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Dr. Vivian Fang is the Professor of Accounting at the Carlson School of Management, University of Minnesota. Her recent research has studied managerial myopia, financial fraud, social media disclosure, and cryptocurrencies.
Software development, in simple terms, is a set of computer science activities performed with the purpose of creating, designing, deploying, and supporting software. Such software can be system software, programming software, or application software. It is a broad field and companies require many professionals to develop software for commercial use.
According to Grand View Research, the global business software and services market was worth USD 322.91 billion in 2018 and expected to grow at a CAGR of 10.7% from 2019 to 2025. Evidently, the future is bright for this field and a rapid rise in the volume of enterprise data and automation of business processes across various industries would further drive growth.
Candidates interested in the field of software development can explore their opportunities in various job roles like:
Aspirants starting as Junior Developers can move ahead to become Sr. Software Developer, Lead Developer, Technical Architect, or Development Team Lead. They can also switch from technical to managerial roles like Project Manager based on their interests.
Software developers earn an average annual salary of Rs. 491,354 in India and $104,907 in the US. With experience, they are capable of earning even higher salaries.
With the growing importance of data, software developers are required in many industries like information technology, telecommunications, data analytics, and banking.
Google, Facebook, Oracle, Amazon, Microsoft, Accenture, and IBM are the top companies hiring software developers across the world.