If you are searching “What are the latest technology trends in the software industry or what are the current new trends in software development?” We have the answer right here.
Being one of the top software companies in Canada, we have compiled a list of the latest technologies in the software industry. These are the latest 2024 trends in software that are sure to bring a paradigm shift in the IT industry.
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You can not restrict advancements in software development technology trends. It is unstoppable, it keeps growing in the software development industry.
There were times when it took 15 minutes to make a trunk call, but now it just takes a second to make a call to anyone in the world. This is the speed at which the latest technology is growing. A lot of development is made in the software section as it is slowly becoming the backbone of this computer world.
If you follow the latest software technologies trends and news, you might also be interested in the future of such new and upcoming latest technology in software development in 2024. This is why we decided to make a list of the top and latest technologies in software development. So, in this blog, we will explain the recent trends in software industry.
Let’s see what are the latest trends in software development in 2024!
LLMs, or Large Language Models, are artificial intelligence models/systems used in natural language processing (NLP) and machine learning. LLMs understand and generate human-like text based on the patterns and information they have learned from large amounts of textual data.
LLMs like GPT 4, LlaMA, and BERT are changing software development. These LLMs make it easier for non-developers to create software with low-code and no-code tools.
Software architects use these LLM models to analyze systems, find issues, and make better decisions. These LLMs are so advanced they help create clear and easy-to-understand documentation by explaining code and making it accessible to developers.
This means more people can participate in software development, and it improves decision-making and documentation for everyone involved.
Did you know within five days of launch ChatGPT reached 5 million users? Imagine how powerful AI is. If you are looking latest trends in the field of software development, OpenAI technology itself has become one of the trending technologies in IT industry.
OpenAI has exceeded the expectations and imagination of developing software development in today’s world. Certainly, OpenAI technology has transformed multiple dimensions like NLP-based applications, computer vision systems, and recommendation systems in software development. So, you can create effective and efficient software applications, while reducing the development time and cost.
Here are the advanced AI capabilities to leverage in existing or creating new software applications.
Creating the next generations of software applications results in the following benefits.
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AI technology is evolving at a fast pace, almost exploding for the last five years. Machines can think intelligently like humans and perform tasks that were initially restricted to humans.
AI has various subsets including machine control, machine learning, deep learning, natural language processing and the neural network that have individually grown exponentially over just 5 years. AI chatbots have replaced human assistance and customer service.
The use of AI & machine learning in native mobile application development has begun to enhance customer experience and app usability. They have reduced human involvement in almost everything and made it less prone to errors.
According to the market research firm Tractica, the global artificial intelligence software market is expected to experience revenues increasing from around 9.5 billion U.S. dollars in 2018 to an expected 118.6 billion by 2025.
These numbers tell us AI software solutions aren’t just a ‘trend’ anymore, in fact, it is a dominant force in the technological world of today. AI has reached healthcare, finance, education, transportation with augmented analytics, automated testing, automated code generation, and automated solution development.
Even the demand and supply chain software is using AI to reduce costs by predicting stock levels and reordering deliveries.
We know the work from home mandates have distorted business endpoints. Never before has there been such constant demand for information technology departments to keep everything going.
Developers who were critical of low-code platforms as they spent several years practicing their craft, doubted if low-code development platforms should be taken seriously.
But today, the same software development teams have begun to accept low-code and no code development. Thanks to the COVID-19 pandemic!
As you don’t need to code an application line by line for low-code development tools, you sketch it like a flowchart. This makes it fast and intuitive to create powerful new applications without manual coding. Whether it is about building low-code based ERP solutions, custom mobile apps, approval workflows, or portals, low-code platforms make each of these tasks easier and faster to meet the market’s evolving requirements.
By adopting low-code development, companies can create and deploy ERP solutions tailored to their specific requirements, which ensures agility and responsiveness in their business operations.
