In this data set, we've ruled out overly small sample sizes to avoid overstating spikes and slowdowns within the listed industries. That said, there were some surprises when it came to industry shifts in app development demand from 2021 to 2022.2021-2022 Growth by Industry
led the pack with a 2,500% increase in software development demand from 2021 to 2022. There's a simple explanation for this, which is that unemployment dropped from 6.3% to 3.9% during 2021, leaving HR departments with new headcount to manage and a lack of quality tech to support their efforts. With unemployment basically flat in 2022, we wouldn't project a similar spike from 2022-2023.
We're generally encouraged to see that demand for app development increased in 2022 within industries that are historically slow to invest in software, such as non-profit
, and government
. We'll expect more of these industries to show up in 2023, as legacy sectors are the worst-served industries by existing low-code and digital transformation solutions.
Finally, it will surprise nobody that crypto
saw a 650% boost on the back of its Q1 2022 hype cycle. It likely would have topped this list if it had maintained its pace throughout the rest of 2022.2021-2022 Slowdowns by Industry
As a startup that enjoyed rapid growth
in 2022, we were fortunate enough not to see reductions in demand in any
industries from 2021-2022. However, some sectors did grow more slowly than others.
Although they were in high demand overall throughout 2022, consumer
, and real estate
didn't make much of a leap over their 2021 levels, indicating that they may be evergreen presences in this report.