Top 6 Software Development Trends For Businesses in 2024

In today's digital era, the software development industry is continuously expanding and presenting enormous opportunities for businesses, entrepreneurs and startups. According to The Business Research Company's findings, the mobile application software development market is currently valued at $260.38 billion and is expected to surpass $700 billion by 2026.

With countless applications being released on the Google Play Store and Apple App Store every day, it's important to ensure that your app stands out and receives the majority of downloads.

Building a successful business in today's competitive world requires keeping up with the latest software development trends.

To achieve your goals, it's important to consider the latest trends in IOS app development, such as cloud computing, while creating an app. This blog has compiled a list of the top software development trends that you should read about. But first, let's take a look at what the IT industry has in store for us in 2024.

As we approach 2024, there is a noticeable rise in software development trends that will be influential for the next five years. Some of these trends are well-established, while others may take you by surprise. So, without delay, let's delve into the top six software development trends for 2024, as determined by industry experts, surveys, and other relevant data.

Mobile App Revenue Worldwide

As we approach the conclusion of the year 2022, it's important to consider the top software development trends that will emerge in 2023 to remain competitive. The software development industry is rapidly evolving, and it's expected that the trends within the sector will continue to shift in the upcoming years. The key question is how the current software development practices will transform in the year 2024.

Please note that you don't have to take our word for it. According to Statista's Digital Market Outlook, revenue in most areas is expected to increase in the next few years, reaching an estimated 613 billion US dollars by the year 2025.

List of Worth Noting Software Development Trends

Cloud Services Gains Momentum

Cloud services are gaining importance in the software development sector. As we all know, cloud services are less expensive, more flexible, and provide greater security than most traditional on-premise software solutions. Therefore, companies will increasingly depend on cloud computing for their initiatives, and cloud services will be in high demand. This trend is expected to continue, with more and more firms utilizing cloud services for their purposes.

DevOps

DevOps is a process that aims to integrate software development and operations. Its goal is to deliver higher-quality code in less time by reducing the time spent on integration, infrastructure management, and deployment.

DevOps has become an essential skill for developers as it has grown in importance for companies competing in today's digital environment.

Moreover, the trend of DevOps is expected to increase rapidly because it enables product managers to quickly provide their products at a lower cost, higher quality, and greater reliability. The ability to close feedback loops more quickly means that errors can be discovered and addressed before they become significant issues.

Artificial Intelligence

It has been forecasted by IDC that the global AI industry will grow by over 16% to around $327.5 billion in 2021 and is expected to reach nearly $500 billion by 2024. Surprisingly, the adoption rate of AI has increased even more following the Covid-19 pandemic and is projected to continue expanding. Various businesses are progressively adopting AI app development technology as it helps reduce costs by enhancing efficiency and eliminating errors.

Experts also predict that AI could bring $1 trillion in value to the banking industry annually. It enables banks to provide customers with the hyper-personalization they expect in today's society.

Rise in Web 3.0

Web3 has a huge potential to revolutionize the software development industry by providing consumers with a more polished and dynamic experience. With Web3, people will have control over their data, which is expected to become a huge trend in the upcoming years. Decentralization will enable end users to benefit by removing intermediaries.

Additionally, businesses will be able to provide more interactive user experiences on social media platforms. The data will no longer be centralized, which means there will be no data breaches and hacks.

Expansion of IoT

The use of connected devices is becoming more and more common in our daily lives. The Internet of Things (IoT) has become a norm, and it is expected that more than 250 billion connected devices will be online by 2023. As the Internet of Things continues to expand, this number is expected to grow rapidly. Experts believe that incorporating IoT technology into businesses will help improve their operational efficiency, customer experience, and profitability.

The industrial and automotive industries, in particular, are expected to be significantly impacted by the Internet of Things. This trend is expected to continue for some time, as more devices become internet-enabled and linked.

Sensors are being quickly integrated into devices such as smartphones, laptops, household appliances, and automobiles. These sensors transmit data to networks and software platforms. Many of these devices are wirelessly connected to other devices or linked via physical connections such as energy grids or transportation networks. This connectivity allows these devices to be remotely monitored for issues or upgrades.

Growing Adoption of Low-Code and No-Code Development

Experienced employees often prefer no-code technologies that enable them to create workflows and applications, which can help them perform their jobs more efficiently. No-code development is a revolutionary approach to app development that enables users to create complex workflows without any coding knowledge. It is a flexible, secure, and cost-effective solution that is based on concepts rather than technical expertise. Businesses can leverage the creativity of their employees by providing them with tools such as Notion, Airtable, and Retool, allowing their business tools to learn and adapt from the users who employ them.

Conclusion

Having a suitable mobile application for your business can significantly increase its visibility and accessibility to your target audience. Besides the obvious benefits of boosting sales and building brand recognition, it can also serve as a potent marketing tool for fostering brand loyalty and attracting new potential clients.

Keeping up with the latest trends enables you to incorporate innovative ideas into your business, make evidence-based projections, and establish yourself as an expert in your industry.