Companies are pushing forward with technological inventions, robust security solutions, and digital transformation. The modern market is leveraging general and custom software development to adapt it to current needs.
What is the difference between generic product development and custom software development?
A generic software product is developed according to future updates, basically to keep the generic preferences and requirements of a specific category. As soon as a business requires the solution to be more customizable and unique to resolve specific issues, it must be customized.
Meanwhile, custom software development is about tailor-made software developed according to the time, the budget, and the needs defined by you to serve your specific company needs.
Read this dedicated article on custom software development.
What are the advantages of custom software development?
The development of custom software for your project ensures that the solution will be highly customizable and thoroughly tailored to your individual needs.
Cost-effectiveness concerning long-term investment
Although custom software development is initially more expensive than generic development, it proved beneficial in the long run, as you will be using it without further investments in the future.
High security against external threats
Open-source software is hacked more often than custom-tailored since developers optimize security to minimize vulnerabilities.
Custom software is highly scalable according to your needs in the future.
Custom software is developed to be well integrated with other solutions and tools that your business implements. Meanwhile, generic software often has integration issues and requires extra costs to get compatible.
Quick integration possibilities
Whenever it is necessary to adapt existing software to new tech approaches, custom software is more open for quick and easy integration.
2021 Trends in Custom Software Development
Artificial Intelligence solutions
AI is widely implemented in various applications like chatbots, data analytics, robots, image and voice recognition software, machine learning algorithms, etc.
Banking and finance are using blockchain solutions for safety, data processing protection, and operations. Blockchain is also popular in insurance, healthcare, agriculture, trading, insurance, logistics, etc.
PaaS (Platform as a Service)
PaaS is one of the three service models of cloud computing and is aimed to simplify web application development. This model enables programmers to rent everything they need for app development, relying on a cloud provider for necessary tools, infrastructure, and operating systems.
IoT (Internet of Things)
IoT has been consistently adopted in custom software development. As the number of connected devices is expected to exceed 22 billion by 2024, they will leverage IoT’s capabilities to a new level.
SPA’s (Single-Page Applications)
A single-page application is a solution loading only a single web document. With SPA’s, people can use websites without loading whole new pages from the server and get a faster and more dynamic experience.
How Does Software Development Help Different Industries?
Industries are using custom software applications for brand promotion and profitability enhancements. Custom software application development has changed the way companies are bringing their business to the next level. Here’s a quick overview of industries that hugely benefit from custom software solutions.
The COVID-2019 pandemics have significantly accelerated the healthcare path to digital. Health IT, wearable devices, mHealth, telehealth, and telemedicine are currently on the rise and continue to develop at an unprecedented pace. Custom software app development in healthcare and medicine helps both service providers and patients with an improved medical facility, quick service, reduced complexity, and compliance with major industry standards and regulations.
Cybersecurity in the financial industry, speed and reliability of internal operations, and user-friendly fintech solutions are some of the main reasons for investing in custom software development.
Customized software apps in retail enable the industry players to improve customer service and functionality and reduce related operational complexities. Custom applications help demonstrate comprehensive project information, promote products, reach out to customers, and increase sales.
Education and Online Services
E-learning software experienced a significant rise in the new normal due to pandemic limitations. Educational institutions started to extensively use custom applications for single-platform online learning, database management, etc.
Nowadays, consumers prefer to access services with fewer clicks. Entertainment services have gone online and strive for great ease, intuitiveness, and customer convenience.
Significant Reasons Why Outsourcing Custom Software Development Is Good for Your Business
What drives businesses to outsource their software development to third-party companies. There are many reasons behind such decisions, among which are the following:
Outsourced work allows you to cut up to 70% of costs compared to in-house expenditures in Europe or North America.
It takes less time
Your project gets shorter time-to-market with experts working on it around the clock and improves competitiveness.
It’s very flexible
Outsourced projects are very scalable – changes can be introduced whenever necessary without significant losses.
Great professionals on board
Outsourcing opens the international talent pool where you can find and hire professionals for any project you need. You’re not limited to geographical restrictions.
It’s techy and up-to-date
With various people from around the world working on your app, you get access to continuously evolving technological progress and keep up with the latest market trends.
It’s safer and less risky
Outsourcing companies often take full responsibility for developing your project and its safety. They implement all necessary measures to minimize risks associated with custom software development.
How to Choose a Custom Software Development Company
Getting the right outsourcing partner is often an issue for businesses: where to start from, which questions to ask and how to find your perfect custom software development match without spending months on the searches? We have prepared a quick guide on hiring outsourcing software companies that will take you through this journey.
If you are seeking outsourcing opportunities, contact experts at ELITEX – we’ll make sure that your project will be driving profit in the future and meet your expectations.
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