Low-code platforms speed up the implementation of critical business systems and also reduce dependency on extensive coding. This way, businesses stay competitive and innovative in a dynamic market landscape.
Do you also feel the urge to make your company stand out? Embrace low-code development now, it is one of the emerging technologies in software development for 2024 and future.
Remember the Ironman who had the chip on his hand? Spiderman who used his spider-sense on his head? Well, we are not going there yet, but in the coming years, the implantation of technologies into the human body and the human brain will begin to advance.
The physical and cognitive improvements in the human experience are actually the goal. The biggest example of HA is that wearables are becoming extremely common in the manufacturing and mining industries now.
In fact, many industries and companies have mandated it to wear microchips on their hands so that they can use them for their daily work.
Another example of human augmentation is powered exoskeletons. It can be applied to the roles of firefighters and workers who constantly move heavy loads as it gives back support, sends a signal to motors, and assists humans in physical movements. We should start calling them Human 2.0 as it will be the biggest trend of 2024 in software development industry.
People were expecting for a long time that AR is going to be the biggest success in 2021, and here we are. AR is one of the trending technologies in software development, not only it is empowering the digital world, but ready for future developments.
One of the reasons is, it is applicable in almost all architecture industries like retail, navigation, and manufacturing.Or you can take the example of customer Augmented Reality in the eCommerce business in the form of ads.
The more people are using social media like Facebook and Instagram, marketers are embracing AR as the ad format. Even AR filters. How can we forget that? The beauty and fashion industry is using AR filters for a complete look, with virtual makeup bringing it to a whole new dimension.
For the navigation industry, you can think of maps. As you know 2D maps are gone as 2020 has brought 3D and indoor maps in location-based application development with the help of AR walking features with more innovation rolling out soon. AR will be one of the top technologies in software development even in 2024.
The more quickly gaming and video industry are booming day by day, virtual reality is not going to leave us, not until the next ten years for sure. As VR is giving players immersive, first-person perspective experiences from advanced computer visions.
Despite video and gaming being the mainstream of VR, the training, and education sector has also likely to explore VR soon as schools have started making investments to bring VR into the classroom.
The same is true for corporates. With the help of software development, employees and management can implement VR in the workforce and training sessions to improve customer service and user experience. So you tell us, how are you going to adopt VR in 2024?
This might not surprise you as smartphones have already shown us a major revolution but what if we say, mixed reality is going to change our lives again? Smartphones gave us access, but mixed reality will give us a visualization. A real human world visualization with virtual reality!
Think of Pokemon Go. It allows gamers to gain a real-time view of actual surroundings combined with an overlay of intelligent virtual objects.
If you are an entrepreneur with a complex operational business, think of AR smart glasses with VR headsets. It is a huge win. Using a mixed reality interface will direct your employees through the most complicated control operations of enterprises.
That’s saying MR is the advanced version of AR, but it also comes with a sense of virtuality that is capable of changing your view in the next few years. It will be also useful for native mobile application development of restaurants, real-estate, etc.
Moreover, if you are from a real-estate business and looking for trends for your specific industry, read this blog that describes promising trends to consider in real-estate software development.
In recent years, we have realized the growing need for business availability, data recovery, and high accessibility. Thanks to the on-premise solutions. It deals only with on-site infrastructure, so this restriction has forced many companies and entities to move to cloud data center services alternatives.
Even governmental institutions felt the need to shift on to cloud technology. The benefit of using this service offers you the flexibility to pay only for what you are using. Cloud technology offers several options to develop on-demand applications, such cloud-enabled, cloud-based, and cloud-native applications.
Not only this but with newer technology coming in like “distributed cloud”, the need for this technology is going to rise even more.
We know IoT has come a long way, from ordinary mobile devices to vehicles, everything is attached with sensors that enable an object to be monitored or data gathered. So finally, we can say that the Internet of Things has penetrated profoundly into the everyday human routine.
