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
- 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.
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.
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.
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.
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