Software

Top 5 Trends in the Software Industry for 2024

Increasing numbers of software publishers now develop -- and charge users for access to -- programs in the cloud. Below we list in order of increasing importance this year’s five Software trends having the greatest impact on the industry and its customers. (We earn no compensation from the links herein.)

5. DevOps & Continuous Integration/Continuous Deployment (CI/CD)

DevOps (software development and operations) brings together those who develop software with those who implement and maintain it in order to improve the management of revisions. CI/CD automates the process of developing and deploying incremental code changes as the code passes predefined tests. Together, DevOps and CI/CD speed releases and improve quality. While important for operational efficiency, the trend has less impact than some of the transformative technologies listed below.
  • GitLab: The leading DevOps platform.
  • Jenkins: Operates an open-source server that automates CI/CD processes.

4. Low-Code/No-Code Development

Low-code/no-code platforms allow people with little or no programming expertise to create apps, thereby saving money and time. In that regard this trend is significant, but the tech is mostly constrained to simpler apps.
  • OutSystems: Maintains a widely-used, powerful low-code platform.
  • Microsoft Power Apps: Uses a point-and-click approach to appdev; integrates with other Microsoft services.

3. AI/ML Integration

Integrating these capabilities into an app can materially enhance its abilities to automate functions and predict outcomes, particularly impactful in the case of business intelligence (BI) apps.
  • TensorFlow: TensorFlow’s open-source ML platform provides a comprehensive ecosystem for building and deploying AI models.
  • IBM Watson: Leverages ML to extract insights from large data sets, enhancing business decision-making.

2. Cybersecurity Enhancements

The cybercrime business is booming. As a result, software apps must increasingly incorporate robust security measures, placing this trend near the top
  • CrowdStrike: Provides cybersecurity solutions that use AI to detect and respond to threats in real-time.
  • Palo Alto Networks: Protect networks, endpoints, and clouds from sophisticated cyberattacks.

1. Cloud-Native Applications

Cloud-native apps bring scalability, flexibility, and cost-efficiency to the business of software development. We rank this trend highest due to its fundamental and beneficial impact on how software is developed, deployed, and managed.
  • Amazon Web Services (AWS): Operates a suite of cloud computing services used to develop cloud-native apps that offer scalability and flexibility for varying workloads.
  • Kubernetes: Offers an open-source platform for managing the automated deployment, scaling, and operations of app containers across multiple.
Digital marketing vendor NuWorld Marketing retained a Kuhn Capital team member to initiate its acquisition by Valassis
$75,000,000
HR compliance applications vendor Hotlink retained a Kuhn Capital team member to initiate its acquisition by KPA
$18,000,000
Government ERP app vendor IDC retained Kuhn Capital team members to initiate its acquisition by CDC Software
Energy industry software vendor Fortegra retained a Kuhn Capital team member to initiate its acquisition by Black & Veatch
Powel ASA, energy industry software vendor, retained a Kuhn Capital team member to initiate its acquisition of Minimax
Kuhn Capital provided strategic advisory services to Utility Partners, vendor of utility industry WMS software