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July 2018
Software Product Development
Sectorwatch
Software development in 2018 will be extremely interesting because the strong growth of new technology is expected to continue to support the industry. Already, we are seeing an emergence of trends in software development ranging from cryptocurrency, virtual reality, mobile computing, artificial intelligence, and blockchain. These rapid technological development increases the demand for the services of developers who will play a vital role in all domain.
Industry Trends:
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation
