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Computing software plays an essential role in almost every sector of the digital age, but the process of efficient software development still faces several challenges. Effective software development methodology can be the difference between the success and failure of a software project. This research aims to evaluate the overall impact of Agile Software Development (ASD) on the individual, organizational, software development, and project management dimensions. For this purpose, we surveyed several software development professionals from a variety of backgrounds (experience, location, and job ranks) to explore the impact of ASD on the IT industry of Pakistan. Our analysis of the collected information is two folds. First, we summarized the findings from our surveys graphically clearly show the opinions of our survey respondents regarding the effectiveness of the Agile methodology for software development. Secondly, we utilized quantitative measures to analyze the same data statistically. A comparison is drawn between the graphical and statistical analysis to verify the reliability of our findings. Our findings suggest the existence of a strong relationship between effective software development and the use of Agile processes. Our analysis shows that the job fit of software development professionals and ASD are critical factors for software development project success in terms of cost, quality, stakeholders satisfaction, and time. Although the study focuses on the IT industry of Pakistan, the findings can be generalized easily to other developing IT industries worldwide.