Millennials Generation Y has witnessed rapid technology change. Smartphones, smart TV, Laptops, Notebook, and many more all are the end product. But, do you know that software is required to perform the required and desired task for which it has been intended or designed to operate these devices. Thus, the next question that invokes in mind is who developed the software?
The software development company, whether it is Website Development or Mobile Application Development Company, develops the software according to the customer’s demands. Most people see this option as a good carrier option. As a result more people are inclined towards the software development field. We all know that every software company needs to keep them updated with all the latest technology that will come into the market. So there are always trends that must be incorporated by the software company for better growth and to stay ahead of the pack in the market. But, before going forward, it’s better to understand what exactly is the software development company.
What is the software Development Company?
Software Development Company is the one that develops the software according to the needs of the client’s business. For instance, a company can develop the Website and Mobile Apps. Some software are cloud-based or licensed based. Besides these, some companies also provide services related to marketing.
The latest survey shows that there were nearly 24 million software developers around the world in the previous year, and according to Evans Data Corporation prediction, by 2024, there will be an increase of 20% in number.
The more peeps are becoming entrants into software development; we will see a more creative, diverse and innovative workforce in future.
These days, software development companies are in demand; thus, the market floods with several companies. But, you must try to understand which things will make you unique or different from other companies? Or how much you go the extra mile?
So, the crux of the matter is how you will stand erect and grow in the near future? Let’s find out its answer by shedding some light on the latest trends that need to be followed for the software company’s growth.
Need to Focus and Invest Time on New Innovative Technology:
Being an owner of the software development company, it’s always mandatory for them to invest their time and knowledge in pondering new innovative technologies. They must know which new technology is in demand and how it will help in their business growth? API, Cloud Computing, React Native apps, and many more are the main trends to follow. Some new technologies enable the programmer to develop the software or an app from existing code. In simple words, they don’t need to develop the software or an app from scratch. In this way, the company’s developers will foster more on providing excellent customer services according to their needs and demands. In the end, the company manages their time so that they can optimize their productivity.
The Rise in Demand for E-commerce Software:
2020 is the year we can’t forget, the COVID 19 Pandemic started this year, and we all have become the spectators of its drastic effects on our near and dear ones lives. Owing to this, many companies have faced the financial crisis, and due to this, most companies are switching to the online selling business as it was like the last resort for them.
E-commerce apps and websites are in great demand at this time, so the software companies come into the game with the increase in demand. They can develop unique, interactive apps or websites which will help to attract new shopping customers. So, if the software company will play its card well, it will strive towards the market with firmness and steadiness. According to Statista, there will be expected growth of 22% for the year 2023, which was approximately 14.1% in 2019.
Rise in Digital Marketing:
With awareness among the business, many companies want to give digital marketing a whirl. The Startup or the medium enterprises all know the worth of investing their money, time and faith in online marketing rather than approaching the customer with the monotonous traditional marketing ways. So software companies can do wonders to their business by increasing their brand reach to customers all over the world. This digital marketing will help their business to grow. It’s is high time for the software companies to provide the specialization in digital marketing services to the clients, which will help them to grow in the near future.
Interest Inclined towards Outsourcing:
Outsourcing is not a new trend, but if your company doesn’t give outsourcing services, you are on red alert. With the COVID 19 Pandemic, we have seen turbulence in the economy, which means all the sectors are affected badly. Still, outsourcing is the one sector that will gain its stability back after some time. Gartner predicts that the IT sector will rise to 4.1% in 2021 compared to the previous year, where there was a decline of 4.6% in this sector. You must be amazed why this sector will gain growth back? Right? Then, here is the answer to it.
Software and apps are never going out of trend because we are moving ahead with smarter technologies. So, the demand for software and apps will keep on increasing. There is always a need for the IT company with highly skilled professional staff who can deliver the desired end products to clients. For this purpose, some business owners hire software companies from the local area or outside their region.
2020 is the pandemic year, where almost every business bears financial losses in their business. So, we will all see that 2021 is the year full of opportunities for all sectors. With the evolution of the new technologies, this is plain as day that the software development company’s future is bright, be it Mobile App Development like Android App Development or iOS App Development. If you want your software company to possess a stronghold in the market and touch the sky’s new heights, then the aforementioned trends need to be followed for future growth.
Ellocent Labs is one of the Excellent Mobile App Development Company that provides specializations services in mobile app development like Android App Development, iOS App Development, ionic App Development and React Native apps. We follow all the professionalism rules; that’s why we believe in delivering the quality and desirable end products to clients.
Read Also: Top Web Development Trends for 2021