Custom Software Development Market Size
In India’s software market, network and database management represent the most profitable market segment at almost $565 million, or a quarter of the total market. In China’s software market, network and database management represent the leading segment, at almost $3.5 billion, accounting for more than 27% of the overall market. The custom software development services market has been segmented based on solution type, deployment type, end-user, and region. In terms of solution type, the custom software development services market can be bifurcated into web- /desktop-based solutions and mobile-based solutions.
Change is the only constant on this planet. There is no industry from education to healthcare which can resist changes. Every sector welcomes innovations that bring changes in the ongoing IT trends.
Similar is the case with software design & development trends as well. In fact, the software industry is one of those sectors of contemporary times that witnesses a constant change in its practices because of the growing software technologies.
Custom software developers are used to keeping themselves updated with the latest software and IT trends of their industry. Same is with the businesses that get the software development services from software development companies.
Now let’s come to the moot point — What will be the top software development and IT trends in 2019? Undoubtedly, 2018 was the year of discussions about the various trending software technologies from Artificial Intelligence to Blockchain.
The IT industry has seen tremendous growth in recent years. In a report by Gartner in 2018, it is predicted that the spending in the IT industry will witness the growth of 8.3% in 2019. The more findings of the research are represented below:
These figures are the outcomes of constant research and introduction of innovations by full-stack developers. The dramatic growth is motivating the developers to put in more hard work and bring some amazing trends to the software development industry.
Every year advancements and restructuring in software product development technologies are changing existing trends. The business of new software technologies like cross-platform app development, blockchain development, machine learning, etc. is getting enhanced worldwide constantly.
If you talk about blockchain technology specifically, then it alone is predicted to bring 2,312 million investment globally in 2021 according to a study by Statista. Here is a graphical representation of their findings:
The large finances invested in these trending software technologies have made them a hot topic for discussions today.
Here are the top software development trends in 2019 that need your focus. So, let’s explore them in detail:
Software Trend 1: The Mixed Reality
Mixed reality is the combination of twin technologies of virtual reality (VR) and augmented reality (AR). The market size of mixed reality worldwide in 2018, 2019 and 2025 is estimated and predicted by Statista. Here is the graphical representation of their findings:
AR has won a great amount of growth over the years and the credit for this solely goes to its integration on smartphone apps.
The popularity of smartphones is the only reason why companies are scrambling to invest in their own AR application. These companies are also hiring AR developers in large numbers. Unlike its twin technology; VR, AR apps do not need hardware with the latest specifications.
Many people assume that the scope of Virtual Reality does not extend beyond gaming and entertainment. But the efficient utilization of this technology by Walmart and the US army do not hold this belief true.
The people who lost their trust in VR app developers have started finding the amazing uses of this technology. Microsoft’s HoloLens’s mixed reality tech is used by the US army for military training purposes. Apart from them, Walmart is also planning to use VR in 2019 for the purposes of employee training in customer compliance and service.
Software Trend 2: Artificial Intelligence
With the onset of Artificial Intelligence, the machines are programmed to conduct the tasks that were restricted to the human mind. The artificial intelligence-based software can think intelligently like humans.
The subsets of artificial intelligence like machine learning and deep learning are gaining constant popularity among businesses. More and more companies are taking machine learning and solutions services as a necessity.
Artificial intelligence improvises business tasks and makes them simple. It has provided the web app developers a brilliant support to experiment. This has made AI to reach healthcare, banking, education, mathematics, etc.
Software Trend 3: IoT
Internet of things covers the broad categories of devices that are connected to the internet. These applications have spread to both the customer and industrial domains. In the area of safety and customer experience, IoT is witnessing exponential demands.
Every second over 127 new devices will be connected to the internet, according to David Evan’s calculations (former researcher of CISCO). This gives an idea about the constantly increasing reach of IoT.
Over 90% automobiles by 2020 will be IoT enabled as per PWC estimates. Moreover, according to the data found by Statista, there were around 23.14 billion devices in 2018 and the number will reach to 26.66 billion by 2019.
Software Trend 4: Progressive web applications
The hybrid of mobile and web applications are known as progressive web applications. They are completely different from regular mobile applications. Their script called service worker is an integral part upon which they majorly work.
