Software industry and software development
As an integral part of the IT market, the software industry has seen rapid growth in recent years. Despite the temporary decline brought about by the coronavirus (COVID-19) outbreak in 2020, the market is set to retrieve the growth trajectory in the foreseeable future. As the creative engine of this ever-evolving industry, software development plays a vital role; tech companies spend exponentially on research and development, with Adobe allocating over 2.5 billion U.S. dollars on R&D new software products and improving current ones. For instance, Adobe spends exponentially on research and development. Software developers are among the most generously paid for their work in the United States, among other professions.
Types of software development
Depending on the software type, there are several types of software development. One of the most common types is application development, which develops software applications that perform specific tasks on PC operating systems. With the growing ubiquity of smartphones, mobile app development – the process of developing a mobile app for mobile devices – is also becoming popular. Most developers work with both Android and iOS mobile operating systems, while others work exclusively with one of the two primary mobile OS. Another popular type of software development is web development, which involves developing websites for the internet or an intranet (a private network). Application programming interface (API) development and embedded systems development are some of the other software development types.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
Lionel Sujay Vailshery
Research expert covering the consumer electronics industry