Author: Hania Saleem, Oct 16, 2023
Without a doubt, 2023 has been a drastic year for several large-scale businesses. The importance of moving the working framework towards digitalization was significantly recognized.
According to the research, the year 2023 has an accumulated estimate of global spending on IT services to reach 1.42 trillion US dollars. This includes all the IT sectors that gauged the benefit of emerging technological demands of the modern target market.
As the year 2023 is about to end, the birth of many new technologies and sensational trends have taken a toll on how tech-savvy the next year will look like.
Where will software development trends take in 2024? Is it likely that we will get to see the birth of many new technologies as the year goes along? — Let’s figure it out.
In this blog, we will explore the top IT software development trends that will be adapted all across along with the new opportunities businesses will acquire for better results and smooth processes.
Let us get started!
1. Blockchain Multi-facet Integration
Blockchain, previously limited to cryptocurrencies, now extends its use beyond just that. In the coming years, it is projected to have its prowess utilized in diverse software industry trends. The technology is anticipated to spread its roots further with supply chain management in sectors such as logistics, agriculture, and many other industries. Offering enhanced traceability, security, and real-time responses, the technology will revolutionize the goods delivery landscape for businesses. Additionally, smart contracts, which are one of the superpowers of blockchain-based technology are predicted to expand. This technology will evolve beyond financial transactions and have its process streamlined with no need for third-party interventions. The DeFI and NTFs are expected to offer upgraded financial instruments and extend their usage wider toward virtual real state or digital identity. Similarly, Quantum-resistant blockchains are expected to provide a much better safeguard against emerging threats. Looking ahead to 2024 the foundational technology of blockchain is expected to improvise its working methodologies with enhanced security, and innovation within several industrial sectors.
2.IT Outsourcing Gets Increased
You can always find a risk-free and cost-friendly way to hire a mobile app developer or another tech resource. This can be done in the form of outsourcing either an individual resource, an entirely dedicated team or simply outsourcing a project. With diverse industries specifically tech recognizing the significance of working smartly and reducing overhead costs, outsourcing is expected to gain unprecedented growth. According to the stats services such as cloud computing and its sub-segments like SaaS are one of the mainly considered core services of IT outsourcing. As time moves forward more and more businesses are looking to tap the global talent pool and not restrict their expertise locally. Reaping the benefits that outsourcing brings, It is expected that leading enterprises understand the approach of saving time and energy to focus on their core operations which helps them bring strategic value to their solutions.
3.Dominance Of AI And ML
We all can vouch for how AI and ML have integrated themselves into multiple facets of everyday human life. Moreover, IT businesses leverage this technology to enhance how intelligently software solutions now respond to user interactions. With the advent of personal assistants like Siri, Alexa, and Google, businesses are consistently using NLP language among their solutions for decoding even complex voice commands. This dominance of AI and ML will continue to evolve across industries for efficient user experience, enhanced cybersecurity against threats, better autonomous systems that navigate complex scenarios, and much more! Additionally, according to the facts, a market firm IDC estimated the global AI industry to reach a size of over half a trillion U.S. dollars by 2024.
4.Low Code And No Code Development
Low code and no code are development platforms that allow developers with lesser coding experience to expedite their software development processes. It works on the principle of leveraging developers with an interface that lets them design, build, and deploy apps with minimal manual coding. The low code development trend, on the other hand, eliminates the need for coding entirely with the help of drag-and-drop interfaces, templates, pre-built components, and many other features. Without a doubt, the global low-code platform market is forecast to amount to approximately 65 billion U.S. dollars by 2027. This software development trend is expected to grow while being utilized across teams to enhance their collaboration, automate workflow, and allow rapid prototyping of their wireframes.
5.5G Powered Solutions
The emerging 5G technology is significantly changing the landscape of software solutions. This remarkable technology offers a 100 times faster Real-time response to interactions compared to 4G along with high-definition seamless streaming and low to zero data transmission latency. Its ability to adapt and get integrated with mobile applications and AR/VR-powered software solutions allows it to provide immersive user experiences. Moreover, modern technologies such as the Internet of Things (IoT) and cloud gaming are expected to foresee fierce competition toward revolutionizing the development of top-notch gaming paradigms. Its advanced content delivery can significantly help businesses up their video streaming approach by leveraging 360-degree video streaming, along with the integration of AR/VR experiences.
6.Progressive Web Apps (PWAs)
Bridging the gap between mobile applications and web applications, PWAs are the new big thing. Combining the best of both web and mobile technologies, they offer an enhanced user experience. Business enterprises are now adapting to this trend leveraging its cross-platform capabilities, improved performance, and cost-effective development. Additionally. PWAs provide developers with an edge within their app working process by lowering development barriers and providing accessibility to web development expertise. PWAs allow an improvement within the search engine optimization efforts by fulfilling the user’s intent of mobile-friendliness, accessibility, and overall lower bounce rate. All of these factors help Google determine its rankings and drive potential organic traffic through improvement within the app’s online visibility.
7.Robotic Process Automation (RPA)
Without a doubt, the future is all about automating every mundane human operation. This strategy is backed up by utilizing the full potential of human intelligence within the core software operations and freeing them up with repetitive tasks. Following up on this mindset, Robotic process automation is expected to expand its growth as diverse businesses acquire enhanced productivity. The RPA bots are driven to eliminate human errors with their built-in high degree accuracy which can help organizations find precision within their development cycles. Most importantly, this technology can be integrated within software solutions leveraging seamless data transfer and upgrading a much more interconnected ecosystem of software tools. The RPA is a valuable asset contributing to agile software environments and allowing them to adapt to the highly fluctuating demands of tech-savvy users while providing a seamless software experience.
