Software development is a perpetually evolving field. Every now and then, fresh technologies and methodologies redefine the software development process. A software developer company must stay at the forefront of these new developments. Currently, there is another trend that is impacting software development. This trend is offshore software development. Currently, it stands on the brink of a massive global expansion. Statistics say that developers can expect its projected market value for 2024 to reach unprecedented levels. 

Let us take a look at the upcoming software development trends for 2024. Adopt them before anyone does and stay competitive in the digital marketplace. 

Offshore Software Development Market Growth In 2024

Let us look at some projections from Cognitive Market Research. They predict that the Global Offshore Software Development Market will reach USD 112,609.5 Million by 2030. CAGR will grow at 15.2% between 2023 and 2030. Additionally, they predict that offshore custom software development revenue will reach $30,802.9 Million by 2028.

To capitalize on this growing opportunity, offshore software development companies must adopt the latest tech trends. It will also empower them to stay competitive and thrive. The critical trends include:

AI-Powered Development

2023 marked the beginning of the AI revolution. 2024 is expected to further its adoption. Hence, AI will continue to play a pivotal role. A 2022 McKinsey report states that almost 50% of worldwide enterprises have already implemented AI-based operations. Fast forward to 2023. AI has permeated almost every sector and every industry.In 2024, this trend will continue to look and be promising. Predictions say the trajectory looks highly promising. 

Hence, 2024 will see a high demand for integrating AI in offshore software development. Ensure your offshore developers are proficient in using AI-powered tools and platforms. This will empower them to improve their contribution to software projects. The entire software development process will speed up.

Further, AI will play a pivotal role in helping businesses combat digital competitiveness. Some critical ways by which they will enable enterprises to thrive include:

  • Operational workflow automation
  • Decision-making process improvement
  • Customer experience enhancement

The entire approach will be data-centric. Hence, developers must learn to integrate technologies capable of examining Big data, predicting business trends, and optimizing operations to increase efficiency and reduce costs. 

No or Low Code Development

All top software development companies implement this to develop and deliver software quickly. So why should offshore software development be left behind? Gartner predicts that low-code/no-code software development adoption will exceed expectations. Almost 80% of companies will adopt this trend within the next few years. 

This approach revolves around integrating graphical user interfaces. Hence, developers can streamline the software development process with minimal effort. Further, it leverages pre-built functions and libraries. Diminishing reliance on coding practices will help software developers accelerate time to market. Businesses can also respond to shifting market trends quickly. 

Don’t undermine the importance of low code/no code development in offshore software development. Learn and implement this technological trend to accelerate your project development. Further, it will also help to streamline workflows and drive innovation.

Decentralized and Remote Teams

Remote work culture for software development will continue to thrive in 2024. A strictly dedicated office environment or centralized management is no longer in vogue. Hence, software development companies can leverage a globally dispersed talent pool, improving the quality of their output. Further, they can expand their software capabilities to meet evolving client demands. 

Remote, decentralized teams require improved communication. Hence, offshore development firms must utilize effective collaborative tools like Slack, Jira, Google Meet, and Microsoft Teams. Implement them to facilitate real-time communication among team members. 

High Demand for Cutting-edge Skills

Technologies like augmented reality, virtual reality, machine learning, blockchain, and artificial intelligence will continue captivating users in 2024. But cutting-edge technology will not be confined only to these. Advancements and further technology introductions will also captivate businesses across industries. Hence, an offshore software development company must upskill their expertise to include them. 

Software Development Security

Data security will remain a top priority. Almost all businesses handle sensitive and confidential personal data. Offshore software development involves working remotely. Hence, they must improve their credibility and authority by adopting the latest security measures. Further, they must ensure compliance with all relevant industry-specific standards. Commitment to such a strong emphasis on data security and confidentiality will endear them to their clients. 

Further, remote software developers can meet high-quality standards by prioritizing data security. Data breaches are a significant source of concern for global businesses across industries. Hence, focus on data security will remain a popular trend in 2024. Offshore software development must ensure this is a priority. 

Conclusion

Offshore software development is synonymous with leveraging the latest tech trends and utilizing cutting-edge technology. However, all industries have undergone significant changes due to rapid technological advancements. Offshore software development companies must evolve to adopt the above trends to stay competitive. This will help them adapt quickly to an evolving and dynamic software development landscape.