They are easy to develop and maintain which has attracted many mobile app development companies to primarily focus on them in the past few years. These applications can be loaded very fast even with low internet speed.
Software Trend 5: Blockchain
Blockchain technology is undoubtedly one of the most talked about technologies in the software world. The digital currencies like bitcoin and Ethereum would have not come into existence with the introduction of this technology.
Although it is extensively used in the finance sector, it is finding increasing applications in media and publishing, banking and finance, and healthcare software development services.
We have already seen the growing graph and predictions of this highlighted technology in the contemporary world. The secured and simplified recording of transactions in a decentralized ledger with the help of blockchain technology services make it strategically important for businesses in all industrial domains.
This is the reason why a large number of blockchain developers are required these days as more companies are extending their arms to blockchain development services.
Software Trend 6: Language Trends
With the introduction of software technologies, languages and frameworks are also introduced simultaneously to program them. Today, JavaScript and its various frameworks are widely used by Full Stack Developers. It has excellent adaptivity for hybrid applications also.
In order to avoid repercussions at the end of a software development project, a business should select the most optimum language for programming them at an initial stage. You can judge the popularity and benefits of various languages through statistical data.
Stack overflow survey that takes the input data by developers to find the popularity of programming languages and frameworks is a good source for this purpose. In their latest survey, Node.js was found to be the most popular framework followed by Angular and React. These are the frameworks of JavaScript that clearly depicts its preference.
Another survey by the Stack overflow survey found the popularity of programming languages. Here also JavaScript topped the list giving one more piece of evidence of its amazing popularity.
You can easily make out which languages are gaining a vast market and use them according to your needs. Businesses can utilize this information to plan their annual custom software development projects.
Software Trend 7: Low Code development
Low code development can be related to an approach of building lego blocks by web and software development companies. It serves as a savior as it eliminates the requirement of complex codes.
This do not require expertise and help clients to grasp their software project conveniently. This, in turn, allows them to customize their software in their own way, on their own.
It acts as a crucial tool for companies that are planning for digital transformations. But this does not mean that its an ideal coding practice. In cases where businesses require structured and complex solutions. This approach would simply not work.
Software Trend 8: Code Quality
With the constant evolution of technology, the quality of codes trends become the area of primary focus. One has to keep a strict eye on programming techniques as an essential task in the year 2019.
As discussed in this blog, low code development is an important trend in the contemporary software development industry. This has allowed information technology companies to hire non-technical employees for programming the software.
The type of task for software development should be the foundation to decide the code quality and structure in order to deliver the optimum outcomes. Every software development company must have a strong strategy for development to ensure the best coding is done for their softwares.
Software Trend 9: Cybersecurity
Can you imagine your life without security at your home or road or workplace? Probably no because security is an essential parameter of human life. This issue spreads to the business world as well. The software loss and threats are becoming the primary concern to check by custom software developers.
In a report published by Wipro in 2018, the stolen or lost data was determined industry wise in 2017. Here is the image showing their findings:
Software Trend 10: Outsourcing Software Development
The outsourcing market is growing tremendously every year worldwide. In a survey by Statista, the market size of outsourcing services was determined in U.S billion dollars for the whole world. Here are their findings:
This graph is a clear piece of evidence to the growing market of outsourcing globally. IT industry also has a large number of outsourcing services as companies resist the hiring of in-house developers to save cost and resources.
The software development requirements are increasing in all industrial domains. Businesses are looking for full-stack developers in almost every field like financial software development, healthcare software development, e-learning software development.
Final words:
These evolving software technologies provide a clear idea about the ongoing development that takes place in the information technology industry. Full stack developers are working at a fast pace all around the globe to enhance the comfort level of humans.
It is essentially vital for companies to match the pace of these trending software technologies to outshine their competitors. Software consulting companies can provide greater insight into these technologies and help businesses to become a software leader.
