Recently, the area of software development has been experiencing a real boom around the world. According to the U.S. Bureau of Labor Statistics, the number of jobs in digital product creation is projected to increase by 22% between 2020 and 2030, much higher than the average forecast growth rate for all occupations set at 8%. Such figures confirm the massive promise in software development, and current trends ensure the industry’s progress.
Main directions of software development for 5-10 years
With 2023 already here, startups and old companies need to pay attention to new software development trends and consider them when planning projects to meet rising market expectations. The future is uncertain, and life teaches us to be prepared for any surprises; however, fundamental trends in computer engineering, blockchain, cloud technologies, and cybersecurity will continue to develop. Let’s discuss them in more detail.
Cloud computing
In 2006, Amazon splashed cloud computing by creating several AWS cloud servers: EC2, S3, and SQS. Over the next 14 years, cloud computing has become commonplace, used by government agencies, financial institutions, heavy industry, healthcare, and more.
In the next ten years, cloud computing will become an essential element of software development. Google will complete its work on unifying Cloud Stack through Cloud Native Foundation, allowing standardization of most cloud services.
Whether we like it or not, by 2030, they will become centralized and dominated, as they are today by large technology corporations.
Low code programming
In recent years, the Low-Code No-Code (LCNC) technique has been actively developed, which allows you to reduce the barrier to creating programs. Today’s various LCNC solutions let you make the first product quickly, without computer engineering specialists’ participation; the most popular systems include Huddle, Parabola, Kodika, etc. Modern platforms have a long way to go to create flexible, industry-grade digital products. By 2030 companies will be able to build up to 80% of user apps MVP through LCNC.
Cyber security
The future of software development is linked to changing cybersecurity standards. Transitioning to an intense digitally interconnected era means modern firms must recognize cybersecurity standards. According to the American group Cybersecurity Ventures, enterprises lose about 6 trillion dollars a year due to criminal activities on the Internet; this figure could increase to 10.5 trillion a year by 2025.
Therefore, software developers and customer companies will be forced to abandon standard protection tools, including firewalls and antivirus programs, to implement innovative protection methods. Experts recommend adding a cybersecurity mesh during the development of digital products.
Artificial intelligence
AI is one of the leading technological trends, although we are still at the beginning of its development today. As artificial intelligence develops, it will all be more active for the further implementation of technological tools, including training machines to determine the patterns and perform actions according to what it has defined.
By 2024, the speech created by AI will provide more than 50% of the interaction between a person and a machine. So far, companies are looking for a profitable interaction with AI-backed techniques. Although any organization can feel the benefits of AI, according to McKinsey & Company, only 25% of respondents reported a significant final result.
The expansion of the Internet of things
According to experts, the Internet of things (IoT) will have a 10.53% compound annual growth rate (CAGR) over the next five years, forming the advanced platforms of «things» that may launch programs, change the methods of tracking and collecting information, as well as the interaction of customers with IoT (omnichannel systems expectations), as well as the impact on dealing with reserves and delivery.
Settings over the Internet of behavior
Future solutions in software creation will be adapted for configuration, especially in the Internet of behavior (IoB). In addition to collecting information about users from the Internet, IoB allows you to determine how people interact with recently created programs.
Although it will take a specific time for IOB to become common, according to Gartner forecasts, 40% of global customer information can be identified and stored by the end of this year. Software developing companies can be inspired by how YouTube offers personal recommendations by analyzing the user’s requests.
Blockchain
Blockchain, the use of decentralized computer systems for digital operations, significantly impacts the software development sphere. According to Emergen Research, this technology will reach $ 5798 million by 2027 in healthcare.
Although blockchain is a promising technology, it has some disadvantages that limit the massive introduction of a decentralized platform. Over the next ten years, the technique will be used in many areas that are based on contracts, including cash transactions, oil purchases, copyright registration, etc.
Serverless microservices
The transformation from monolithic software stacks to serverless microservices is a solution that allows developers to select an optimal isolate and share development process. After such a division of the code, individual specialists can focus on solving specific problems with minimal impact on the overall result. Many large corporations are already implementing this approach; the rest of the firms have to go this way.
Cross-platform products
Now there is a rapid development of cross-platform. Due to the difficulties associated with the creation of digital products only for iOS or only for Android, developer companies increasingly prefer cross-platform development. Thanks to innovative technologies, multi-platform solutions can support different systems with a single code base, saving experts a lot of time and resources.
Automation of repeated tasks
The trend suggests that repeated software development tasks will be automated very soon by implementing AI-ruled tools, cloud technologies, robotics, and other digital solutions. Today, large companies are striving to add robotic process automation (RPA) methods to ensure high efficiency.
RPA systems allow machines to solve Redundant and Rotary Issues to minimize human labor. The main benefit of Adopting RPA in software development is that this technology lets specialists focus on the process’s creative component.
Frequent testing in the early stages
The primary feature of DevOps transformation will be early security testing during different development conveyor procedures. To date, security verification is a bottleneck for delivery, and correcting errors in ready-made code is too expensive. The main task of DevOps today is to provide developers with data safety data in real time to cut their expenses.
Big data processing
Big data is an industry that works with a voluminous or complex set of structured and unstructured information and the use of the latest technologies. Modern computer engineers seek to improve interaction with unstructured insights and find a way to properly process them, ignoring information not mandatory for searching for «correct» data. It is a difficult task that requires an understanding of the structure of the database, analytics capabilities, Edge IT, and artificial intelligence.
Professionals developing software for several years have seen the ups and downs of different programming languages and tools. Creating a digital product is a dynamic industry, and the need to complete the work constantly changes. Therefore, it is vital to keep track of current trends and forecasts that can help in this process so that you always stay afloat.
Charles Cross is a financial who analyzes the financial market incredibly well. He works for the company ICOholder global analytics platform with the largest crypto database. Charles is more than sure that the best work is done quickly and accurately.
