Being a software developer is today a no.1 best job title in the US. Their work unarguably touches every part of our lives.

Software development develops rapidly and offers new opportunities to various industries. Many of these opportunities may even be beyond our comprehension.

At the same time, software developers are probably burning with excitement as in 2018 such technologies as blockchain, artificial intelligence, Internet of Things, serverless functions and other become mature enough for conducting real-world projects.

2017 has already witnessed some bright breakthroughs in software developments and in 2018 they will continue to gain traction.

In this article, we are going to consider 4 most dominant trends in 2018.

Here they are:

1. Blockchain Disrupts the Financial Industry

The blockchain technology allows not to store all the data on a central computer, but divide it separately without clearly defined location.

Source: blockchaincongressusa.com

The blockchain technology became a real buzzword so far. According to reports, 9 out of 10 believe that the blockchain technology is going to revolutionize and disrupt the banking industry.

The global blockchain market is estimated to be worth $20 billion by 2024 compared to around $300 million in 2015.

IBM has already started to discuss with banks, government organizations and others so that they start using the blockchain technology for financial transactions. Moreover, IBM is going to invest $200 million in blockchain-powered IoT.

Such giants as Microsoft, Oracle and Amazon are also introducing their exclusive blockchain solutions.

Thus, the blockchain technology is gaining even more traction in 2018 and demand for blockchain developers is increasing.

2. The Internet of Things (IoT) Contributes to the Introduction of Edge Computing

It’s a misconception that IoT involves only devices intended for home use. In fact, most IoT devices are used on plants and factories, in various spheres of business and a great variety of devices are employed in the healthcare industry.

Such wearables as Apple Watch and FitBit get great attention, although they a mere part of IoT. From roads and smart cars to deep sea oil rigs, everything is being turned into data-collective sets.

Such IoT devices provide vital data to businesses that allow them to operate efficiently, save costs greatly, track inventory, and in some cases even save lives.

By 2025 the global worth of the IoT technology is predicted to be more than $6 trillion as compared to around $150 billion in 2016.

Edge computing is entering the game and becomes a priority. Thus, more network and database specialists will be needed to create the IoT infrastructure.

Edge computing is predicted to influence every layer of the IoT infrastructure starting with the cloud itself.

3. Virtual Reality and Augmented Reality Drive Larger Demand

The size of the virtual reality software market is projected to be more than $19 billion by 2020 as compared to $2.2 billion in 2017.

Source: arvr3dmodelling.com

The main spheres where Virtual and Augmented realities get most development:

  • the largest part of 15.6% involve consumer hardware
  • 6.6% belong to games based on virtual reality
  • 5.1% belong to games based on augmented reality
  • 3.1% involve onsite safety and assembly
  • 2.9% is software for retail showcasing

The rest 66% relate to other developments.

Sales of augmented reality glasses are predicted to skyrocket tenfold starting from around 300,000 units in 2017 to almost 4 million in 2018.

At the same time, the technology becomes more affordable since time. For example, the Oculus Rift cost was almost $800 in 2016 while new Oculus Go which was launched recently costs around $200.

Virtual reality is also expected to become mainstream and is going to be widely used in the advertising industry.

There were some examples of this: Google launched an experiment to see how virtual reality reacts on users’ eyes, Infiniti in collaboration with OmniVirt introduced a possibility to test drive Q60 with the help of 360° video virtually.

While these are only a few examples of the introduction of the technology in advertising, it is believed that in 2018 there will be a lot more of them.

4. Artificial Intelligence And Machine Learning Become a Must Have

Artificial intelligence interchanges the UI and that means that request-response model of communication with an app or service gradually disappears.

In a new era of intelligent software, the app will be designed to start interaction with the help of push notifications.

Source: bisintek.com

According to a poll, when respondents were asked about expectations as to marketing technology providers having native artificial intelligence capabilities, more than a half of respondents stated that it was highly important or even a must have.

Moreover, investments in artificial intelligence related startups have increased 6 times since 2000.

One of the most popular artificial intelligence features is machine learning which is also getting more and more popular. The three most demanded skills of software developers on Monster.com are machine learning, deep learning and natural language processing.

With the help of the machine learning technology, software developers will be able to create intelligent applications which will generate various recommendations, predict results, make automated decisions and other.

Netflix claims that they were able to save $1 billion due to a machine learning algorithm that provides subscribers with personalized recommendations as to TV shows and movies.

Conclusions

2018 provides great opportunities for software developers with the right skills. Recent trends require a lot more than just basic development knowledge, but at the same time it’s never too late and enough to acquire additional competencies and expertise. The more, the better.

Here are key software development trends in 2018:

  1. Blockchain disrupts the financial industry.
  2. The Internet of Things contributes to the introduction of edge computing.
  3. Virtual and augmented realities get higher demand.
  4. Artificial intelligence and machine learning are going to be must haves for businesses.

There are many more predictions and trends that can be addressed to and discussed separately. These are only a few trends in software development that are most promising from our point of view.

What other trends are you looking for in 2018?

Categories: Software Development

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