Top Six Software Trends that Can Dominate the Year 2021

Top Six Software Trends that Can Dominate the Year 2021

The historical year 2020 was like a rollercoaster ride for all of us due to the obvious pandemic. This global pandemic has affected the various countries, humanity, sectors and other individuals in this world. This Covid 19 acts as a catalyst that forces the maximum business to adopt the cutting edge technologies like they can take the services of the Cryptocurrency Application Development Company Which means, the demand of the technology is growing at a rapid pace. No sector in the world isn’t affected by this pandemic. The IT sector is also one of them, but thanks to growing technology and remote working conditions. This sector is growing at a rapid pace with the software trends.

The challenges faced by many organizations in the year 2020 has awakened the companies to follow the flexible and location free trends to compete with the other competitors in the market. So in this blog post, we enlisted the most notable software trends that can dominate the year 2021

Let’s check out some without any further ado:

1. Cloud Computing:

Many companies have adopted the cloud computing trend before the global Covid 19 pandemics hit the world. If some companies were in doubt about adopting this technology, this pandemic has wiped all the uncertainties associated with cloud computing.

The demand for cloud computing in the IT industries and some other working sectors. According to Gartner, cloud computing is the only field which grown by 6.3%. As a result, total revenue is close to $258 billion, which is $15 billion up from the previous year.

Source: Sam Solution

74% of businesses expected that their cloud computing spending would increase at a much wider pace in the year 2021.

SaaS solutions, taking the largest part of the public cloud market, are predicted to generate $120 billion, which is $15 billion more than 2020.

The trend of cloud computing increases works efficiency and productivity.

Other than this, some companies already use the Hybrid cloud, which is very convenient to use. If you plan to take one step further by introducing this trend into your business, you should take the cloud services company. Furthermore, some companies also make plans to use the hybrid cloud. Amazon web services, Oracle etc., are some of the giant companies which use the hybrid cloud.

2. Internet of things(IoT):

 IoT is another promising software trend that can dominate the year 2021. IoT is defined as a network of internet- enabled physical devices. However, most people don’t know that they have already adopted this technology by including it in their daily life.

Like in smart homes, people can close the door remotely if they forget to close it. Another example is that people can switch on the AC on their way home, so when they arrive at home, they will find the chilled room. These types of examples show that people have embraced this technology with love for their convenience and hassle-free life. The business is not behind; they are successfully hiring the IOT App Development Services Company for this trend. This technology can enable better safety, security, productivity and decision-making for the business. This technology can increase the

  • Maintenance,
  • Speed up medical care, 
  • Improve the customer service etc.

The forecasts suggests that by 2030 around 50 billion IoT devices will be in use around the world. Furthermore, this technology can be used in the upcoming years, from smartphones to kitchen appliances.

3. Blockchain:

Blockchain has the potential to change the whole industry. This technology offers security in information transactions. The blockchain developer specializes in developing and implementing the architecture using the blockchain strategy. Furthermore, these blocks are so secure that nobody can alter the data in the previous block. This feature makes it more special.

As the name suggests, you make the chain of data. Furthermore, blockchain are consensus-driven, so no one entity can take control of the data.

With this technology, there is no need for the third party to oversee the transaction.

There is no doubt that cryptocurrency played a major role in popularizing blockchain technology and is one of the dominating trends for the year 2021.

Read Also: Top 10 Cryptocurrency/Blockchain Trends in 2021

Several industries are implementing blockchain technology for efficient, productive, and secure work. One of the reports revealed that,

  •  By the end of 2024, it is expected that corporations will spend $20 billion per year on blockchain technical service.
  • 74% of tech-savvy teams say they believe there is huge business potential in blockchain technology.
  • 24% of businesses expect to invest between $5 million and $10 million in the blockchain during 2021.

4. Artificial Intelligence:

From past years, artificial intelligence has improved the operations of many businesses and even for some companies. Due to this reason, it creates buzz in the software development industry and is one of the most worthy trends that can dominate this year.

You must have seen some examples where AI is proving its mark in the industry, like superior images and speech recognition, navigation apps, ride-sharing apps and many more.

The e-commerce sector is also not lagging in terms of using AI for improving the customer experience. Like Amazon or other online shopping apps, it helps give suggestions to the customers when they are looking to buy something. Furthermore, it provides high security in the transactions and helps to reduce the risk of frauds. If you are in search of Artificial Intelligence Development Services then, you can hire the best company.

