New Opportunities in Software Development for 2024

Software trends have been evolving over the years, and this year a few key movements will stand out in 2024.

Progressive web apps remain a popular alternative to native app development, while low-code platforms are now becoming an industry necessity due to their speed at cutting down on dev time.

On the other hand, the latest trends in software development, such as Artificial Intelligence (AI), Augmented Reality (AR), Blockchain Development, and IoT, are at an all-time high.

But what does this mean for software engineering trends in the coming years? Moreover, how can software development firms help shape the future of these software technology trends?

To get a clearer view of the future, it’s beneficial to explore current trends in software development by comparing them with the predictions from last year.

This way, we can see how far the software industry trends have reached, the emerging benefits of custom software development for businesses, and what may be on the radar for the upcoming months.

Now, let’s take a look at each software development trend. Here we go!

1. Technology Industry Investing Heavily in Progressive Web Apps

It has been a long journey for Progressive Web Apps since its introduction in 2015.

This technology is finally experiencing the kind of acceptance and adoption it deserves. Also, according to Emergen Research, the global PWA market size may value around USD 10.44 billion by 2027.

As mobile usage too is skyrocketing, PWAs provide an excellent opportunity for website owners to make the user experience even more attractive with app-like experiences in addition to decreasing development costs.

Here’s one example to prove the relevance and popularity of PWAs:

Pinterest needed a revamp to reach out more effectively to its user base. After careful analysis, they identified the areas where the website was underperforming and decided that an upgrade was necessary to boost their customer numbers.

After three months of hard work, the existing website was rebuilt using React and converted into a Progressive Web App (PWA), resulting in drastic changes like an impressive 40% boost in time spent on the platform by users and a 44% sharp increase in advertisement revenue.

If you're looking for ways to optimize mobile experience and cost-efficiency, investing in PWA could be just what your business needs!

2. Blockchain Applicability Extends Beyond the Financial Sector

Blockchain technology continues to disrupt the status quo in 2024, with businesses from various industries seeing its value and choosing to implement it.

This innovative technology offers unparalleled security for activities such as transactions by organizing data into distributed and decentralized systems that are almost impossible to hack or alter.

From distribution, manufacturing, and healthcare to the financial sector that initially adopted this tech, by 2024, we can anticipate the Blockchain market worth an estimated $20 billion!