Of course, it is only possible to get the best out of IoT by combining it with other revolutionary innovations such as AI and Big Data, but it is among the significant developments in the computing industry.
Also, the ongoing COVID pandemic has accelerated the adoption of tech-driven healthcare transformation that suggests that virtual visit numbers are going to be in the billions soon. So this latest technology in software development will undoubtedly go upward for healthcare software development systems in 2024.
What’s more, the rise of smart city solutions is rolling out IoT projects recently. When these groundbreaking initiatives continue to produce vast volumes of data, developments in 5G and edge computing can push data mining to the next level, as cities become tech centers.
Looks like it will stand fragmented even after 50 years, what do you say? Will IoT be on the future list of the latest software development technologies?
Let’s go back to the past and see how Big Data that used to be just an experiment has become compulsory now? The reason is companies and startups around the world have begun reaping benefits like making use of data. Look at Netflix. To understand just what its customers want, it has built its whole credibility on the basis of using big data.
But we know, the public has become very aware of how much of their data (eg. bank data) is being obtained. Companies that show that they do not seriously take this obligation will lose the public’s trust. If your business isn’t keeping up with security, you could be in serious trouble.
Another advantage of big data you can take is Daas (data-as-a-service). You know that the cloud allows businesses to access the infrastructure they need when they need it. Similarly, Daas will allow businesses to access the exact data they want and when they want, eliminating redundancy.
Blockchain one of the new technologies in software development became the talk of the town with the introduction of digital currencies like Blockchain Bitcoin and Ethereum. Blockchain is intensively used in the finance sector, and it is now also being applied in banking, finance, media, publishing, and healthcare software development.
Blockchain technology helps in the secured and simplified recording of transactions in a decentralized ledger. This makes it strategically important for businesses in all industrial verticals.
This decentralized nature is its biggest strength- it can store any type of record in a public-facing database that is extremely secure from hackers. They can’t easily attack and corrupt this data.
A large number of companies are planning to try their hands on blockchain development services. Like, distributed apps or dApps are recent technological developments of blockchain-based apps and emerged as a popular option for software developers to create decentralized secure open-source solutions.
It is predicted that blockchain was initially heavily focussed on financial services will now change its direction of development to supply chain tracking.
This technology is one of the latest tech trends in software development and Blockchain software developers are finding new and interesting ways of creating custom software development to implement it.
Wait. The list is not end yet. There is one more software trend currently booming in web development and in eCommerce development.
Planning to develop blockchain-based apps?
Want to create decentralized open-sourced software solutions?
In the past few years, android app developers have realized the cons of websites and mobile apps, which gave birth to PWAs.
They are extremely easy to develop and maintain and hence attracted many mobile native app development companies. However, it becomes even easy when you write software requirement specifications to get the vision of the PWA solution.
PWAs have combined the convenience of accessing websites from any browser and provide mobile apps hardware-software capabilities like machine learning for the native platform.
These apps integrate new web technologies, which makes PWAs different from regular apps and the integral part of every PWA is a browser script that runs in the background, separate from the web page, called the Service Worker.
Google and Microsoft have heavily invested in this technology. In fact, Aliexpress increased the conversion rate by 104% and a 74% increase in time spent per session.
PWAs show improvements in sessions per user, reading completion, and overall engagement because they are lightweight. Thus, PWA becomes one of the top trending software technologies in 2024 and beyond for web development.
Automated code review tools have made the life of developers easier. With the use of AI-based automated code reviews, developers don’t need to invest their time to check the common errors and threats in the software. The AI-based automated code reviews help developers to review more code in less time.
Because of that automated code reviews is becoming one of the top software engineering latest trends. These tools check the code of the software with the set of practices and rules. A few of the popular automated code review tools are DeepSource, Codacy, and CodeClimate. Currently, this is one of the most popularity-gaining software development trends.
The use of automated code reviews has resulted in the following benefits.
This way, it increases the overall production speed of software development teams and results in the faster release of the software in the market. So, would you adopt this trend in your software development process?
