2023 Software Development Trends and Their Impact on Cost: Perspectives from Bitrix Infotech
Today, we are going to discuss the software industry trends that are beneficially dominating the industries. We will also take a closer look at the cost factors of these latest software trends and the impact they have on the development, operational, and maintenance processes in software development.
Below are some topics highlighting software development trends that can be optimized for better results.
- Low code and No code
- Automation in software development
- Use of AI and ML
- Web3 as a freedom provider
- More opportunities using 5G
- AR transforms the eCommerce industry
Let’s get them all in detail,
Low code and No code
Low-code and no-code development enable software development with minimal or no coding required. This approach utilizes a drag-and-drop interface, pre-built templates, and automated tools for app development, resulting in faster development cycles and reduced costs. Moreover, this type of software development does not necessarily depend on IT teams. If we are talking about the cost, then this type of development comes under the low-cost development of the software.
Automation in software development
Automation can accelerate project completion in software development by using tools and techniques that automate repetitive and time-consuming tasks. These tasks would otherwise take a significant amount of time if done manually. By utilizing automation, developers can speed up their development process while reducing human errors and ensuring high-quality code. However, if we consider the budget aspect, this software development trend may require more costs to be optimized.
Use of AI and ML
AI refers to artificial intelligence and ML stands for machine learning. These technologies have had a massive impact on the software industry for quite some time. AI and ML are used to increase user experience, automate tasks, and can also be used to gain insights, and make predictions based on large amounts of data.
Web3 as a freedom provider
Web3 is an updated version of the web1 and web2 that we have all been using up until now. Web3 provides a decentralized network through the implementation of blockchain technology. Web3 allows for a platform that has no interference from intermediaries with our data and privacy. We can say that if Web3 is implemented on social media platforms, it will be beneficial for creators and users to share the content they want without any threats or restrictions. In this way, we can utilize Web3 as a trend in software development. However, it is important to note that Web3 is not cost-effective. Web3 integration is expensive compared to traditional software development.
More opportunities using 5G
As we all know, the 5th generation provides network speeds at a really high level and is the latest one. Below are the benefits of 5G over the other generations:
- Low latency
- High speed
- Ubiquitous coverage
- Energy efficiency
- AR transforms the eCommerce industry
After the pandemic, eCommerce platforms have captured the market’s interest in buying things online. This has boosted the use of AR in the sense of the eCommerce industry. Let’s have a look at some convincing state of the importance of AR for the eCommerce industry:
1. According to a survey conducted by Google, a significant majority of consumers (60%) expressed a desire to visualize how a product would fit into their lives prior to purchasing it.
2. The global revenue generated by AR advertising grew to $1.41 billion in 2020, almost three times the amount generated in 2019, and is projected to reach $8.02 billion by the end of 2024, according to ARtillery Intelligence.
3. In June 2020, a survey conducted in the US showed that 35% of respondents utilized AR technology to assess customized designs for furniture and vehicles.
4. With the increasing availability of 5G networks, it is expected that more retailers will be attracted to AR technologies due to the higher network bandwidth they offer.
Below is a software development technique that can be used to create software without the need for IT team support. However, this technique is not currently a trend in the software development process.
Clone system for software development
Clone development systems allow businesses to quickly develop applications or software with minimal IT involvement, bypassing the traditional development process and IT tasks. Although this is not a currently trending software development method, it provides a convenient option for businesses and individuals seeking to develop software without any hurdles or delays.
In conclusion, the software industry is rapidly evolving, and businesses need to keep up with the latest trends to remain competitive. Low code and no code development, automation, AI and ML, Web3, 5G, and AR are some of the software development trends that can be optimized for better results. While some of these trends may require additional costs, they can ultimately lead to faster development cycles, reduced human errors, and improved user experience. Clone development systems are also a convenient option for those seeking to develop software without IT involvement. As the industry continues to evolve, businesses must adapt and embrace the latest trends to stay ahead of the game.
