Come 2020 and the trends for the year are already here! Amidst rising IoT, AI, ML and Blockchain trends- what will the new decade bring in terms of digital transformation for your business.
Gartner’s prediction of IT spending to grow by 3.7% in 2020 is a fitting parting note as the world prepares to bid adieu to 2019. The year, just like its predecessors, was a witness to numerous software development trends growing in terms of potential, implementation and acceptance.
While many of these trends have been prospering for years, others made a debut only a couple of years back and have garnered enough positive response, especially from the beneficiaries of software development outsourcing. In 2019, we heard a lot of buzz around them and 2020 is expected to cement their standing further.
But, why the world is always eager to discover and adapt to new software trends when the existing ones already promise a lot? Well- The developers are constantly in search of fast and easy techniques for coding and developing. The end-users are forever looking for the best experiences while using software applications. And, the organizations long for ways to be competitive in their niches while cutting software and IT costs.
Each of these desires drive technology advancements through value additions to the current trends. If you have any of these desires, find out which trend in 2020 promises fulfillment.
Android Instant Apps was launched in 2016 and you can already find every other software outsourcing company willing to help you with development in this direction. In a bid to save the device resources, Instant Apps run directly from the Google Play Store, without the need to even download them. At present, more than 500 million devices globally support running these apps without installing them and the number is obviously going to increase in the coming year.
Hollar, the popular online deals site, claims a 20% increase in conversion rate because of these exciting trends. The Berlin-based app Onefootball is another beneficiary of the trend as the instant app recorded a 55% increase in new users. Apart from being small in size, Instant Apps promise better app engagement and address the issue of frequently apps uninstalling to free the device space.
AI is fast establishing its dominance across all software-reliant business functions. It was in 2018 that Gartner predicted that virtual customer assistants would replace 25% of their human counterparts in customer service operations globally. Statista envisaged the global AI-driven software market revenue to grow from $9.5 billion in 2018 to $118.6 billion by 2025. Every reputed IT outsourcing company acknowledges being approached for the use of artificial intelligence in software empowering.
Statista envisaged the global AI-driven software market revenue to grow from $9.5 billion in 2018 to $118.6 billion by 2025. Click To Tweet
Through the advanced concepts like machine learning and deep learning, AI empowers every aspect of software engineering, from selecting the software design to automatic code generation and GUI-based software testing. The technology also facilitates concepts like strategic decision-making, rapid prototyping and automatic analytics which not only cuts short development time but also keeps a check on the development budget.
Progressive Web Apps
Trivago acknowledges an increase of 97% click-out rate with the use of a progressive web app. Pinterest confirms an increase of 60% in user engagement after rebuilding their mobile site as a progressive web app. Many similar inspiring stories can be accessed at PWA Stats. A number of software development outsourcing experts agree that progressive web apps facilitate a 33% decrease in development time and maintenance efforts.
Trivago acknowledges an increase of 97% click-out rate with the use of a progressive web app. Click To Tweet
Promising the best of websites and mobile apps, progressive web apps are considered as the next big thing, capable of replacing the Android and iOS native apps. These are easy to develop, highly responsive and platform-independent as they run equally well for all browsers and devices, from desktops to laptops and tablets as well as smartphones.
The global public cloud services revenue forecast by Gartner was $214.3 billion in 2019 and $249.8 billion for 2020 and there are valid reasons to agree with it. According to another report, there are nearly 61% of companies that currently use the cloud’s platform as a service (PaaS) for developing and testing applications. Consult any popular software outsourcing company and you would know how an exponentially increasing number of enterprises are willing to spend on cloud services.
One of the possible reasons for this trend is the cloud becoming affordable for enterprises of all sizes. In addition, the reliability and safety it promises to encourage more businesses and organizations to go for it. 2020 would experience a major shift in the enterprise workload to the cloud.
Software Development Outsourcing
IT outsourcing is not a new trend but due to the kind of recognition it is garnering year after year, it needs a mention in this list. According to this report from Statista, the global outsourcing market from 2000-2018 acquired a value of $85.6 billion. Taking the figures further, another report predicts the CAGR of the global outsourcing market at 4.42% from 2019-2022.
One of the top reasons for the trend being consistently popular is the accessibility to skilled global talent, while cost control is another reason to hire an IT outsourcing company. A number of countries in Asia, like India and China, and Latin America, like Argentina and Mexico, are among the top outsourcing destinations that continue to offer all great benefits of the trend.
Rather than designing an application using monolithic architecture, designing it as a group of smaller and self-contained services is what lies at the core of microservices (or microservice architecture). The trend is fast catching up as a report predicts about 90% of the applications based on micro services by 2022. A survey mentions that 69% of the respondents acknowledged using the trend not only for developing new apps but also for re-architecting the existing ones.