A distributed infrastructure is an architecture that uses a distributed approach to store and process the data in different data centers, which may be physically located in other locations.
It will democratize IT infrastructure, emphasizing the need for software development skills to deliver the ideal cloud-native development.
Scaling your application is difficult earlier as you needed to increase your computing abilities and ensure that the different components have the exact requirements. Distributed Infrastructure will eventually lower the cost of development as the business need not incur overhead and other costs.
Distributed infrastructure helps businesses reach the data from remote and mobile devices secured in remote locations with less latency and better accessibility.
With far and wide-reaching data, businesses can make better decisions. Developers can introduce data, use it and even enable analytics to empower end users with better logic and lowered complexities with this new technology in software development.
Some of the examples include predictive analytics and timely maintenance in manufacturing units, online multi-player gaming mobile apps, and simplifying utility solutions with designed programming languages.
Are you planning to develop an Augemented Reality app?
Legacy systems are outdated in their thinking abilities and cannot think of continuous integration. Connecting the legacy software to your new and reimagined solutions can lead to vulnerabilities that can hamper your business’s progress.
In many cases, it is difficult for the legacy system to adapt to new computing standards for many backend operations. The data sharing mechanisms are surrounded by risks, especially in the finance sector, which makes the solution vulnerable.
If there are blocks of code or programs that cannot be considered secure, they are bound by virtual cages and isolated until security is introduced. All this leads to complexities and hinders the original plan of easy-to-manage software development techniques and results.
With more companies embracing digital transformation, and the trend of modern software products development, it has become impertinent for businesses to consider replacing their legacy systems.
The developers will need to break down these complex structures into simple and usable logic, analyze the risks involved in holding them, and document the at-risk components. Some of the examples include the modern CRM system and modernizing business SAP.
If you are developing a large software application, it becomes difficult to perform changes or updates. To avoid the challenges of changing the entire application, the use of microservices becomes of the emerging trends in software engineering.
The use of microservice architecture is one of the best approaches to software development. Even a report by Technavio describes that the market of microservices architecture is accelerating at a CAGR of 25.1% with an estimated growth value of $1.59 billion.
The microservice architecture allows software developers to create independent components or modules of the application. And, these modules are easy to update, use, and deployable. Each module is built for a particular goal in the entire software application. For communicating with the other services in the application, the modules use API to send and receive responses.
So, when it comes to developing an enterprise-level application, microservices are used as it requires less development time and is also easily scalable for the future. A few famous tools for creating microservices architecture are Kubernetes and Docker.
Are you building an enterprise application for your business? Don’t miss to check the latest trends in enterprise software development. Check these trends and implement them to thrive your business with the power of future technology.
The core reason behind introducing DevSecOps is to eliminate costly and time-insensitive fixes after the deployment of software. This results in quicker development of your software without getting concerned about security.
DevSecOps is a practice of applying security during development within the software development life cycle (SDLC). Earlier security testing of software was getting done after development. Currently, security is introduced within the entire SDLC. Until the software gets secure and fixed this cycle goes back and forth.
According to a survey of GitLab, 57% of security professionals have either adopted or going to adopt security earlier in the software development life cycle. Using DevSecOps results in decreases in expenses and delivery rate of clients. In addition, applying this approach helps security professionals to check security through the development of your software. It reduces the delay in any security breach incident.
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Check the frequently asked section if you have any doubts about software trends.
No coding technology is currently the least popular for software development.
The emergence of voice technology, time stamping, and a deeper need for automation suggests that the future trends in software engineering industry will continue to evolve for the next couple of years for business enhancements.
You have just witnessed the latest software development trends. These are definitely not the only latest technologies in software industry. There are a lot more IT software trends and hot technologies that we will update on the list.
If you have any ideas or suggestions to add to this latest software development technologies list, feel free to tell us by contacting us below. We are happy to learn and improve with your help.
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