5 Remarkable Software Development Statistics You May Have Missed
There are several remarkable statistics, trends, and insights to keep in mind throughout 2022. Software development has remained a highly technical, revolutionary, and innovative industry for years. This is especially true in 2022, with more programmers embracing machine learning (ML), artificial intelligence (AI), and big data solutions. These technologies continue to change the future of work for application engineering teams around the world. As a developer, you need to understand the various breakthroughs that impact this dynamic market. This way, you’ll be able to appreciate how these software development experts bring immersive, engaging, and feature-rich apps to market. To get started now, read the remarkable software development statistics you might have missed.
Employment Growth Projections
With a continued demand for powerful digital products, there is a growing need for experienced software developers in the technology workforce. Job growth for programmers is expected to remain at over twenty percent for the next seven years. Compared to other professions, the job growth for promoters is really significant. In 2022, approximately 1.3 million tech professionals will work in this space. On average, these software experts earn an hourly salary of around $58, which equates to an annual salary of over $120,000. Certainly, software development professionals should familiarize themselves with the various employment growth statistics in the field.
Software security prioritization
In 2022, more and more software development teams are making application security a top priority. According to recent data, more than thirty percent of programming teams have a dedicated department solely responsible for security oversight and quality assurance (QA). These professionals know exactly how to react if a security breach, exploit, threat or breach is discovered. They can defend enterprise software against malicious code, misconfigurations, encryption flaws, or coding errors. Additionally, they can run penetration tests, static security scans (SAST), and configuration audits to enforce security protocols. Certainly, there are several notable industry statistics related to software security prioritization.
Evolution of the demographics of engineers
This year, the average demographic of software developers is also changing seriously. In the United States, over 80% of software engineers are male, which means less than 20% of the entire workforce is female. Globally, women make up roughly a quarter of the international programming workforce. When it comes to age demographics, nearly half of developers fall into the 25-34 age bracket. Slightly younger programmers, between the ages of 18 and 24, make up about twenty percent of the workforce. Indeed, the changing demographic of engineers is a major software statistic to consider in 2022.
Project Cost Trends
More so, several remarkable software development statistics regarding project cost have been reported. On average, software applications cost around $35,000 and six months to build from start to finish. This comes at a cost of approximately $6,000 per month, depending on system complexity, requirements, and labor. Of course, about twenty-five percent of projects cost upwards of $55,000 to fully develop. This is especially true for immersive, feature-rich, and personalized software applications. There are also post-deployment maintenance costs that need to be considered. Often, software support, continuation, and monitoring cost around twenty percent of the initial build. Absolutely, consider the latest revolutionary trends in project costs.
New major operational challenges
Software development companies face several barriers, obstacles and operational challenges. According to more than fifty percent of programming companies, adapting to changing user and customer needs is their biggest obstacle. About fifteen percent of respondents believed recruiting and hiring the right talent was the biggest threat to their operations. Since performance management and monitoring is difficult for businesses in all industries, it has plagued the software field as well. That’s why another seventeen percent of programming companies consider ongoing performance optimization and management to be their biggest issue. Clearly, software publishers are facing major new operational challenges in 2022.
There are several remarkable statistics that you may have missed in 2022. First, there are many moving statistics related to job growth in the field. Additionally, many software developers are changing the way they conceptualize and prioritize security. There are also serious shifts in the demographics of the average software engineer. It would help if you familiarized yourself with the latest trends in project cost as well. Plus, learn about the top operational challenges facing today’s leading development companies. It also caused waves in the computer industry. Follow the highlighted points above to learn more about the notable software development stats you might have missed.
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