So, what are the top advantages of switching to the microservice architecture? First, it accelerates the development process, thereby facilitating faster time-to-market. Improved end-user experience, easier app maintenance and cost-saving are among other benefits that it promises. The upcoming year should prove as a catalyst in increased software development outsourcing for the trend.
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While cloud computing continues to shine, the word has already discovered edge computing as the solution to address the issues the former can’s resolve. For serious applications like autonomous vehicles, there is a need to eliminate latency in data processing to ensure safety and edge computing does it perfectly by computing the data near to the user and not at a data center located ‘somewhere’ in the cloud. Other advantages of the trend include reduced costs and increased security.
The trend is on the way to become a big thing as a report predicts its growth from $2.8 billion in 2019 to $9 billion in 2024. Gartner also forecasts that about 75% of the enterprise-generated data would be created or processed outside the cloud and using edge computing.
Augmented reality (AR) and virtual reality (VR) are breaking their stereotypical spheres of gaming and entertainment. The software developers are excited to use these immersive technologies in the verticals like medical procedures, real estates, education, architecture and more. Every software outsourcing company is hiring developers specializing in AR/VR as well as mixed reality (which combines the potentials of AR and VR) based software and application development.
Statista projects the global VR and AR market revenue at $18.8 billion in 2020. Another report predicts consumer spending on AR and VR based apps to exceed $8 billion by 2021. What’s exciting is that the technologies are still in their budding stage with a lot to be exploited and the next year may contribute significantly in this direction.
Statista projects the global VR and AR market revenue at $18.8 billion in 2020. Click To Tweet
In 2018, every software development outsourcing expert paid heed to Google’s decision to give preference to mobile websites while indexing. A report suggests that nearly 50% of the websites with non-mobile friendly designs experienced a drop in their rankings. Yet another source mentions how 68% of the companies preferring mobile-first development experienced a rise in sales. Each of these statistics indicates that developing for mobile-first is one trend that would gain more force in the upcoming time.
And why not! The use of mobile devices is increasing with each passing day. The internet is full of reports citing research on how people are spending more time browsing websites on mobile devices. Mobile-first development ensures that a website that works well on mobile devices would work equally well on others too.
Originally devised for Bitcoin, blockchain is one technology ready to influence the software development approach for numerous other industries. At present, the technology’s biggest beneficiary is the finance industry only as the sector’s blockchain market share is nearly 60%. A report confirms that blockchain helps banks to cut short their infrastructural costs by 30% and financial companies to enjoy cost savings of $12 billion annually.
Allowing different parts of a service divided into different interconnected blocks, the technology offers advantages like high-level security against frauds and cyber attacks. In fields like healthcare, blockchain implementation promises great potential by aiding secure patient record storage and access.
Internet of Things
Enterprises are constantly approaching software development outsourcing teams for IoT-related developments. Why? Business Insider, in one of its reports, predicted that there would be a dramatic increase in the number of IoT devices from 9 billion in 2017 to 64 billion in 2025. It means that more and more number of companies would invest in adding smart devices to the internet. And to run them, there would obviously be more demand for great apps.
Healthcare is one of the top sectors anticipated to benefit from IoT software development as the global IoT healthcare market is expected to show a CAGR of 12.2% between 2017 and 2024. The devices like heart rate sensors and blood pressure sensors are among those requiring the use of IoT apps.
A report suggests that the average cost of a data breach in 2020 would exceed $150 million. One of the top reasons for this is considered as the growing investments in technologies like the Internet of Things, while the need to develop secure apps is not being fulfilled. However, the enterprises approaching one or the other software outsourcing company for development have begun to identify the risks and allocate budgets towards secure software development.
One of the reports on cybersecurity suggests that the global cybersecurity spending would exceed $1 trillion by 2021. The companies following custom and agile software development are better attending the need to secure the software during the development lifecycle itself and the trend would attain a new level in 2020.
One of the reports on cybersecurity suggests that the global cybersecurity spending would exceed $1 trillion by 2021. Click To Tweet
Writing big chunks of codes not only add to the development times but also put the businesses on hold. Though it is not that well-known trend at present, low-code development is expected to become a preferred approach in the next few months.
Business Wire has already predicted the global low-code development market to increase through the CAGR of 44.49% from $4.32 billion in 2017 to $27.23 billion in 2022. The enterprises of all sizes are obviously happy with the less time-to-market advantage of the trend. The development teams too are happy to use the GUIs in the place of codes to help the process accelerate.
These trending ideas provide you the right hints on how to invest in the software development outsourcing services to build a great product that would be beneficial to your enterprise, end-users and customers. Make sure that you maintain the pace with the evolving technologies.
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