With 2023 on the mark, its pretty obvious that novel technologies will shower on the horizon, while others will keep emerging. This year will certainly give wings to the latest software development trends. However, similar markets and technologies will surprise us with novel advancements specifically after they turn into mainstream media. Artificial Intelligence, IoT, and AR/VR/MR organizations have already announced promising releases for the year.
This analysis is aimed at tracking the global trends in the IT industry and seek for practical implications. Be it technologies, tech stack or industry leaders- we have considered all the multiple aspects to present an in-depth analysis.
As per Grand View Research, the software development market size globally is likely to expand at an 11.7% CAGR from 2022 to 2030.
Acceleration in AI Adoption
Artificial Intelligence is the frontrunner considering the technology trends in the row, and its projected to be the same in 2023. With the passing of every year, users are becoming more accustomed to utilizing AI for daily practices.
For developers, integrating AI into their solutions has become obligatory instead of a preferred choice.
As per IDC predictions, the global AI market is projected to reach $500 billion by 2024.
While KPMG's research indicates that AI adoption has witnessed a boost in the Financial Services Industry.
RPA Adoption Rate
Robotic Process Automation (RPA) is the new household in the tech space. It's a technology that has a thrust in the forward direction due to the pandemic. RPA with its proficiency to perform high-volume repetitive and process-based transactions seamlessly is an obvious alternative.
A survey indicates 70% of businesses will be leveraging RPA in the next 2 years.
Nonetheless, to dictate, the information age will certainly mature and the next level of capabilities with the evolution of RPA.
PWA-Progressive Web Apps
Unsurprisingly, PWAs are a recent phenomenon in the web and mobile app development industry. Implementation of progressive web app technology in application development has its perks. The PWA design is often platform-independent
If fast market entry and coverage of multiple platforms with a unified codebase is your product requirement, the PWAs are the NEW BLUES! PWA can be the ultimate choice for the development of enterprise software associated with a selected single platform to benefit from the essential native features sustained by this platform.
As per the research, PWAs may cost up to 15X less than a mobile application.
Constant Expansion of IoT
The Internet of Things (IoT) is all set to expand in 2023 and the foreseeable future.
Stats highlight a rise of about 65 billion IoT devices in 2025. That's nearly 6X more in comparison to 2018.
There are also speculations of IoT impacting workplaces optimistically.
