Although technologies, tools, and solutions utilized within the IT world are changing lightning-fast, there are some enterprise software development trends we may be sure will still be vivid and valid in the year 2021. Just like we may be certain that this area of development will grow rapidly in 2021. An impressive 10.8% rise (compared to the year 2020) is forecasted by Statista when it comes to IT spending on enterprise software. It is to reach the level of 517 billion USD worldwide.
But which tendencies and regularities are to add up to achieve this huge amount?
In this blog post, we’ll highlight those software development trends it’s good to know in 2021. We’ll pay special attention to tendencies regarding enterprise applications development.
Here's an outline of the article:
1. Software Development Trends – how to stay ahead
2. Enterprise software development trends to watch out for in 2021
3. Enterprise applications development – why it’s worth it
Software Development Trends – how to stay ahead
Statista’s data also shows that this rise will appear following a decrease in global IT spending in 2020 that was due to COVID-19’s negative influence on the economy. But now, when the pandemic is slowly being tackled in many countries and whole industries and particular entities look to the future with growing optimism, enterprise software development is on the rise again.
That’s why we may expect that modern business applications will be in increasing demand. One of the reasons for this is that many stationary stores have decided to go digital during lockdowns, and other entrepreneurs have been forced to change the industry entirely. Very often, they switched to online businesses built from scratch.
We’ve seen a boom in online sales, and along with it, many interrelated businesses skyrocketed, such as huge warehouses and delivery ones. Freelance contractors, as well as doctors enabling online medical appointments and pharma in general, were on a rising wave, too.
Moreover, within digital transformation, all phases of hiring went online or remote, just like many traditional offices and their employees. And they all need great enterprise software to succeed or even survive because competition is more and more hard and fierce. To stay on top of the latest industry trends, they should look not only at the current market situation and trends but also ahead – tracing some general social moods and lifestyle changes, especially among young people. They need to consider not only what has already been achieved but also anticipate the future and forecast some tendencies.
Enterprise software development trends to watch out for in 2021
1. Cloud technology dissemination
Cloud computing or wireless servers dissemination is one of the top software engineering trends of 2021, continuing the 2020 tendency. Within the recent State of the Cloud Survey, 90% of respondents said that the planned cloud usage has been surpassed due to COVID-19. Cloud technology is used not only for storing, backing up, and recovering data but also for creating cloud-native applications, streaming audio and video, delivering software on demand, and analyzing data, to name but a few.
2. Blockchain shifting towards the mainstream
Blockchain technology – a revolutionary way to store a plethora of information – is literally transforming the lives of the millions. Some of the most prominent applications of this growing trend in software development include cryptocurrency (Bitcoin) exchange, personal identity security as well as Healthcare and Life Sciences which, combined with supply chain management, makes things like COVID-19 vaccine management and shipment possible. With Blockchain, you may also reduce the risk of counterfeit, enable digitalization of financial instruments as well as easier and faster access to Capital Markets, and much more.
3. Low-code and no-code development
Low-code or drag and drop editors enable building applications to virtually anyone, with no relevant experience or even understanding programming necessary. Some even say that development can soon get to average people even more and announce the beginning of the no-code coding era.
4. Rise of Internet of Things (IoT) along with 5G networks
Traffic monitoring, energy saving, water supply, health control along with autonomous vehicles, and drones and wearables such as smartwatches or fitness trackers – are some of the areas where the Internet of Things is in vast use already. But the 5G technology is expected to enhance this process greatly. When connected to 5G networks, IoT devices are to realize their full potential and provide „support for ultra-reliable and low latency communications”.
5. Artificial intelligence augmenting
Artificial intelligence, associated with areas such as cybersecurity, machine learning, deep learning, data analysis, robotics, and NLP, is utilized in such diversified areas as education, healthcare, finance, smart cars, online search and recommendations, and personal and data security. As many as 80% of businesses already apply some form of AI but this trend is expected to strengthen in 2021.
6. Big data growing bigger
Huge sets of complex data mining – often with tools and databases we use anyway, by simply tracking consumer behaviors – is a relatively cheap but very beneficial step. Organizations of all sizes may gain certainty, and correlations and patterns instead of guesses, enhancing their business decisions greatly. And this tendency of analyzing large volumes of, usually unstructured, data coming in different formats and extensions, is here to stay with us in 2021. It simply pays off, enabling acting faster, increasing online sales, and satisfying customer needs better.
7. Cybersecurity strengthening
When businesses and services went digital at an unprecedented scale, data breaches or leaks have become more and more common and dangerous. Both small businesses and big enterprises are threatened by malicious software, ransomware, DDoS attacks, and cybercrimes including phishing and other frauds. Some of the security solutions to be implemented in 2021 include hashing protocols, specific machine learning algorithms as well as encryption, firewalls, access management, and data loss prevention.
8. Progressive Web Applications popularization
Progressive Web Applications are mobile apps combined with a web page, or „installed” on one’s system, revolutionizing the way users reach online content. They impress a growing number of users with a huge set of advantages which include being intuitive, lightweight, linkable, and traceable by search engines as well as the ability to work offline and send push notifications.
Enterprise applications development – why it’s worth it
Even though we are in awe of the revolutionary changes regarding software industry trends, happening right now, it’s definitely not enough. To stay on top of the game, modern companies need to learn how to translate those brave names into day-to-day business reality. Especially that technologies, languages, frameworks, tools, and methodologies that have been with us for years may simply become insufficient or obsolete due to low capacity, team enlargement, or new functions performed.
In general, some of the most promising application development trends cover areas such as Progressive Web Applications, Robotic Process Automation, Artificial intelligence, and the Internet of Things. Dreaming big, however, keep in mind that aligning products with the latest industry trends and application of new technology in software development is usually not that cheap. Formotus suggests that the cost of developing an enterprise mobile app ranges between 100,000 USD and 500,000 USD on average.
If you're thinking about developing an application for your enterprise, don't hesitate to contact our experts and talk about your project.