The custom software development industry is going through a growth spurt. Enterprises that realize out-of-the-box solutions do not meet their needs through acquisition and implementation save themselves more time and money in the long run. TheStreet wrote an article that details the “major shift taking place in enterprise-level software development as companies are looking toward using custom software instead of the prepackaged variety, according to a recent survey.”
It’s projected that $335 billion will be spent in 2015 on Information Technology spending alone; with $107 billion of that being spent on application development and support, according to Gartner’s ITWorldwide IT Spending Forecast. The top reasons cited for leaning toward custom software solutions included the efficiency of that type of software, the purpose-built design, and the ability of the company to make updates and enhancements with continuous delivery. CEO and president of Appian, Matt Calkins, notes that “72% of IT professionals acknowledge that traditional solutions are too slow, and this prevents them from infusing their companies with digital business innovation.”
IT decision-makers in the Spending Forecast in the enterprise do have some concerns toward custom-developed software solutions, stating that they have had difficulties when building, implementing and maintaining custom software solutions from legacy technology providers, with costs and security compliance as the top challenges.
The industries that stand to gain the most from custom software integration are the finance, manufacturing, healthcare, and telecommunications. Enterprises do see the benefits of switching to a more modern, cloud-based, application platform since the time and cost required to build, deploy, and maintain custom software solutions is less than working against out-of-the-box solutions.These same IT decision-makers revealed that their companies are in the process of moving to a cloud-based application development platform with 26% saying their company had already made the move and another 15% saying the transition would happen within the next five years.