The software development industry is constantly evolving, and new trends emerge every now and then. November 2022 commenced a new trend of conversational AIs with the introduction of ChatGPT.

However, Chatbots are only just another trend and there are numerous more in the software development paradigm. Some of these latest and super-interesting trends are mentioned ahead:

1.     Blockchain Is More Than Just Cryptocurrency

We know the crypto market is unstable, but that doesn’t mean the technology behind it isn’t a surefire thing!

It has become one of the hot trends in the software industry – thanks to decentralization. Decentralization removes the control from a centralized entity (such as a bank) to a distributed network, providing an exceptional level of security as well as transparency.

Here are some of the ways Blockchain is used in the software development industry:

  • Monitoring systems in supply chain industries such as automotive, logistics, agriculture, oil, and gas.
  • Accounting software systems to ensure traceability for the energy consumed.
  • Ensuring secure electronic voting with decentralized voting software systems.

2.     The Cloud Computing Takeoff

Cloud Computing has a special and a more central place within the software development industry. Thanks to Cloud Computing, developers have a scalable, cost-effective, and flexible platform to develop and deploy their software applications.

Cloud-based solutions for software development typically include app development, team management, and communication. The big advantage is that these solutions can be hosted on public, private, or hybrid clouds. So, anyone with the right credentials can access it from anywhere in the world.

This eliminates the need for maintaining servers locally, for the companies. Therefore, they can easily adopt them and still make plenty of cost savings.

3.     The Popularity Of AI and Machine Learning

These days, AI has become available to every person in the world (at least conversational AIs are). These technologies can automate tasks, improve the quality of software, or even create entirely new applications from scratch.

One such interesting trend in software development is the use of TensorFlow for AI development, which is an open-source deep learning solution developed by Google. It can help train applications by processing images, detecting various objects, and recognizing human speech. TensorFlow, specifically, is interesting because it:

  • Supports several programming languages, which include Python, C++, and Java.
  • Can run on multiple CPUs, GPUs, and even mobile operating systems.
  • Can be deployed to the cloud or run locally on a device on an internet browser.

4.     The High Demand For Outsourcing

For many businesses in different industries, it is challenging to find an IT specialist who knows what they are doing and can make customized solutions for their business, and within budget.

Therefore, high-quality software development outsourcing is highly sought after. According to Statista, the revenue in the IT Outsourcing market worldwide is projected to reach US$460.10bn in 2023. Furthermore, the revenue is expected to show an annual growth rate of 11.07% from 2023 to 2028.

Why outsourcing is so popular because it offers a wide range of practical benefits such as faster time to market, access to expertise for any skill required, flexible development, cost efficiency, and much more.

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Final Thoughts

There are several more trends in the software development industry that have different scales of execution. But the important thing is that nearly every person in the world can start working on software development with little to no coding experience.

AI solutions can make things incredibly intuitive and take care of a lot of complex stuff. A person would then have to know how to manage what’s going on. This is where they would need some experience of IT specialists; guess what, outsourcing is your friend.

There’s another solution: the Low-Code/No-Code (LCNC) process, which we will cover in future topics. Subscribe to stay updated.

The article was written in cooperation with the experts of SoftKraft – Custom Software Development Company


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