2024 will see a marked change in the business environment as a result of unprecedentedly high inflation. The challenge of managing more constrained budgets and achieving higher returns on investment with fewer resources at their disposal is putting leaders to the test.
The favorable tidings? Businesses are still determined to invest in digital transformation projects in spite of the economic downturn. According to projections, 70% of small and midsize businesses in 2024 will allocate more money for technology than they did the previous year.
According to recent surveys, 70% of businesses intend to increase their software spending in 2024 as they realize that, in an ever-changing technological landscape, digital transformation is imperative.
In order to streamline operations and maintain their competitiveness, CIOs and CTOs are investing in the newest software technologies and adjusting to emerging trends.
The software industry is expected to have a market value of more than $1 billion by 2025, and it is currently undergoing rapid change.
This indicates that there won’t be a slowdown in the demand for emerging technologies in software development anytime soon.
Thus, this article should be able to assist you in keeping up with the most recent developments in software development for the year 2024.
New Opportunities in Software Development for 2024
Over the years, software trends have changed, but this year a few significant shifts stand out.
Progressive web apps are still a common substitute for native app development, but low-code platforms are quickly taking over the industry as a must because of how quickly they can reduce development time.
However, the most recent developments in software development, like blockchain development, IoT, augmented reality, and artificial intelligence, are at an all-time high.
However, what does this imply for future trends in software engineering? Furthermore, what role can software development companies play in influencing these software technology trends going forward?
It’s helpful to investigate current software development trends and compare them with last year’s predictions in order to gain a better understanding of what lies ahead.
In this manner, we are able to observe the extent to which the trends in the software industry have progressed, the growing advantages that businesses can derive from custom software development, and potential future developments.
Let’s now examine each trend in software development. Let’s get started!
The technology sector is heavily investing in progressive web applications
Since their launch in 2015, Progressive Web Apps have had a lengthy journey.
With a 170% increase in PWA users and a 38% increase in service worker users, this technology is finally seeing the kind of acceptance and adoption it deserves.
PWAs offer website owners a great chance to lower development costs and enhance user experience by offering app-like experiences, especially as mobile usage continues to soar.
Here’s an illustration of the applicability and widespread use of PWAs:
- In order to connect with its user base more efficiently, Pinterest needed a makeover. Following a thorough examination, they determined which sections of the website were performing poorly and that an update was required to increase their customer base.
- Following three months of intensive work, the website was completely redesigned using React and transformed into a Progressive Web App (PWA). This resulted in significant changes, including a whopping 40% increase in users’ time spent on the platform and a sharp 44% increase in ad revenue.
Investing in PWA might be the ideal solution for your company if you’re trying to find ways to maximize mobile experience and cost-effectiveness!
- Application of Blockchain Is Wide Outside the Financial Sector
Companies from a variety of sectors are deciding to adopt blockchain technology as a means of realizing its potential and upending established norms.
This cutting-edge technology organizes data into distributed, decentralized systems that are nearly impossible to hack or modify, providing unmatched security for tasks like transactions.
The initial industries to adopt this technology were distribution, manufacturing, healthcare, and finance. By 2024, we can expect the blockchain market to be valued at an estimated $20 billion!
The Year of 5G Technology will be 2024.
Experts estimate that by 2025, over 1.4 billion devices globally—nearly 15% of all devices—will be connected to the rapidly expanding 5G network, ushering in a new era of technology.
I’m curious why.
Compared to 4G, which it replaced, 5G technology is light years ahead. Not only is it an upgrade, but it’s a completely new network architecture that could revolutionize the way we engage and communicate with the digital world.
This development will speed up the development of cutting-edge software development technologies like artificial intelligence (AI), augmented reality, and the Internet of Things, in addition to improving user experiences.
This makes it simple to demonstrate that 5G has a promising future and that the time to get ahead in the competition is now.
So, why do you hesitate? Get your current apps ready for the blazing-fast 5G speeds, or create new ones that are made especially to benefit from this new software development technology!
