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October 2018
Software Product Development
Sectorwatch
Software development continues to grow rapidly with new types of technologies constantly emerging. Custom software development has seen a significant increase in recent times, brought on by growing demands of businesses to develop customized software to meet specific requirements. Software development trends in 2018 that will continue to dominate in years to come are AI, Blockchain technology, cybersecurity, among others.
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 exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants
