Download PDF

December 2020

Software Engineering

The Custom Software Development industry is expected to grow by $26.74 billion over the next four years, according to Technavio. Cross-platform development tools, the rapid rise of AI and machine learning, and the increasing complexity of business processes has driven many companies to custom software solutions. Low-code platforms have seen an increase in demand, as it allows for a collaborative development process between developers and end-users, effectively reducing development times and costs. M&A activity has slightly increased in 2020 when compared to 2019.