Internet of Things is Getting More Popular
The broad uptake and expansion of smart devices and Internet of Things solutions will drive an exciting future.
We can now connect our physical and digital worlds together with IoT devices, which give us unprecedented visibility into our daily lives. These devices range from industrial monitoring systems to connected homes.
It recovered quickly from a brief disruption at the start of 2020 brought on by a decline in technology investments in some sectors, and IDC now projects that it will reach over US $437 billion in Asia Pacific alone by 2025.
IoT solutions are becoming more and more useful thanks to innovative developments in AI, ML, and other technologies, such as automation through edge computing and predictive capabilities made possible by machine learning algorithms.
IoT trends to look out for in 2024:
- Businesses are finding quick and effective ways to analyze a lot of data thanks to IoT machine learning, which removes the need for laborious and time-consuming manual processing.
- Digital twins serve as an interactive, simulated representation of their real-life counterparts, bridging the gap between the physical and digital worlds.
- Businesses can use the platform that Enterprise Metaverse offers to seize innovative opportunities and smoothly integrate their services to engage with the real world more freely.
- The proliferation of IoT devices has led to a sharp rise in cybercrime activity. Businesses utilize cutting-edge techniques, including blockchain technology, and other sophisticated security measures to protect device data from malicious attacks in order to counter this threat.
- City governments are leveraging the potential of IoT solutions to optimize city infrastructure with state-of-the-art technology, thereby improving security and alleviating traffic congestion.
- Using automation in production processes has spread throughout the industry and is predicted to continue to be popular through 2024 and beyond.
- IoT devices in the healthcare industry are transforming the way diseases are identified and treated by enabling early detection, which improves the prognosis for those affected.
Low Code Development is Anticipated to Continue as a Trend
The process of creating software applications can take a while. However, what if there was a simpler method that required less coding to create apps? Development of low-code applications is the ideal solution!
According to Gartner’s research, low-code development is going to become increasingly popular among businesses of all sizes. According to its projection, the adoption rate will rise to more than 50% in ten years.
This raises the issue of how to begin developing low-code applications. And what are some of the most effective use cases that a low-code platform can accomplish?
Let’s first clarify what low-code development is before we get started. A software engineering technique called low code software development helps programmers to swiftly and affordably realize their ideas.
Low code platforms function similarly to specifically created Integrated Development Environments (IDEs). You might be wondering now what is meant by “purpose-built.”It simply indicates that the platforms are made with distinct tools to meet various demands and difficulties.
Let’s now examine more closely at a few of the most well-known and typical low-code use cases to gain a practical understanding.
utilizing an already-existing SaaS infrastructure and adding strong add-on features to suit your company’s specific requirements.
switching to a contemporary relational database hosted on the web from conventional spreadsheets.
updating outdated software to make it easier to maintain and increase its useful life.
Creating sophisticated applications from scratch more quickly and easily.
building a full-stack web application that combines a number of functions, like data visualization and business intelligence, into a compelling user interface.
6. Python Set to Dominate Tech Industry
Over time, there will be a significant increase in demand for experienced Python app developers as machine learning and data science become more and more popular across industries.
Businesses frequently require assistance selecting the best programming language for their app or web development project, as there are over 700 to choose from.
With good reason, Python is regarded as the most powerful programming language toolkit. It stands out as a dynamic language that can handle a wide range of tasks, which makes it the best option for handling challenging assignments.
Its amazing versatility enables developers and businesses to tackle any task with impressive efficiency, from website design to mobile app development and even machine learning models. It makes sense why tech and software development firms vouch for its efficacy in meeting their coding requirements.
The top 5 Python trends for 2024 are as follows:
- Applications of Artificial Intelligence and Machine Learning
- Utilizing Python for Game Development
- Internet of Things and Python for It
- Automation and Robotization in the Development of Web and Mobile Applications
Computational Intelligence Taking on the Role of a Daily Helper
Science fiction fans with space travel dreams no longer think about artificial intelligence.
It is now widely used by software companies worldwide to create predictive analytics and enable data-driven business decisions.
Businesses of all sizes, from large tech companies to tiny digital marketplaces, can gain from incorporating AI into their applications.
AI is expected to grow at an exponential rate in the upcoming years, surpassing half a trillion dollars by 2024, according to IDC forecasts. The report projects that the augmentation of artificial intelligence (AI) will yield an astounding $2.9 trillion.
View these trends in AI development, which provide a variety of creative ways to enhance your software products.
- Automated Machine Learning: Applications in Retail, Finance, and Healthcare AutoML will greatly shorten the time it takes for models to train while also helping to simplify complex data sets.
- Generative AI – Companies will soon be able to generate new data for any purpose by using data from all sources, including images, videos, and sounds, to create completely original content.
- Natural Language Processing (NLP) – By enabling natural language comprehension, NLP technologies will transform human-computer interaction and close the gap between humans and machines.
- Ethical AI – By strengthening cybersecurity protocols, ethical AI will contribute to closing the trust gap between people and technology and fostering ongoing user confidence in automated systems.
- Software as a Service (SaaS) – Cloud-based platforms, such as Google’s TensorFlow, Amazon SageMaker, and Microsoft AzureML, will be utilized by businesses to profit from an array of AI services.
With access to cutting-edge Artificial Intelligence (AI) solutions easier than before, this is the ideal time to obtain a competitive advantage. Embrace these AI trends and produce something wholly original if you have an unmet need in your company’s operations or product offerings.
8. React Native Continues to Thrive
The industry’s most potent and widely used tool for hybrid development is React Native.
Its unmatched capacity to produce excellent, cross-platform apps from a single codebase has transformed the industry and made the app development process easier for a great number of companies and developers.
React Native, the preferred option for hybrid development, has shown to be an invaluable resource for companies looking to expand into the rapidly growing global market, and its impact is only growing.
Augmented Reality to Reimagine the E-Commerce Landscape
In e-commerce, augmented reality has quickly become a game-changer, drastically altering the way that companies and customers engage.
By enabling customers to see products in their surroundings, augmented reality technology brings life to the virtual shopping experience, increasing customer engagement, boosting confidence, and ultimately increasing sales.
As the digital revolution progresses, companies are taking advantage of augmented reality’s alluring attributes, like:
Digital Demo Rooms: Test instruments
- three-dimensional modeling
Furthermore, the quick development of AR technology has reduced barriers to entry and increased accessibility, allowing small and medium-sized enterprises to benefit from the power of immersive experiences.
The Growth of GreenOps and FinOps
The FinOps and GreenOps movements have recently emerged in the quickly changing cloud computing landscape, solidifying their place as the newest software development trends.
Streamlining operations, financial procedures, and environmental sustainability initiatives are becoming increasingly important to businesses, so it’s hardly surprising that this creative pairing has quickly gained popularity in the business world.
While GreenOps emphasizes putting eco-friendly practices into practice for long-term value creation, FinOps focuses on increasing efficiency across a variety of financial processes.
Organizations can improve their bottom line, brand reputation, regulatory compliance, and sustainable future contribution by combining these two essential components.
A Greater Dependency on Distributed Computing by Enterprise Developers
Distributed computing is another cutting-edge software development trend that will become more popular in 2024.
A technique known as distributed computing involves networking several computer servers together. This controls processing power and makes data sharing most convenient.
As everyone knows, data is the new oil. It therefore presents many challenges to the application workload. Distributed computing has the potential to smooth out scaling. But, you only have to include a second server in the group if you need to store more data.
This story continues with distributed cloud computing. Businesses can eventually increase their bottom line by streamlining their operations with the help of cloud computing. The majority of cloud service providers will make distributed cloud computing available by 2024, according to a Gartner report.
In the distributed computing approach, a problem is split up into multiple jobs, each of which is completed by one or more computers using message passing to transfer messages.
Benefits of Dispersed Computing
A distributed computer system operates more quickly than a traditional system because it pools the processing power of multiple computers.
Compared to centralized computer network clusters, it minimizes costs and provides improved performance.
One server’s system failure won’t impact other servers.
Web 3.0 Will Keep Getting Better
What do you think the Internet’s future holds? The newest innovations in software development hold the key to the solution. Web 3.0, or Web 3, is what it is.
Similar to Web 1.0 and Web 2.0, Web 3.0 will emerge as a result of the popular software development technologies of today. In actuality, it is composed of the following three fundamental IT architecture tiers:
- Interaction: Our communication with the hardware, software, and content.
- Computation: The reasoning that makes this exchange possible.
- Information: The data and organization needed to complete computing tasks precisely, effectively, and securely.
These Web 3.0 apps stand out due to their intricacy and interactivity. They surpass the simple, static pages that were typical of earlier iterations of the web.
Desktop browsers and high-end mobile devices, like smartphones with OLED screens, can access Web 3.0 applications. All-device compatible Web 3.0 applications, however, should be abundant in the upcoming year.
Benefits of Web 3.0:
- The capability of Web 3.0 to enable data access from any location is among its main benefits.
- End users will once again have complete ownership and control over their data in addition to the encryption’s security.
- It will enable users to build a blockchain without permission. Therefore, anyone can connect to and use the blockchain network.
A Novel Phenomenon in the World of Cryptocurrencies NFTs, or Non-Fungible Tokens, are a relatively new phenomenon in the cryptocurrency space that are expected to be a major software development trend in 2024. NFTs, as it were, are components of digital content that are linked to cryptocurrencies such as Ethereum and Bitcoin through the blockchain.
Since NFTs are distinct from one another and cannot be substituted, no two NFTs are alike. Because of this, using blockchain technology for payments has grown in importance in recent years. It is, in a sense, the most widely used payment option in software development outsourcing. On the other hand, it facilitates safe, prompt, dependable, and transparent payment transactions between businesses and suppliers.
The NFT market has become incredibly well-liked in the industry in recent years. The token of artist Beeple’s work was recently sold for $69.3 million in 2021. In actuality, about 40,000 tokens valued at $100 million are sold every day.
While it is true that NFTs are not regarded as a trend in software development, it is undeniably one of the newer digital trends. In fact, a lot of users suggest that NFTs could be a new source of income for small businesses, comparing them to digital art that they own and then sell for a higher price.
The question now is, will this trend end soon? Probably not. And the explanation for this is the proliferation of NFT movement members, influencers, and big businesses.
perks of using NFT tokens
NFTs have the power to establish ownership for a specific user because they cannot be shared among owners.
Because NFTs are based on smart contracts, transferring ownership of them becomes very simple.
The main factor affecting NFT tokens is their uniqueness. They are connected to specific data because they are created on the blockchain.
Technologies Native to the Cloud Keep Changing
Hold on! Remain still.
Has anyone informed you about “Cloud Native”? You have probably heard it defined or meant in a variety of ways.
Now, let’s explain this to you in plain English:
- You can create, build, and manage workloads that are cloud-developed and take full advantage of the cloud computing model with cloud-native technologies and architecture.
- You can create and run scalable applications in contemporary, dynamic work environments such as private, public, and hybrid clouds by implementing cloud-native technologies. Declarative APIs, containers, service meshes, immutable infrastructure, and microservices are all part of this methodology.
- A cloud-native architecture emphasizes speed and agility. As a result, a lot of companies change from being platforms for business opportunities to being tools for strategic transformation that accelerate the growth and velocity of their enterprises. It is essential to quickly introduce innovative ideas to the market.
Benefits of Technologies Native to the Cloud:
- Software developers can easily use CI/CD to test applications and release new code to production by utilizing the best practices of cloud-native stacks such as DevOps and GitOps.
- By utilizing the inherent scalability, organizations can adapt to any demand profile without the need for extra infrastructure design or provisioning.
- With cloud-native, you are not constrained to outdated options and can select from a wide range of tools.
The Internet of Behavior (IoB) will grow into a Magnificent Power
The main element necessary for any business to succeed is personalization. It’s a successful tactic. Thus, the more successful your service is, the more users will eventually modify their strategy.
At this point, IoB becomes relevant. The Internet of Technologies, or IoT, is a necessary component of any discussion about the Internet of Behavior (IoB). IoB integrates a variety of critical data sources from BI, Big Data, and CDPs, including user behaviors, interests, and preferences. This data is gathered from wearable technology, personal internet usage, and electrical appliances in the home. It provides valuable insights into the habits and preferences of the users.
As a result, using IoB and IoT together, it is now very simple to track, combine, and analyze massive amounts of data generated by a variety of online activities and personal behavior, such as social media habits and business transactions.
Similar to the Internet of Things, IoB has not yet gained widespread traction, but 40% of people worldwide will have their activities tracked by the end of 2024, according to Gartner. The data gathered is necessary to give customers a personalized online experience.
Businesses and startups can take note of this trend that YouTube has adopted, offering viewers a more personalized feed. Big social media platforms like Facebook and others are in a similar situation.
Benefits of IoB:
IoB can help companies overcome obstacles that stand in the way of increasing sales and satisfying customers.
Customer surveys, which are time-consuming for both businesses and consumers, may potentially be replaced by IoB.
You can monitor the actions and buying patterns of your prospects on multiple platforms with IoB.
The Expanding Use and Acceptance of Microservice Architecture
One more of the emerging technologies in software development is “microservices.” A distinct method of developing software called microservices, also known as microservice architecture, concentrates on building single-function modules with clearly defined operations and interfaces.
The trend has gained momentum in recent years as organizations strive to integrate continuous testing and DevOps methodology to become more agile.
Microservice architecture is compact, independent, and loosely coupled. It makes it possible for a small development team to quickly write and maintain services. Nonetheless, because every service layer is distinct from the codebase and autonomous, management is made simple. As a result, developers don’t need to rebuild and relaunch the entire application in order to update and manage the current service.
The benefits of microservices
As long as upstream microservices are designed to handle failures well, the application as a whole won’t be impacted if one microservice fails.
Schema updates can be implemented because only one microservice layer is impacted.
Because microservice architecture does not share codebases or data stores, it reduces dependencies and facilitates the addition of new features.
17. Adoption of Infrastructure as Code (IaC)
One sort of procedure that makes use of machine-readable definition files for computer data center management and provisioning is called Infrastructure as Code, or IaC. It does not, however, make use of interactive configuration tools or tangible hardware.
In summary, IaC uses a variety of configuration files to help you automate and manage your IT infrastructure. Devoted developers can use it to automatically manage, analyze, and provision resources. Even so, it is occasionally referred to as programmable or software-driven infrastructure.
The main DevOps strategy that complements CD (Continuous Delivery) is Infrastructure as a Service (IaC).
Benefits of IaC:
Compared to manual operations, it provides automated provisioning and management that is quicker and more effective.
Because infrastructure is code, it can go through the same stages of a continuous integration and delivery (CI/CD) pipeline as application code, including version control and automated testing.
Developers can implement code to provision and deploy servers and applications in accordance with the business approach. With a DevOps approach, they don’t have to rely on system administrators for this.
Leveraging DevSecOps for Major Cybersecurity Operations + Security + Development = DevSecOps
A platform design, culture, and automation approach called DevSecOps incorporates security as a shared responsibility throughout the IT lifecycle. Integrated security is more important than security that encloses data and apps.
DevSecOps enables the early detection of possible security threats. Early vulnerability patching is done once the security risk has been identified.
DevSecOps, which takes security into account with each commit and pull request, can be an important step in guaranteeing high security standards. That way, businesses integrating security across the whole lifecycle of their products and applications can detect and get rid of threats fast.
The benefits of DevSecOps
The main advantage of implementing DevSecOps is that it dismantles organizational silos among various teams.
It enables you to find code vulnerabilities early on.
By incorporating security and compliance checks into the DevOps pipeline, DevSecOps experts elevate compliance to the highest priority.
Kubernetes’s Future Looks Bright
Let’s take a quick look at Kubernetes, an open-source container orchestration platform that automates various tasks like scaling, deploying, and managing containerized applications. It is also referred to as K8 or Kube.
A system for orchestrating containers called Kubernetes can be used to contract out data centers to public cloud service providers. It is also utilized for hosting sizable webpages. Software development processes can be accelerated and web server provisioning costs reduced by using Kubernetes solutions to deploy complex custom code websites and mobile applications on commodity hardware.
Kubernetes uses web traffic levels to automate web server provisioning during the development phase. It has helped automate a lot of the deployment process’s steps, freeing up developers to focus on creating new features rather than setting up servers.
Benefits of Kubernetes include:
- Workloads that are distributed across multiple clouds and run on a single cloud can be managed by Kubernetes.
- Kubernetes is a tried-and-true method that simplifies cloud computing.
- You can use any container runtime with Kubernetes.
The Demand for Outsourcing Will Tip Over
Outsourcing software development has gained popularity and become a standard approach that every company chooses over hiring an internal team. According to the Deloitte report, 70% of participants cited cost reduction as their top outsourcing concern.
Development, MVP development, testing, deployment, and support are just a few of the services that outsourcing development companies can provide. They also offer a sizable pool of technocrats with a variety of specializations and skill sets.
On the other hand, software development outsourcing is the best option for startups as it gives them access to a vast pool of resources without having to worry about paying employees or maintaining IT infrastructure. This method is used by industry leaders like Skype and WhatsApp for project development outsourced to independent software development firms.
Benefits of Contracting Out:
- You can minimize workload and save money on software development by outsourcing to development companies.
- Long-term cost and time savings will result from it when it comes to hiring, training, and staff retention.
- You can use creative thinking and technical know-how to develop software solutions by outsourcing to the top software consulting firm.
New Languages for Programming
Major tech companies like Google, Apple, and Microsoft have made significant investments in the last few years to create programming languages that execute quickly, produce high-quality experiences, and work flawlessly across all platforms.
These include Google’s Go, Apple’s Swift, Microsoft’s Rust, and TypeScript; they all provide a novel take on traditional, all-purpose languages like C or Python.
Since programming languages are changing so quickly, a software development company needs to be flexible and open to new trends in the industry. This is because these changes have an immediate impact on market dynamics.
A Greater Adoption of Predictive Analytics
Predictive analytics is expected to become more and more important for companies all over the world as technology develops and business executives realize the enormous benefits it can bring.
Businesses can more effectively predict future patterns, consumer behavior, and market trends by utilizing large amounts of data and sophisticated algorithms. To accelerate their growth in the digital landscape, we would advise any forward-thinking business to keep up with these new software trends.
The Global Digital Immune System Is Getting Stronger
Adopting the idea of a digital immune system provides a cutting-edge strategy to address these issues in the modern era, when security threats and cyber-attacks are becoming more frequent.
Cyber threats and vulnerabilities present serious challenges for the continuity, integrity, and security of critical information assets as businesses depend more and more on digital infrastructure.
Developers are creating adaptable and responsive solutions that proactively combat intrusions and secure the digital ecosystem, much like the biological immune system of the human body.
Through the implementation of strong, real-time defense mechanisms and an additional layer of protection to strengthen the digital foundation upon which modern enterprises are built, this approach enables organizations to prevent and mitigate potential risks from cyberattacks.
Five essential components are highlighted in a 2021 Gartner report as ways to improve organizational resilience and guarantee a smooth user experience:
- Independent examination
- The art of chaos engineering
- Remedial auto
- Constant verification