Technology Trends in Software Development Change is the only thing that hasn’t changed during this period. Technology advances every two to three years, so it’s critical for professionals in the field to remain updated if they want to advance quickly in their careers.
Let’s get started by talking about the technologies that will be popular in 2023.
Top 10 Trending Technologies
- AI and Machine Learning
- Cybersecurity
- Metaverse
- Devops
- Full Stack Development
- Blockchain
- Cloud Computing
- Hyper Automation
- Data Science
- Business Intelligence
AI and Machine Learning:
The most revolutionary technology of the present will continue to be AI and machine learning (ML) this year. Considering a marketing initiative?
Your AI assistant will naturally divide up your audience into categories so that you can send them more tailored messages and obtain better response rates. The IHS analysis states that only 8% of new vehicles had AI-based technology installed as of 2015; by 2025, this percentage is predicted to rise to 109%.
In the US, AI engineers often make over $110K a year. The typical annual compensation for an entry-level AI engineer in India is close to 8 lakhs. An accomplished AI engineer may make up to $1 million annually.
This technology is what the future will hold. Also, there is an urgent need for skill sets in these fields.
Technology Trends in Software Development Cybersecurity:
Global cybercrimes are growing at an even faster rate in the quickly expanding tech sector, where new tech trends emerge periodically. According to a recent McAfee analysis, there has been more than $1 trillion (about $3,100 per person in the US) (about $3,100 per person in the US) in damages due to cybercrime worldwide.
There is an urgent threat, extremely high stakes, and a shortage of highly educated and qualified cyber security specialists to satisfy the need.
Because of this, businesses are willing to pay highly skilled cybersecurity workers substantial incomes. For this reason, upskilling in cybersecurity might be the finest investment you can make right now.
In India, the average annual compensation for cyber security professionals is INR 7,00,000, while in the US, it is $115,867.
Metaverse:
People can connect with friends, make and play games, work, and shop in the metaverse, which is a network of interconnected, immersive virtual worlds.
Tech giants have already begun to provide metaverse-like experiences, including virtual runway shows, live concerts, and workspaces. Students can learn everything more thoroughly by using the metaverse, which can provide a realistic approach.
Research claims that over the course of the next five years, Facebook will use the metaverse to generate about 10,000 new jobs.
The market size for the metaverse will be between $2 to $12 trillion (about $37,000 per person in the US) (about $37,000 per person in the US) in the future, according to a Goldman Sachs prediction.
Devops:
The collaboration of the development and operations teams is the essence of DevOps. The DevOps ecosystem has seen substantial changes that set it apart from other technological developments. DevOps is becoming a fascinating field to work in both now and in the future because of new methods, technology, and trends.
There are 18,000 or more Devops jobs available in India, according to Indeed.com, and there are 144,000 or more jobs available in the US, according to LinkedIn.
In India, a DevOps Engineer can make up to 28 Lakhs annually. A DevOps Engineer may make up to $145,000 in the US.
Full Stack Development:
Due to their proficiency across a wide range of disciplines, full-stack web developers may efficiently undertake the workload of 2-3 engineers. A software specialist who is equally skilled in front-end and back-end development is known as a “full stack” web developer.
Since 2015, the need for full-stack web engineers has grown annually by 35%, according to a LinkedIn report. By 2024, the number of jobs available for these experts is expected to rise from 135,000 to over 853,000, according to a different analysis from the US Bureau of Labor Statistics.
In India, a full-stack web developer with experience may expect to make between 16 and 20 lakhs per year.
In the US, a full-stack web developer makes an average salary of $109,393, according to Glassdoor.
Blockchain:
Applications for blockchain go well beyond cryptocurrencies like bitcoin. According to Gartner, the value that blockchain will bring to business will increase quickly, hitting $176 billion (about $540 per person in the US) by 2025 and $3.1 trillion (about $9,500 per person in the US) (about $9,500 per person in the US) by 2030.
In India, a blockchain developer makes an average annual salary of 8 lakhs. A blockchain developer with 5-7 years of experience in the field might anticipate earning close to 45 lakhs per year. In the US, the typical compensation for a blockchain developer is $136,000.
Cloud Computing:
Using cloud services is now required. One must embrace the cloud and make a commitment to updating their IT if they want to stay competitive. The cloud is being used by healthcare organizations to create more individualized patient treatments. Companies that provide financial services are utilizing the cloud to support real-time fraud prevention and detection. Also, online games are distributed to millions of players worldwide by video game developers via the cloud.
Depending on their position and level of competence, cloud architects in India might earn anywhere from 10 LPA to 20 LPA. The usual wage range in the United States is $119,908 to $140,836.
Hyper Automation:
To automate as many corporate activities as feasible, hyper automation uses a variety of technologies, including artificial intelligence, machine learning, and automation technologies including robotic process automation and natural language processing.
Knowledgeable technologists make an average salary of $127,000 in the US and 28 lakhs in India.
According to Gartner, by 2024, companies will deploy at least three of the 20 pieces of software that enable hyper-automation because of the push for hyper-automation.
Data Science:
It’s no surprise that Data Science is included on this list of hot technologies. Data science is a desirable career choice because of the increasing growth in data. To find patterns in the data, data scientists gather the data, clean it, and then create models and algorithms.
Data scientists are ranked as the third best job in technology by US News, and as the sixth greatest profession overall. Since 2012, the number of jobs in data science has increased by 650%, and by 2026, another 11.5 million jobs are projected to be created.
In the US, the average yearly compensation for a data scientist is a staggering 111,000 dollars, whereas in India, it is 11 Lakhs.
Business Intelligence:
A pool of unusable data is transformed into useful knowledge via business intelligence, which then inspires decisions and activities that have a beneficial effect on the bottom line.
The most cutting-edge and prosperous businesses in the world use the power of BI, from financial organizations like American Express to social media behemoth Facebook.
Power BI developers with experience have tremendous earning potential. A BI expert makes an average annual income of $9 lakh in India and $134,000 in the US.
Finishing up:
When it comes to technology, there is always something new to look forward to. It is always intriguing to see what the top new technological trends will be in 2023 and expected to be a significant year for innovation, with a few new goods and services expected to make their debut.
So, the technology sector presents a wide range of possibilities for you, whatever your hobbies. If you remain on top of things and go with the flow, you will succeed. There is no denying that technology is ever evolving. What was once cutting edge might quickly become dated. New technical developments will appear throughout time.