+55 11 2395-0773
June 28 , 2023

Software development for various business niches

According to Statista, the revenue in the global software market is expected to grow by US$650 billion in 2023. There are several drivers of the market: digitalization, increasing demand for automation of business processes, and surge in data volume. Currently, the global digitalization strategy is aimed at expanding and improving IT solutions and ensuring cybersecurity of information systems.

The top 10 IT companies in the world generated about 500 billion US dollars in 2022

Article content:

➩What is the most popular technology stack in 2023?

➩Cloud solutions are our future

➩Companies' expectations from development

➩B2C and B2B industry solutions

What is the most popular technology stack in 2023?

Nowadays no company can operate without corporate software. Any business, from startup to enterprise needs instruments to manage its processes, keep employees efficient, and track revenue.

In 2023, B2B and B2C businesses are challenged to find new ways to improve operational efficiency while accelerating digital transformation. These goals can be achieved through:

There are a lot of solutions and software offered in the market and their growth and development will continue. Among this variety of options an entrepreneur might face a question: What tech stack for business software development should you pay attention to to have a competitive advantage in the market in any industry? According to a Gartner study, experts highlight several important aspects.

Which technology you should pay attention to when developing software

In 2023, companies no longer ask themselves whether or not to switch to proprietary software, their top priority is to go through this transition efficiently and without disrupting the existing workflow.

Cloud solutions are our future

According to Statista, in 2023 the global cloud services market is expected to show growth of 21.7 percent, which amounts to approximately 597 billion U.S. dollars. Nowadays cloud infrastructure supports data analytics, Machine Learning (ML) models, Artificial Intelligence (AI), Internet of Things (IoT), and Business Intelligence (BI). Today experts forecast 200 ZB of data to be stored in the cloud by 2025.

A future-proof SaaS solution is a profitable investment to avoid additional costs of every new upgrade

The advantages of the SaaS model for businesses are its relatively low cost, quick implementation, high performance and adaptability, and the ability to give access to all employees in any location.

While it can take quite some time for companies to migrate from on-premises to cloud-based versions, it is a worthwhile investment to provide flexibility and avoid additional costs on each upgrade, especially for the B2B segment. IDC analysts note that companies that don't utilize such industry-specific wholesale solutions may incur losses and lose their competitive advantage.

AGORA accelerates setup through a modular approach, reduces costs on implementation, facilitates integration and scales quickly. The platform-based solution architecture allows customizing an enterprise solution for different business areas: retail, procurement, industry and banking processes.

Companies' expectations from development

Before 2020, only large and medium-sized companies opted for customized development. However, the Covid crisis stimulated interest in software development and investment in this area, regardless of the size of the company, and the need for digital transformation will continue in the coming years.

customer requests an MVP project development

According to experts, if a client requests the development of an MVP, as a result he wants to obtain a reliable and complete solution with all the necessary basic functions that makes the transition fast with minimal cost and replaces the software that no longer meets the client's business model. AGORA is a powerful e-commerce solution based on our own B2C and B2B platform. This solution is reliable for the e-commerce portals development, because it is repeatedly tested in terms of API integration. For example, with the out-of-the-box solution your own marketplace website will be launched quickly (in 2-4 weeks), for you to test business hypotheses effectively. It is introduced into real market conditions immediately after the launch and is easily scaled. If necessary, you might request to add other ready-made business modules or an integration via API.

It is also important for companies to have an opportunity to request software customization or additional technical support and meet requirements of any niche and business process, whether it is the automation of medical institutions, the digitalization of healthcare, software development for enterprises or for the energy sector. Not any solution can offer such opportunities: often professionals involved in software development for industry do not have experience in e-commerce. AGORA offers a full range of services in any business area with a focus on B2B.

B2C and B2B industry solutions

Among the main advantages of B2C segment, we can mention the long-term relationship with customers, the higher average ticket, better chances of upselling, scalability and greater revenue predictability.

Regarding the disadvantages, the main challenges are the need for great acquaintance with the buying company, having to deal with different decision makers, more complex sales process, longer sales cycles and more demanding customers.

On the other hand, the main advantages of B2C are simpler sales process, greater frequency of purchases, the presence of the emotional factor and a broader market, depending on the niche.

On the other hand, some of the disadvantages of B2C are the short-term relationship (and, consequently, the ease that the customer has to opt for another company), lower average ticket and reduced budget predictability.

What is SaaS for B2C and B2B? SaaS is the acronym for Software as a Service. This way IT companies provide cloud software as a service under subscription to other companies. Thus, you can request your own marketplace to be created in accordance with your business needs and manage your project without a team of in-house developers, because AGORA undertakes all the technical aspects and offers its infrastructure to make your project our success story.

AGORA professionally tailors projects in accordance with industries requirements and business needs based on our experience

To help optimize your B2B and B2C business, you can rely on AGORA's solution to improve your team’s productivity, automate the workflow and increase visibility for sales teams.

The global IT market started to develop earlier and faster. Now the market offers advanced cloud technologies, experiencing a development leap now. If you would like to optimize processes, reduce your corporate costs, increase sales and gain additional competitive advantages for your company, please leave a request or contact our team.

Also read