2024’s Most Important Trends in Custom Software Development

In this post, we’ll explore the top 10 custom software development trends for 2024. These insights come from Vector Software’s developers and data from reputable sources like Gartner, Statista, and Grand View Research.

Custom Software Development in 2024: Key Stats

By the end of 2024, there will be around 28.7 million people working in software development, which marks a 20% increase from 2020. This growth brings more talent and fresh ideas into the industry. Every month, thousands of new software programs are launched. For example, in February 2024 alone, around 52,000 new Android apps were added to the Google Play Store.

A recent survey by Statista shows that .NET (5+) and NumPy for Python are among the most popular frameworks developers are using, with .NET leading at 25.3%. These numbers show how fast the software development industry is evolving.

Top 10 Custom Software Development Trends for 2024

1. AI and machine learning are revolutionizing the way businesses function. Businesses operate. According to Forbes, 56% of companies already use AI to boost their efficiency. AI is used for automating tasks, providing predictive analytics, and offering personalized experiences, all of which are becoming standard across industries like marketing and retail.
2. Cloud Computing Cloud computing is still a game-changer. It allows businesses to scale operations without investing in physical servers. This flexibility helps companies save time and money.
3. Blockchain Technology Blockchain is no longer just about cryptocurrencies. Today, 80% of large companies are using blockchain for secure data sharing. Its decentralized, secure nature makes it an ideal solution for businesses needing transparency and security. In the coming years, blockchain will be increasingly integrated into custom software solutions.
4. Datafication Datafication refers to turning everyday activities into data that businesses can analyze and use for decision-making. The global market for Datafication was valued at $310.19 billion in 2022 and is expected to grow to over $1 trillion by 2032. Data-driven decision-making is the future, and it will shape how custom software is developed.
5. Internet of Things (IoT) With nearly 30 billion IoT devices expected by 2030, software development for IoT devices is booming. These devices offer automation, enhanced efficiency, and better user experiences. As AI and ML evolve, IoT devices will become even more responsive and essential for businesses.
6. Low-Code Development Low-code platforms are making it easier to build software quickly. These platforms provide drag-and-drop features and pre-built templates, allowing companies to develop applications faster and more affordably. However, for more complex solutions, custom software development services will still be needed.
7. Internet of Behavior (IoB) The Internet of Behavior (IoB) combines data from IoT devices to understand user behavior better. It allows businesses to create hyper-personalized products and services. As personalization becomes more critical, IoB will play a significant role in future custom software development projects.
8. Microservices Architecture Microservices break down large software into smaller, independent components. In a cloud-first world, microservices enable businesses to scale quickly and adapt to changing demands with ease.
9. Web 3.0 Web 3.0 is the next generation of the internet, which focuses on decentralization, security, and personalization. Technologies like blockchain, NFTs, and decentralized applications (DApps) will be at the heart of this new wave. As these technologies mature, Web 3.0 will drive innovation in custom software development.
10. DevSecOps Security is becoming a more critical part of software development. DevSecOps integrates security into every phase of development rather than treating it as an afterthought. By automating security checks, companies can develop software faster without compromising on security.

Why Custom Software Development is the Right Choice

Choosing custom software development over off-the-shelf solutions offers several benefits:

• Flexibility: Custom software is built to meet your business’s specific needs. It eliminates unnecessary features and helps streamline your operations.
• Reliability: Custom software is designed to work seamlessly with your business processes, reducing the chances of downtime or technical issues.
• Cost-Efficiency: While off-the-shelf software often comes with ongoing licensing fees, custom software can save you money in the long run. You own it and can make changes as your business evolves.