Software Engineering Insights

“A typical cross-border payment takes three-four days to complete.”

“On average, it costs 7% to send money internationally.” 

“85% of global transactions use cash and U.S. retail businesses lose about $40 billion annually due to the theft of cash.”

Online shoppers who view demo videos are 2x more likely to purchase a product. Videos are certainly one of the most sellable contents online and marketers are making the most of it. 

The digital voice assistant market is projected to experience continued expansion in the coming years, with the number of voice assistants in use increasing from 3.25 billion in 2019 to around 8 billion by 2023.

Chatbots have been the most followed trend. These mini software programs that mimic human conversation are appreciated for sorting a number of tasks for businesses and as well as their customers. That is why it is predicted that by 2020, 25% of the customer service operations will be managed by virtual customer assistants, such as chatbots.

Running an e-commerce store means competing with hundreds of existing online marketplaces out there. No matter how great your product is, getting traffic, leads, and conversion is tough initially.

In the age of digitization, there is hardly a business that goes without having a software application. Be it for supply chain management, handling operations, administration, analytics, or customer satisfaction- there is software for almost every chore within a business.

Robotic Process Automation market is expected to have a revenue of $1.5 billion worldwide in 2019. Forecasts predict continued growth in the coming years with the market value set to reach three billion by 2022. - Statista

Businesses swear by the benefits of outsourcing. While the idea of hiring talent, borrowing skills, and improving efficiency has been there for long, businesses can now utilize the concept for maximum productivity and ROI. Thanks to the innovative ODC models that exist!

By 2021, the market demand for app development will grow at least 5 times faster than IT capacity to deliver it, predicts Gartner. In the first quarter of 2019, app stores host around 3+ million mobile apps. This number continues to rise and consequently, programming communities look out for new modes to cope up with the mushrooming requirement to build mobile apps.

Cloud is rapidly overtaking the traditional IT infrastructure. For scalability, security, and cost-effective solutions, enterprises swear by cloud computing and are opting for cloud migration to avail of the endless benefits that it brings. In fact, studies suggest that the global cloud migration market is expected to grow from $1961.44 million in 2016 to USD 8678.73 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.67%.