The ever-evolving sensation of the internet has pawed a long way toward its transformation in terms of accessibility. From static web pages of Web 1.0 to taking a look at user-generated content of Web 2.0, the entire digital endeavor has revolutionized the concept of how the internet is perceived. After the immersive sensation of previous technological concepts, Web3.0 promised nothing but freedom. Web 3.0 is a set of modern-day technologies such as ML, AI, crypto, NFT, and the metaverse. This concept on the internet works on the principle of providing users with much more freedom leveraging open source nature, decentralization, and seamless accessibility from third-party control. Web 3.0 is driven by the ultimate goal of establishing a trusted digital environment where its user base can actively participate in sharing personal information along with robust protection against unwarranted prying. Additionally, this technology would allow complex queries to be answered with efficiency while collectively redefining how we experience the internet.
9.The Rise In Edge Computing
Driven by the need for reduction in latency, real-time decision-making, and reduction in bandwidth consumption, this technology represents a pilgrim shift. In contrast to traditional cloud computing where the data gets processed at a centralized location, edge computing processes its data closer toward the network’s “edge”. Edge computing allows enhanced efficiency in critical decision-making that requires a data processing speed of split seconds. Its ability to process data at the edge ensures that only relevant information gets sent to the cloud while ultimately reducing cost and time. Overall, redundancy and reliability play an important role in the ability of edge computing to work independently serving help where uninterrupted operations are critical. As time grows, the adaption of edge computing can be seen in redefining AR/VR experiences, remote monitoring of critical experiences, smart cities or infrastructures, and AI-powered image applications with features such as image recognition, natural processing language, and predictive analytics.
Quantum computing is basically where the principles of quantum mechanics are utilized for performing complex calculations that solve problems efficiently. However, as quantum computers modify their working methodology, the world of cybersecurity goes through challenges. Quantum-resistance cybersecurity is a pivotal trend within the realm of cybersecurity which is based on the principles of encryption mechanics and security practices that prevents possible quantum computing attacks. Once it breaks the existing encryption methods and creates a new generation of quantum-resistant encryption algorithms. A few examples of the new generation quantum-resistant encryption algorithms include lattice-based cryptography and multiverse polynomial cryptography. The adaptation of this technology can be seen in applications, and in industries such as healthcare or finance, However, software developers when implementing these algorithms must ensure to maintain seamless integration which includes prerequisite steps such as updating the cryptographic libraries. Additionally, they will need to make sure that the data transmission and storage are adequately secured against quantum-computing attacks.
11. The Rise In Extended Reality (ER)
12.IOT And Smart Devices Continues To Grow
IOT has significantly transformed connectivity and automation all over the world with interconnected physical devices or sensors empowering the exchange of seamless data transferring. Smart devices on the other hand are diverse sensors and gadgets that overall make the IoT ecosystem. IoT and smart devices have been making a transformative impact by connecting billions of devices and automating operations worldwide. This trend is expected to grow tremendously with the advancement in sensor technology, wireless communication, and the user-centric demand for enhanced automation. With its integration in smart home devices, wearable technology, healthcare, and much more, it is highly anticipated that this software trend is expected to grow. This technology brings a huge amount of opportunities within the software development realm. A few of these opportunities include running data analytics for collecting meaningful business-centric insights, IoT-based app development, IoT-based security systems for prevention against cyber attacks, and much more.
13.Serverless Computing Transforms App Development
Serverless computing, also known as Function-as-a-Service (FaaS) , leverages developers by letting them write code without worrying about server management. A cloud computing model that is transforming how applications are built, and deployed, this trend is here to stay! Its event-driven architecture allows execution to be triggered upon requests along with auto-scaling that leverages specific resources to perform functions automatically. The enhanced scalability and event-driven nature allow developers to build applications with lesser complexities and the ability to handle high-traffic spikes. This serverless computing can be seen adapted with modern technologies such as IoT applications, chatbots, and virtual assistants. Without a doubt, the use of serverless platforms is a paradigm shift toward software development. This trend has transformed the app development process with enhanced cost-effectiveness, agility, and responsiveness.
Summing Up - Are Human Interventions Gone Forever?
As we examine further into the future realm of tech, it is evident that we are at the brink of digital evolution like none other. Without a doubt all the numerous trends, whether it's blockchain’s transformative reach or AI-powered development, technology has seamlessly integrated itself into every aspect of our lives. Nevertheless, a valid question remains at the forefront amidst this digitally transformative wave - are human interventions gone for good? The answer to this question is an absolute no.
Regardless of the digital transformation expanding at a rapidly disrupting speed, human intervention will never become obsolete. This is because every software solution gets programmed by the human mind. Moreover, an AI-powered model runs on a self-supervised which involves the human intervention of each iteration result being monitored to analyze its efficiency. It is important to realize that technology is not here to replace us by empowering us through automating repetitive tasks for the intelligent human mind to focus on the core operations. It is crucial to understand that all these technological advances do not replace the human mind but augment its capabilities. Whether Low-Code and No-Code, 5G, or Web 3.0, all of these technologies do not eliminate our freedom or capabilities but expand them further.