So who is going to be the next game-changer? As always, time will tell. But pivotal cases like OnlyFans, Airbnb, Uber, WhatsApp keep emerging and changing the ground rules for their industries. A lot of other entrepreneurs try to replicate success cases in an attempt to grow the next unicorn.

According to recent market research, global spending on digital transformation is projected to reach $2.39 trillion by the end of 2024, showcasing the increasing importance of software development across various industries. The number of tech startups worldwide has increased by 27% over the past year, reflecting a robust ecosystem where innovation and technology drive growth.

Today we want to talk about industrial domains which are on the rise and invest heavily in top-notch software.

1.  EdTech

Covid unraveled the potential of remote learning that has been gradually formed over the last decade. Edtech trends show the strong inclination of this industry towards comfortability and personalized approach along with a growing exposure to digital life. Advances in edtech triggered the democratization in the education industry – more and more learners started to gain access to better educational experiences online.

IDORECALL is a remarkable case we are proud to have in our portfolio since 2019. It is a platform providing spaced-repetition flashcards linked to the concepts and facts every learner creates independently to cover his particular educational goals. Working on IDORECALL since 2022, the Hygge team dedicated 17,700+ hours and 9 developers to the development and support of the platform. We can safely say that IDORECALL is unmatched in terms of the science-backed features the platform provides for self-education, both personal and in groups, and remains the leading tool in its niche.

2.FinTech

The recent fintech boom increased consumer expectations and technical complexity for newcomers who want to enter the big game. From banking infrastructure to personal finance apps, the main requirements are scalability, security, and pixel-perfect UX/UI.

JavaScript is definitely in the TOP-5 of programming languages used to build fintech applications. Hygge’s experience in fintech apps built on JavaScript perfectly represents EARNEO, which is one of the most sophisticated cases we have in the portfolio. EARNEO is a video-sharing platform using blockchain technology, where everyone can be rewarded with cryptocurrency for watching or uploading videos. Through 2022 we have built many pivotal features, including auto-pay, earnings calculator, search optimization, recommendations algorithm, referral program, and much more.

3.Logistics

The general economic downturn urges companies from various industries to focus on effectiveness. Transportation & logistics, which are managing complicated supply chains, have been keeping up with this trend.

In order to automate warehouses and optimize logistic routes, companies invest in the tailor-made supply chains and logistic platforms enhanced by data insights, predictive functions, and alerts. We developed a bespoke CRM for a US-based aviation company operating 150+ aircraft as of January 2024. This is one of our long-term clients (the name under NDA) who trusts us with the development of key features and support of the existing functionality of the platform from 2019.

4. Healthcare

The healthcare industry has seen a significant shift towards digital transformation, driven by the need for more efficient patient care and management systems. Telemedicine, electronic health records (EHR), and AI-powered diagnostics are some of the key areas where software development is making a profound impact.

For example, the integration of AI in diagnostics can predict patient outcomes with a higher accuracy rate, thus improving the overall quality of healthcare services. Companies are heavily investing in secure and scalable solutions to ensure patient data privacy and compliance with regulations like HIPAA.

5. eCommerce/Retail

The eCommerce and retail sectors continue to evolve rapidly, with a growing emphasis on personalized shopping experiences and efficient supply chain management. The use of big data analytics, AI, and AR/VR technologies is transforming how consumers interact with brands and products online.

Personalization engines that recommend products based on user behavior, AR applications that allow customers to visualize products in their space before purchase, and efficient inventory management systems are some of the areas seeing major investments. The goal is to enhance user experience and streamline operations to meet the rising consumer expectations.

6. Manufacturing

Manufacturing is undergoing a digital revolution with the adoption of Industry 4.0 technologies, including IoT, robotics, and AI. Smart factories are becoming the norm, where interconnected machines and systems provide real-time data to optimize production processes and reduce downtime.

Predictive maintenance, which uses data analytics to predict equipment failures before they occur, is becoming increasingly important. This not only saves costs but also ensures uninterrupted production, enhancing overall efficiency and productivity in the manufacturing sector.

7. Real Estate

The real estate industry is embracing technology to streamline property management, enhance customer experiences, and facilitate transactions. Virtual tours, AI-driven property recommendations, and blockchain-based transaction systems are some of the innovations gaining traction.

PropTech solutions are helping real estate companies provide better service to clients by automating processes and offering detailed analytics. This shift towards digital tools is not only improving operational efficiency but also making the real estate market more transparent and accessible.

The worldwide need for software development is increasing from year to year, with industries investing heavily in cutting-edge technologies. EdTech, FinTech, Logistics, Healthcare, eCommerce, Manufacturing, and Real Estate are leading the charge, driven by the need for innovation and efficiency. According to Gartner, worldwide IT spending will reach $4.5 trillion in 2024, highlighting the significant investments being made in digital transformation.
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