Reflection
As businesses lean further into their digital evolution with continuous investment and change across their IT infrastructures, platforms, and applications, it's clear that software development is one of the key players within this shift.
As businesses lean further into their digital evolution with continuous investment and change across their IT infrastructures, platforms, and applications, it's clear that software development is one of the key players within this shift.
In fact, the global business software and services market size was valued at USD 429.59 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.7% from 2022 to 2030.
We've seen our own clients across 2022 look to software development to support their revenue growth, improve their user experience and reduce operational costs.
Software development offers a wealth of opportunity, but let's look specifically at what we think some of the top trends for 2023 will be:
A growing need for Cyber Security
Cyber attacks are continuing to rise and businesses in every sector and of every size must put cyber security at the forefront of their agendas. As we move our systems and data further into the cloud, we must look for ways to protect our business from attack. Ransomware specifically is a growing concern. The impact a single ransomware attack can have on your business is devastating and sometimes, not recoverable. As our software supply chains widen and become more complex, so must our defenses. Having a security-first mindset will be key to success in 2023.
The rise of cross-platform app development
More and more businesses are recognising the rapid increase in mobile use for business purposes over the last few years and developing an app that is accessible across all devices, seems like the obvious thing to do. Couple this with the fact that development time is hugely reduced when using a single source code and the fact it can be recycled across multi-platforms and you can see why this trend is growing in popularity.
In-house skills shortages driving hunger for outsourcing
According to a Gartner report for 2021, 64% of executives say the most significant adoption barrier for their business is a lack of talent. This compares to only 4% in 2020. It's no secret that the tech market is facing one of its biggest recruitment challenges of all time and this lack of in-house IT skills is resulting in an increase in the outsourcing of IT generally. We predict this trend will continue well into 2023, with companies looking to avoid the delay in getting projects off the ground and equally, avoid the costly salary fees that come with skilled software engineers.
2023 is set to be an exciting year for software development but many businesses will look for a technology partner to work closely with them on their development journey. Talk to us today about your software development needs, our experienced team of engineers, project managers and developers would be delighted to help.
Don't hesitate to get in touch with us! Whether you have a project in mind or simply want to learn more about our services, our team is ready to help.