The mobile app development industry is one of the fastest-growing industries at present. There is no room for the mobile industry to get slow down as the technology gets smarter by the time, one can expect great opportunities in the future.
Every organization is inclined towards the latest mobile technology integration to attain maximum growth and reach to wider audience. Mobile phones are seen to be the simplest, yet powerful means to reach millions of users within no time, and the expected revenue that mobile apps are going to generate is massive. The mobile app development industry has been greatly impacted by the advent of advanced technologies – the Internet of Things, Chatbots, Artificial Intelligence, Machine Learning, Blockchain, Augmented and Virtual Reality, etc. These technologies are supposed to continue taking the mobile app development by storm in 2020.
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We would like to share details of the biggest technology trends that are set to impact the mobile app development industry in 2020.
Machine Learning and AI:
When it comes to mobile app development, AI & Machine learning already made an intense impression. There is no stopping with chat bots and Siri now. It will also enable future trends such as automated machine learning, Al-enabled chips and more. According to the International Data Corporation, it is estimated that the market for AI will be at $40 billion by the year 2020. Off late more sectors are working towards the goal to have the system integrated together with human intelligence.
Internet of Things (IoT):
As time is evolving, the Internet of Things has become an industry itself. People can control the non-IT equipment through mobile apps using this technology. This technology collects and processes the data of different devices by synchronizing them and structuring it. IoT would bring up future trends like self-driving cars, healthcare, etc. According to the Growth Enabler report, the IoT market has been developing at a CAGR of 28.5%. And is expected to reach USD457 billion by 2020.
Mobile Wallets and Payment Gateways:
Mobile wallet usage is at an all-time high. Millennials are no longer willing to pay in cash or type in our account details to manage their transactions. The payment process can be made smoother and quicker by integrating payment gateways with mobile wallets. Mobile wallet applications such as Amazon Pay, Google Pay, PayPal, etc. are already gaining immense popularity. The increase in mobile wallet trends is due to internet payment systems that require fast and more secure channels for money transactions.
Augmented Reality & Virtual Reality:
The term that has already conquered the video and gaming area is AR and VR. However, one can expect many AR-based app ideas turning into fully functional mobile apps. Industries like healthcare, tourism, education, retail, marketing, will be the biggest beneficiary of this technology. According to Statista, the worldwide market of AR and VR technology will skyrocket from $27 billion dollars in 2018 to about $209 billion in 2022!
Beacons are tiny transmitters that transmit signals to other devices via Bluetooth. They make ultra-localized searches easier for users. When the phone enters a beacons zone, the relevant app immediately receives this signal and provide relevant notifications and guidance for the users. Beacon has immense potential in the marketing landscape. As per Statista reports, the market worth is expected to be worth USD 52.46 billion by 2022, at a CAGR of 29.8% between 2016 and 2022.
Wearable devices are to be controlled by a smartphone as a major control panel. Now, they are going to be controlled by omnipresent connection directly to the web or with the body itself. At the end of the day, one can keep in touch with other activities without visiting their phone or tablet and this is the core advantage of wearable technology. Statista says, the number of connected wearable devices reached 453 million in 2017 and is expected to reach 929 million by 2021. With the development of technology, we can expect wearable applications to soon turn into an important part of our everyday lives.
Adaptation to Cloud technologies is a must to make the app function seamlessly across multiple platforms. This helps mobile apps to store a large amount of data efficiently and carry out complex tasks. Cloud technology increases the reliability, speed, processing power and security of the apps and enables it to deal with a large amount of data. The worldwide public cloud services market is projected to grow 17.5 percent in 2019 to total $214.3 billion, up from $182.4 billion in 2018, according to Gartner, Inc.
The mobile application plays a major role in our day to day life. Most of the activities are done through mobile applications creating more impact in our lives when it comes to shopping, food ordering, booking tickets, cab and so on. Integrating the above-mentioned trends into our phones is a big leap. There is already an expectation of the exponential rise of wearable and on-demand apps. Gartner Says the Future of App Development Is Multi experience. Mobile Apps Are Projected to Have the Most Impact on Business Success By 2020