One report states that the AI market will grow to a $190 billion industry by 2025, with global spending on cognitive and AI systems reaching over $57 billion in 2021. With time, AI has spread its wings in every sector of the world. Surely it will dominate the market very soon because of its superior features.

5. Hyper Automation:

This trend is the most populated. With the blend of Artificial Intelligence, Machine Learning, and Robotic Process Automation. It increases the automation of the business process. In this software trend, any repetitive task can be automated and create bots to perform them.

Hyper Automation brings together several components like tools and technologies that upgrade the ability to automate the work. Let’s take a look at some of its benefits:

  • It helps in accelerating the complex works
  • It helps in deploying digital workers.

There are several industries where this trend is followed, for instance: Healthcare, Banking, Manufacturing, Insurance, public sector, life sciences.

6. Robotic Process Automation(RPA):

 It’s a software technology that manages the human actions processed by robots. Like with the help of it, robots interact with the digital system and software.

Here are some of the points that illustrate what the robots can do with the blend of this software trend.

  • Robots can understand what are going on the screen
  • Navigate the system
  • Identify and extract the data
  • And also performed the right actions.

Moreover, in simple words, RPA uses software to automate the business processes such as interpreting applications, processing transactions, data and even generate automated emails for the customers. It automates the repetitive task by generating the intelligence data as per the situation or query of the customers. With this new technology trend, lots of job opportunities are created.

  • Forrester predicts it will grow from $250 million in 2016 to $2.9billion in 2021.
  • Grand View Research expects growth from $358 million in 2017 to $3.11 billion in 2025.
  • Among respondents who have implemented RPA now, 78% plan to invest even more in the next three years.

To Sum-Up:

In this blog, we shed some lights on the latest software trends that dominate the year 2021. We have shared information about the trends with stats and data. The IT industry is just like any other industry, which has seen the downfall due to the global pandemic Covid19 and the growth of this sector depends on some other factors like working environment for the employees, facilities for the employees and many other factors.

As a business owner, you must know about the latest trends that need to be followed for the upcoming year to stay ahead of the pack in the fiercely competitive world.

Ellocent Labs is a well-known name in the IT industry that has become synonymous with excellence and agility. It is known for providing the world’s Mobile Application Development Services to its esteemed clients. We are armed with the best technical skills, due to which our developers meet the clients’ diverse specifications. if you want to know more about our suite of services, then please visit our website!!

Read Also:

Why Companies Required Blockchain Development for Their Businesses

 

Artificial Intelligence Development Services

AI Technology Shaping the Cryptocurrency Industry- HOW?

“Right now Bitcoin feels like the Internet before the browser.”

Artificial intelligence when we hear about this word, a picture of robots pops up in our mind. Artificial intelligence is much more than that as it is the machines’ intelligence, just like the human brain. Artificial Intelligence development services are mandatory in today’s era of digitalization.

AI Is A Force To Be Reckoned With Cryptocurrency:

Today our whole life revolves around AI technology, from entertainment to paying off the bills to communicate with our loved ones. We are just moving around the AI. When we talk about banking services, we are using various currencies, and Cryptocurrencies have had a tremendous effect on the world. Best web development companies are serving the purpose in alliance with cryptocurrency.

Identified As A Smart Move:

AI development services are a smart move in the digital era, unlike the human emotional and biased decisions that are changed with rational ones through artificial intelligence development services. Likewise, Bitcoins and other Cryptocurrency are gaining popularity as fluctuations in the price rise and fall numerous times in a day. It is more of a stock market.

AI has helped identify instabilities in the market, so new machine learning safeguards can correct them, so they both go hand in hand.

Enhancing Usage:

Another important aspect that came out is that crypto popularity is increasing worldwide usage. However, an increase in the popularity and global use of cryptocurrency is an authentic payment solution and safe investment choice. The popularity of cryptocurrencies indicates their extended-lasting stay.

Artificial intelligence development services are a helping hand for cryptocurrency users. As customers are gambling using online cryptocurrency. Bitcoins and other cryptocurrencies are becoming the best solution as they attract customers and businesses. Crypto has helped many to make gigantic profits out of it.

