Custom Software Design & Development- Why Is It So Productive And Agile For Your Business?
In today’s fast-growing atmosphere, the software has taken every one of us by sweep. The custom software development is the utmost need in today’s urban culture, if not a crucial add-on to shoulder our needs. Besides businesses, the need for software is highly felt by us in day-to-day activities.
In terms of daily activities, Software has changed the way we shopped, traveled, and ate. From booking a cab or accommodation for a holiday trip to placing a food order, the software has got us covered from all angles. And for business, it means a lot too.
It is custom software that has fostered a digital transformation across the industries. According to Forrester, a quarter of all the software industry is custom software development. It witnessed the growth at a CAGR of 33% and reached $136 billion between 2011 and 2015. The growth rate is a precursor to indicate how fast it is estimated to disrupting every industry in the coming years.
However, there are multitudes of factors that fuel this market growth. The figure below depicts the IT spending on various categories of software development. For companies, the foremost necessity is custom software development services that include fast web development, mobile app development, and cloud computing development.
Besides, companies are more interested to gain flexible returns from desktop development, cross-platform development services, and UX/UI design and development as well.
Figure 1 IT spending from 2014 -2019 source- IDC
Factors Driving Custom Software Growth
Owing to easy catering to open-source solutions in the ‘90s, companies turned to custom software development agencies to get custom built software tools specific to their business needs. Ever since the growth trend is on a steady route, and today it is growing larger than the software industry itself.
Off-the-shelf software is another factor that has accelerated the growth of custom software development. As is with ready-to-use software like that of off-the-shelf software, it is more like thrusting the predefined software to the clients and compelling them to adjust to the software specifications and functions while compromising their actual needs.
Today, the core purpose of any software is to improve the customer experience, that custom software design and development rightly does. Also, there are some new technologies and trends that also accelerate the growth of custom software development.
For say, the flexible cross-platform app development, AI based-technologies, machine learning, big data analytics, and blockchain are heavily leveraged by developers to build top-notch and innovative digital solutions for the industry leaders. Simultaneously, we can also suggest the growth of open-source platforms has fostered custom software growth.
So, we can aptly say, custom software is the need of the moment for businesses that want to stand out their customer service and gain a competitive edge over their rivals.
What is Custom Software development?
To understand custom software development, we do not need any detailed description of the term. The name is apt to discern its meaning. Well, to be more specific to the term, it is an individualized and tailor-made software solution designed and built to accomplish specific purposes of an organization instead of its overall aspects.
In terms of its functionalities, custom software solutions offer a new approach to business that is unique and innovative in nature. The capabilities, features, and specifications it harbors no other software solutions like standard and off-the-shelf products can yield.
A large enterprise always opts to have its custom software solutions built by an in-house team. However, small scale businesses have little resources to spend on its in-house team. Rather they can outsource development service from an expert custom software development firm who possesses the right tools and skills to run the project lifecycle from scratch and finish it on time.
Similarly, the large enterprises’ in-house software team may not have all the necessary expertise to develop a tailor-made project using the right technologies. Sometimes, they require overlooking their current projects and paying attention to the custom needs of the business.
This leads to project delays and does not yield the high-end product. In such a case, it is indeed crucial to outsource custom software development services .
So, as you choose the custom software solutions, it helps you develop a high-profile product that fulfills your company’s needs and boost your ROI.