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Web Development
Web development is a broad term for the work involved in developing a web site for the Internet (World Wide Web) or an intranet (a private network) . This can include web design, web content development, client liaison, client-side/server-side scripting, web server and network security configuration, and e-commerce development. However, among web professionals, "web development" usually refers to the main non-design aspects of building web sites: writing markup and coding. Web development can range from developing the simplest static single page of plain text to the most complex web-based internet applications, electronic businesses, or social network services.
A web developer is responsible for programming the functionality of a web site. So while a requirements analyst is tasked with determining what a web site should do, the web developer figures out how it is going to do it and then writes the necessary programming code.
Software Development
Software development is the act of working to produce/create software. This software could be produced for a variety of purposes - the three most common purposes are to meet specific needs of a specific client/business, to meet a perceived need of some set of potential users (the case with commercial and open source software), or for personal use.
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