Software development has become more of a competitive market than it has ever been. A shortage of useful employees and an overabundance of doe-eyed, gold rushing, “business owners” have led to an obvious break in the ability of the market to sustain as is for much longer.
Software Product Development For Profit: 2019 And Beyond
The market has been flooded with inferior products. Not only in the sense of doing something inadequately or at best pretty well, but as well as overcharging and partaking in manipulative business practices. There is an observable attitude of arrogance that has festered into a culture of greed. The only way to understand where we have been in this case, is to look toward what it means in the future.
In this brief post, we intend to do just that, by looking at the opportunity that is the software development market in 2019 and beyond.
The Importance Of Building A Robust Team
In 2019, teams will matter more than ever. ICOs and other startup funding attempt’s success will be based more than ever on both the strength of the product and the team itself. Even the best products never reach their full potential due to incompetent leadership or an inability to adapt.
One of the first things that come to mind regarding the limitations of any Saas company that has had run-ins with fixing issues is their team. The more time spent fixing a problem, the more money lost, and it can cascade quickly into a worse situation.
Building a robust team means more than just a group of people with complementary skill sets. Beyond the technical, marketing, and sales aspects of developing software for business use, it means being able to work well together to problem solve.
The challenge lies in ensuring every new member feels adequately compensated in the short or long term so that they cannot be lured away. As the industry becomes more and more competitive in 2019, the budget will matter less than having a team that can last and commits to doing whatever is necessary.
What Areas Are Likely To Explode In 2019
When looking at software product development opportunities, it means looking beyond the immediate trends. It means isolating opportunities that can potentially be long-term chances for growth.
One example on the list is blockchain based projects. With the lucrative albeit rabid fanbase of blockchain as a development platform for technology the biggest impetus that many have is the complexity of the tech itself.
The need to source or hire blockchain developers as well as those that understand the usefulness can seem a barrier, but its a qualifier for those that are meant to be involved.
Blockchain tech is the future because of its ability to be flexible in terms of how well it works and for what it works well with in terms of practical capability.
Beyond blockchain, mobile will continue to be a major market for software product development.
And finally, the area of project management software services for industrial sales to corporate clients will continue to be shaken up as products like Microsoft 360 take a stronger foothold in areas normally reserved for Salesforce and other more established products.