Global Custom Software Development Services Market: Overview
Custom software development has become a crucial source of gaining competitive advantage for organizations of all sizes. Custom software development services provide unique processes to the business, satisfies exclusive needs of business, helps in solving various business specific problems, and also makes workflow faster, easier, and more efficient. However, such services further helps in increasing flexibility, minimizing information security risks, and tailoring support and maintenance. Many organizations are developing various custom software for generating more revenues. Such custom applications helps the businesses as well as customers in solving unique challenges. However, with the rising expense of SaaS software, it has become difficult for many organizations to develop and support a purpose-built custom software application. Thus, outsourcing custom software, which is mainly built by a skilled team of software developers and business analysts help in reducing organizational cost to a great extent.
Furthermore, custom software developers provides a wide array of web applications, mobile applications, desktop applications, and big-data applications. Such web applications work accurately across all browsers and helps enterprise through providing various industry specific solutions. Whereas, big data applications helps in high-volume data processing. Rising demand for chatbots to maintain custom communication in an organization is fueling growth in the global custom software development services market. Apart from this, growing need for PAAS solutions to integrate latest technology such as AI into business field and rapid introduction of Google Go for attracting programmers in building new programing languages are also driving the global custom software development services market. Along with providing industry specific solutions, custom software development also enables cross enterprise integration. Debian install net-snmp. Such USPs are also fueling the growth in the global custom software development services market.
Custom Software Development Services Market - Overview
Custom software development services is a kind of extensive services offered by vendors. These services largely include software development from scratch, integration with currently running projects, shift from a legacy system toward a new platform, providing of maintenance services, designing of IT infrastructure, and running of different tests to ensure product quality. Furthermore, custom software development service vendors ensure complete software development lifecycle analysis as well as deployment, maintenance, and support services. Service vendors operating in the market provide software development and quality assurance services that help enterprises in resolving crucial issues related to product quality.
A wide range of vendors operate in the market providing custom software solutions spanning a wide area ranging from SAAS development, software product development, cloud-based solutions, enterprise software development, and custom ERP development to business software consulting.
Custom Software Development Services Market - Drivers and Restraints
Custom software development services witnessed high demand, largely due to the rising need for more business-specific software. Earlier, software solutions that were developed used to serve a wide range of purposes of an organization. However, a majority of these software used to prove inadequate when the organization had to expand. This led to emergence of custom software development services. Custom software development service providers build and design solutions to cater to specific needs of businesses.
Custom software development is becoming popular among enterprises that are largely looking for scaling up of their business operations. Custom software development offers several benefits to enterprises. One of the key benefits is reduction in long-term costs. However, initial development and implementation of custom software is costlier than that of basic software solutions. However, in the long run, these basic software solutions do not fit to the increasing requirement of businesses and hence, the organization may have to start the process of software procurement and implementation all over again. In case of custom software development, the scenario is quite different. Since the software is custom-made, enterprises do not require any further investment in the software, in the long run. This, in turn, leads to total cost reduction.
The custom software development services market is driven by growing requirement for customized software among enterprises. Moreover, enterprises are always looking for reducing long-term costs. Since custom software development leads to long-term cost-effectiveness, demand for custom software development services is rising.
Key trends in the custom software development services market include emergence of chatbots, increase in the demand for PaaS solutions, and the rise of open-source solutions,. Currently, the software development technology that is gaining momentum is chatbots. In recent times, chatbots have emerged as an effective tool for maintaining ease of doing business. The customer software development services market is expected to witness the trend of increase in chatbot development in the next few years.
Custom Software Development Services Market - Segmentation
The custom software development services market has been segmented based on solution type, deployment type, end-user, and region. In terms of solution type, the custom software development services market can be bifurcated into web- /desktop-based solutions and mobile-based solutions. Based on deployment, the custom software development services market can be divided into cloud-based services and on-premise services. In terms of end-user, the custom software development services market can be segmented into small & medium enterprises (SMEs) and large enterprises. Based on region, the custom software development services market can be categorized into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Custom Software Development Services Market - Key Players
Key players operating in the global custom software development services market are Fingent Corporation, Elinext Group, Flatworld Solutions Pvt. Ltd., Kanda Software, DEVTECHNOSYS, NIX Solutions Ltd., SPEC INDIA, TatvaSoft, Trigent Software, Inc., and Oxagile.
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