Agile methodologies offer several benefits in software development, including increased flexibility and enhanced collaboration. By breaking projects into smaller, manageable increments and employing iterative cycles, teams can adapt to changing requirements and receive frequent feedback from stakeholders. This promotes transparency and continuous improvement. Agile also emphasizes cross-functional teams, fostering collaboration among developers, testers, and product owners. Overall, agile methodologies help teams deliver higher-quality products more efficiently and meet customer needs more effectively.