Custom software development can benefit virtually any type of company. Big tech companies like Google and Amazon might come to mind when you hear this phrase, but tech giants aren’t the only beneficiaries of the service. As technology advances and industries bloom, companies could get left in the dust if they don’t adapt quickly.
In this blog, we’ll discuss what types of businesses can benefit from custom software and how they can get started.
Global spending on healthcare is expected to grow 5.4% annually as consumers make the swap to digital health solutions. The healthcare industry consists of three main branches: services, products, and finance and includes nursing, drug and medical equipment, and health insurance. With sensitive data and regulations to uphold, a paperless custom software solution is the best option to increase security and organization.
3 out of 4 people globally have used a fintech service. These services include mobile banking applications, PayPal, Venmo, etc. FinTech allows consumers to stay connected to their financial institution from afar. These solutions are convenient, but financial institutions are 300 times more likely to get hacked than anything in another industry. Custom software provides enhanced security and transparency to consumers.
There are almost 1.5 million real estate agents currently working in the United States. Their job is to work with clients to buy/sell homes, lease spaces, and find property. With the advancement of technology, 41% of buyers have made a purchase without visiting the physical property. Tailored mobile applications can help to easily stay in contact with clients, complete paperwork, and manage properties.
Revenue for construction and design software is expected to grow around 4.5% annually. The construction industry involves building, maintaining, and repairing physical structures. As the industry grows with 3D printing, robotics, and machine learning, custom software allows for better workflow and collaboration among employees.
Since 2018, professional service firms have generated over $2 trillion in revenue. Professional service firms include many different professions like lawyers, engineers, advertising agents, architects, and accountants. Custom software can be built for each type of service to better interact with customers and educate people about their services.
Consumers today expect to access entertainment at the press of a button (or the tap of a finger). Applications like Netflix and Hulu are getting more downloads everyday, and each download includes customized menu options for every consumer. Custom software gives entertainment applications flashy designs and an interactive interface, unique to each user.
Retailers include any company that sells products to the public. By the end of the year, e-commerce sales are expected to grow by 30%. Software solutions for retailers include mobile POS systems, inventory management, and digital rewards programs. A customized approach can improve the function for individual retailers and increase the loyalty among customers.
Custom software can benefit more industries than you probably thought. Unique solutions provide personalized approaches and greater functionality for businesses. Here are 5 examples of custom software that are in use today. A tailor-made approach can easily be measured and evolved as time passes.