techniques and tools are developing, others have grown antiquated. Developers must keep up with the newest trends and incorporate new technology into their processes to be competitive in this digitally-driven environment. If you want to upskill your software development skills, Skill-Lync is here to help. 

We offer various PG programs and individual courses in the field of computer science, where you can learn from the basics to the advanced. Book a live demo session to know more!