The Software Development Market size was registered at $392.56 billion for 2020 and is expected to grow to $640.78 billion by 2025 at a CAGR of 10.9%.

   Artificial intelligence (AI), IoT, and blockchain are the software trending in 2020. Python is becoming the most popular programming language and is fastest growing language. The AI development is on the rise, ever since then python is expected to continue its dominance in near future particularly for impressive innovations including ML-powered chatbots.

Top key players of market are IntellectSoft, ScienceTech, Zco, Intetics Inc., Intel, IBM Corporation, Bornfight, Smbirsoft, MLSDev and Oracle.

     Oct 2020, IntellectSoft launched its new development -The new product will be deeply integrated with Apple devices, making it easy to track lost items on iPhone or iPad. All you will need to do is to attach the tile tracker to your keys, passport, bag, or even a child’s toy – and you will be able to locate the object accurately. Not only has Apple been working on making tracking as accurate as possible with UWB technology, but it is also believed to be integrating AR features into the new tracking tag. The rumor has it, and AR technology may appear as an air balloon floating above the pinpoint location of an item you attach to a new tag.

      Aug 2020- SoftwareWorld included SciencTech in top 30 web design and development companies, one of the leading B2B software review sites, helps users find suitable specialized tools to meet their business needs with the focus on software categories like CRM, marketing automation, and accounting. SoftwareWorld base their lists on unbiased research of user satisfaction reviews, ratings, social media and online presence, and other aspects.

      Nov 2020, Intel and Google Cloud  announced their collaboration to simplify enterprises’ ability to adopt and deploy cloud-first business models using their existing on-prem, self-managed hardware. The two organizations co-developed reference architectures optimized for the now-generally available “Anthos on bare metal” solution. Targeted at data center and edge computing use cases, customers can leverage the reference architectures to rapidly deploy enterprise-class applications on their existing hardware infrastructure and efficiently handle complied hybrid- and multi-cloud tasks.

     Segmentation of market on the type includes Cloud Based, On-Premise. By application it includes Large Enterprise and SMEs. Based on region market has spread over North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Software Development Services. Europe also plays important roles in global market in coming years.

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