Secure Mode Of Payment:

In today’s era, when people find new ways of investing, they found out that cryptocurrency development services are the best to serve their investment purpose. They are the most secure and best for ROI. The young entrepreneurs are giving a shot to this, and in return, they are getting massive profits out of it.

Artificial intelligence development services are making these new currencies more accessible and viable. The inventors of these currencies are using AI and machine learning to prepare their platforms for their challenges.

Winding Up:

Ellocent Labs is a Custom Blockchain Development Company whose ultimate goal of artificial intelligence is to assist and become a helping hand for everyday investors of cryptocurrency. The best thing about artificial intelligence is that it is unbiased and rational that makes the technology best, which serves investors’ purpose to improve their returns.

Ellocent labs provide cryptocurrency development services; the future is uncertain for cryptocurrency traders. With their best artificial intelligence development services, they have come up with the most secure and reliable network that you can operate and get your ROI.

 

Read Also: Why Companies Required Blockchain Development for Their Businesses

Blockchain Development

Why Companies Required Blockchain Development for Their Businesses

Blockchain is one of the most focused points for various businesses providing an alternative to the traditional currency and changing how financial transactions were handled. Enterprises face huge losses with intermediaries’ involvement, paying their fees, human errors, and work delay. What if there are no errors and no middlemen involved in the loop?

Yes, these solutions are possible with blockchain development? So let us discuss what blockchain development is and how it is changing the way organizations worked.

What is the Blockchain Development?

In simple words, a Blockchain is a series of immutable records of data that is administered by a knot of computers but handled by a single entity. By using cryptography, these blocks are linked together. The Blockchain has no central authority. Since it is decentralized, everyone has access to the information.

With the enhancement and growth of the Blockchain, developers are building apps on the Blockchain. As per research, it is expected that corporations will spend $20 billion per year on blockchain development services.

Blockchain Development Services

How is Blockchain Embracing Businesses?

  • Easy, Faster, and Cheaper Payment

With the Blockchain, there are no third parties involved in the process of billing and invoice. Started with Bitcoin, you can use Bitcoin and other cryptocurrencies to pay your employees or other people. The Blockchain began with the Bitcoin that allows you to use it and other cryptocurrencies to pay your employees or other workers.

It is highly beneficial for both global and local payments as it saves you from the hateful transactional fee paid in the traditional transaction systems such as banks. Keeping a record of transactions in the Blockchain makes it easy to track the cash flow and saves you from unnecessary trades.

  • Better Supply Chain Management

From manufacturing, transportation, and delivery, the consumer’s Blockchain helps lead seamless operations and tasks with constancy and transparency, allowing consumers to cross-question and ask about the product delays.

It gives robust security to both the manufacturers and the consumers, simplifying the supply chain solutions.

  • It Uses Smart Contracts

It is one of the initial applications of the Blockchain. These are self-automated computer programs that can carry out contracts where all the terms from both the parties are written in the form of codes.

The conditions are executed when the codes are written are fulfilled. If any of the party countermands, the products are returned to the other party. They are using smart contracts for businesses to lower the costs for a subset of financial transactions.

One example of a company using Smart Contracts is Slock, with an IoT development services platform that rents bicycles to the customers using a smart lock to unlock after both parties agree to the contract.

  • Interaction with Customers in a Better Way

Blockchain aids authentic identity management. With the digital IDs for the customers and employees, the information is secured, and identity verification becomes easy. Also, there are no chances of fraud, money laundering, thefts, or other cyber-security concerns.

Choosing a blockchain as a service provider for customer engagement brings various opportunities. Users can control their personal info, which adds more transparency and fosters a better and strong customer interaction.

  • Real-Time Analysis of Campaigns

The technology has improved the way campaigns were run. With the Blockchain, marketers can keep a real-time track of all the interested clients with their behaviour, leading to an effective and successful campaign while increasing the ROI.

Check out the flow of traffic from the real world and generate higher outcomes because every penny counts.

As per a PWC report, 77% of the financial institutions are anticipated to embrace blockchain technology as a core part of their in-production system or process by the end of 2020. It’s time for you to upgrade your existing business and harness the power of Blockchain and Cryptocurrency.

Jump into the process and tackle all the hidden and difficult challenges with experts and make the best use of blockchain development.

 

Read Also: How to Scale Your WordPress Website Management?