Software is the foundation of the technology industry. From smartphones to complex enterprise systems, software is at the core of what drives these technologies. As you explore the digital age, it's important to understand the trends in software development. The rapid development of technologies such as artificial intelligence, machine learning, and the Internet of Things has had a huge impact on the software development industry. This article aims to help readers initially understand the new trends in the field of software development in 2024 through a summary of 30 data.
Software development market overview
1. 84.70% of companies in the software industry focus on developing enterprise applications for customers.
2. 53.90% of companies are mainly engaged in business process automation software projects, so in 2024 we will usher in the peak of experiencing business automation.
3. About 15.40% of companies provide customer relationship management software solutions.
4. 7.70% of software development service providers help customers build, manage and maintain educational software.
5. Among the developers interviewed, 38.50% are responsible for providing back-end software development and front-end web application development solutions for e-commerce owners.
Software development industry statistics:
6. 33% of the global technology market is located in the United States. Despite the size of the U.S. technology and software market, 67% of technology spending occurs overseas, demonstrating the global appeal and demand for technology products and services. Europe is another major player, accounting for a fifth of total global technology spending. At the same time, China quickly rose to prominence and gained dominance in Asia's software development landscape.
7. The software testing market in the Asia-Pacific region is rising rapidly, and it is expected that the compound annual growth rate (CAGR) will be as high as 8% by 2026.
Software Development Trends and Statistics 2024
8. By 2025, the Internet of Things (IoT) is expected to cover more than 75 billion devices worldwide, an increase rate of three times compared with 2019. As a cutting-edge technology in the software industry, the Internet of Things enables seamless interconnection among various machines and devices through the Internet. It has a wide range of applications across various industries, including healthcare, and contributes significantly to the success of telecommuting organizations.
9. Nearly 69% of enterprises have adopted cloud computing technology. Research shows that a further 18% of companies plan to adopt cloud solutions. Driven by this growing trend in software development, many organizations have seen revenue growth of 53%, and are expected to increase further by 2024.
10. Python stands out from many programming languages and becomes the fastest growing leader. Because Python has many core libraries that can be easily accessed, such as PyTorch, NumPy, and TensorFlow, and Python also has excellent performance in automating back-end systems. Therefore, 70% of machine learning developers choose to use Python in their projects.
Although Java is not the fastest growing language, it is still a strong contender, with 9.4 million Java developers making up the third largest programming language community.
Software development time and cost statistics
11. On average, 63% of each company's software development costs are spent on designing and building new software.
12. Nearly a quarter of companies prefer to choose software development outsourcing services. The main reasons include lower costs, increased flexibility, faster time to market and a large talent pool.
13. The level of satisfaction with outsourced development is relatively low, with only 17.8% of companies reporting being absolutely satisfied with the work delivered.
14. A typical software development project takes about 4.5 months to complete and costs $36,000.
15. Approximately 23% of project development costs exceed US$60,000.
16. After the software is built, subsequent maintenance costs account for approximately 15% to 20% of the initial development cost.
17. About 61.60% of development companies set an average development time of 4 to 6 months, while 10.81% of software companies provide software maintenance and support for more than 6 months.
18. 10.81% of software development companies provide the best software with more than 6 months of maintenance and support.
19. The software development cost of small software or applications is US$30,000 to US$45,000, the cost of medium-sized software development projects is US$70,000 to US$100,000, and the cost of large-scale complex applications is more than US$100,000.
20. The cost of basic CMS software development is between US$20,000 and US$50,000, including design, some customized functions, configuration, etc.
21. ERP software development costs $100,000 or more, depending on the number of features and company size.
22. Building an e-commerce system from scratch requires at least $50,000. For more complex solutions, the cost can rise to hundreds of thousands of dollars.
23. SaaS development costs range from US$25,000 to US$100,000. For complex SaaS products, the cost is even higher.
Statistics about technologies used in software development
There are over 700 programming languages to choose from in the software development industry. Therefore, there are many aspects that businesses and software developers must consider when choosing the right programming language.
24. A report pointed out that JavaScript will be the most popular programming language to learn in 2023, with 12.4 million active developers.
25. The second most popular programming language is Python, with 9 million active developers.
26. Java ranks third with 8.2 million developers.
Software development general statistics
27. The average age of software developers is 25~34 years old. From the above data, we can see that there are many young developers in this market. 48.42% of software developers are between 25 and 34 years old, and 21.71% of software developers are between 35 and 44 years old.
28. AI integration in the field of software development is a prominent and continuing trend. Developers can create better software solutions faster by leveraging deep learning and advanced machine learning techniques. Software Development Trends predicts that artificial intelligence enhancement will generate $2.9 trillion in revenue.
In China, the SoFlu software robot launched by Feisuan, as an intelligent development tool for microservice architecture design, deeply integrates best practice experience + AI, covering front-end and back-end development, testing, operation and maintenance, and helps enterprises comprehensively improve IT productivity. The launched function AI generator, FuncGPT (Hui Function) supports the creation of all types of functions. Use natural language to describe Java function requirements and generate high-quality, highly readable Java function code in real time. The generated code can be directly copied to IDEA, or imported into the Java fully automatic development tool function library with one click. At the same time, it is equipped with special functions such as real-time visibility of code and human-computer interaction-intelligent brain, which truly helps developers get rid of the traditional development model of "reinventing the wheel" and focus on higher-level work such as architecture and programming. , completely unleashing the innovative potential of every developer.
29. The 2023 Octoverse report shows that the growth rate of the number of private projects on GitHub is 38%. These private projects account for a total of more than 80% of GitHub activities, making 2024 the year of GitHub.
30. GitHub’s automation function Actions runs up to 263 million automated jobs every month, and the daily build time exceeds 41 million minutes.
For more industry information, follow the official account [SoFlu Software Robot] to unlock more functions. http://y.d4t.cn/ybNaNx .
Broadcom announced the termination of the existing VMware partner program deepin-IDE version update, a new look. WAVE SUMMIT is celebrating its 10th edition. Wen Xinyiyan will have the latest disclosure! Zhou Hongyi: Hongmeng native will definitely succeed. The complete source code of GTA 5 has been publicly leaked. Linus: I won’t read the code on Christmas Eve. I will release a new version of the Java tool set Hutool-5.8.24 next year. Let’s complain about Furion together. Commercial exploration: the boat has passed. Wan Zhongshan, v4.9.1.15 Apple releases open source multi-modal large language model Ferret Yakult Company confirms that 95 G data was leaked