Top 5 Software Development Trends in 2024

The year 2023 was the year of insane technological advancements. While we saw new technologies like Generative AI picking up pace, trends like no-code development, python, and cloud continued to rule the tech landscape. 

It's obvious that 2024 will bring new technologies. However, it won't mean the end for other technological trends. Technological trends like AR/VR, Metaverse, Artificial Intelligence, and IoT have proved promising results for the future. We expect that these technologies will continue their hype in 2024 along with the birth of new trends.

We have analyzed global tech trends based on their market statistics, industry leaders’ thoughts, and their impact on the business sector. This helped us curate a list of the top 5 software development trends for 2024.

Let’s get started!

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Cloud Computing for productivity and efficiency

Digital transformation for businesses is on the peak which doubles the importance of cloud computing. In this technologically driven era it is not only crucial for businesses to stay relevant but also minimize their cost.

While you cannot cut down costs on the expense of performance, the cloud offers you the flexibility and scalability to build and manage applications as per your business requirements. 

Thanks to the microservices, containers, and CDs cloud solutions improve the productivity of the applications and the development team.

Statistics that prove the demand for cloud services.

1. The global cloud computing services market will reach $2432.87 billion by 2023.
2. Further, the market is expected to grow at 14.1% CAGR from 2023 to 2030.
3. 71% of businesses are looking to increase their investment in cloud services.
4. Plus, the cloud applications market is worth over $150 billion.
5. The top cloud service providers, AWS, Azure, and Google grew by over 42% YoY.

Azure giving strong competition to AWS

The second on our list of top software development trends is also related to cloud services. Currently, AWS has the maximum share of the market which is 33%.

However, it won't remain as on the top with Azure cloud services gaining popularity quickly. The recent developments in Azure architecture and the launch of the JEDI Cloud project in collaboration with the Pentagon, have given a competitive edge. 

Developers and business owners now feel that Azure is not much behind AWS in architecture, features, and performance.

Statistics on the rise of Azure cloud services.

1. Microsoft Azure was the second largest cloud service provider with a 23% market share at the end of 2022.
2. 56% of organizations worldwide use Azure cloud services.
3. Plus, 85% of the Fortune 500 companies use Microsoft Azure.
4. 65% of the businesses run their apps on Azure currently.

Developers prefer microservices for scalability

The use of microservices has become another trend in the developer community globally. And not just any microservices architecture, but the talks are hot about Kubernetes.

Cloud-based containerized microservices architecture is ideal for projects. However, developers are finding Kubernetes as a powerful tool for building microservices architecture, managing containers, and streamlining the development process.

One of the reasons why microservices architecture is becoming popular is the scalability and security it offers. Plus, the enhanced efficiency, high productivity, and hassle-free maintenance and modification are a bonus.

Statistics that support the microservices architecture software development trend.

1. O'Reilly Media survey shows that 69% of businesses are either using microservices architecture or in the planning stage.
2. In 2022, 85% of the companies were switching their apps to microservices.
3. Further, by 2023 82% of the companies have already incorporated microservices into their application development workflow.
4. Surprisingly, 4 out of 5 businesses use microservices in software development.
5. 92% of the companies experienced zero issues while using a microservices architecture.

No Code Development for accelerated app development

In this tech-driven era, we have all the services at our fingertips. Every business is in the race to launch its own app. However, building an app from scratch is expensive. The regular maintenance and upgrades are a plus.

In such a scenario no code/ low code development comes as an ideal solution. It not only reduces the development cost but also the time. In 2024, we predict that no code development will continue to shine.

LCNC platforms allow businesses to turn their ideas into digital solutions without the need for complex coding.

Statistics on the growth of no code software development services.

1. 80% of software development companies accept that no code development takes less time and effort.
2. 72% of the developers build apps 2x faster than those using traditional programming languages.
3. No code development market will grow at a CAGR of 25% reaching $46.4 billion by 2026.

TensorFlow for AI Development

Artificial Intelligence is no longer an unapproachable futuristic technology. Businesses are now actively integrating AI features into their business models, products, and services.

To integrate deep learning concepts, developers use specific AI frameworks and libraries. One of the top software trends this year was using TensorFlow to boost AI development.

TensorFlow, created by Google, is an open-source deep learning framework. It stands as the forefront platform for constructing and training neural networks. It encompasses a wide-ranging ecosystem of libraries, tools, and resources essential for crafting intelligent models and algorithms. Additionally, its flexibility and user-friendly interface empower developers to create sophisticated software with ease.

Statistics to validate AI software development trends using TensorFlow.

1. TensorFlow is one of the most popular machine learning libraries with 2 million downloads per week.
2. TensorFlow has a market share of 37.31% in the data science machine learning market.
3. Companies like Airbnb, Snapchat, Intel, and others use TensorFlow.

Conclusion

Businesses in 2024 will be under huge pressure due to rising inflation, rapidly advancing technology, and changing customer preferences. 

To stay relevant in such a scenario will be difficult. The only way out is to keep track of the latest software development trends and plan strategies to use them for your business's benefit.

The above-mentioned top software development trends will continue to rule alongside the birth of new trends. The year 2024 is going to be the year of crazy technological hypes, whispers, and blooms.