Note: This blog is required reading for all tech investors and following technology backers.
Decked into a presentable bunch, the Internet trend report (updated 2019) by Mary Meeker (well-known venture capital investor) emphasized on human population going online increasingly. More excerpts include:
There has been a gradual and steady rise in public and private investments into tech companies (closing around $200 billion last year)
People have embraced wearable’s into their routine – being dependent on these evermore.
Payments have digitalized, online and mobile banking and e-commerce apps are on the all-time rise.
All kinds of image-based communication medium like Instagram and YouTube are on the rise – people signing up are uploading their pictures and videos for self-promotion or as a business advertisement has turned out to be effective.
There has been a steady rise in people playing interactive games like Fortnite.
Privacy concerns are moderating with specific measurement criteria in mobile apps – applicability of General Data Protection Regulation (GDPR) data privacy laws in countries like Brazil, Australia, USA, Japan, South Korea, Thailand and other data privacy guidelines by the Organization for Economic Co-operation and Development (OECD) and the Asia-Pacific Economic Cooperation (APEC) regarding the transfer of personal data across borders help to create an international standard for data privacy and protection. Data security and compliance executives do have to come up with their security standards to protect online/digital data.
The average time spent on mobiles is more than the time spent on TV.
China still leads to an average of 21% internet users as compared to 8% of users in the United States.
Many experts have predicted increasing growth for mobile apps in the future, with an increase in business verticals and a rise in demand to be mobile and omnipresent – mobile applications will be in demand. Moreover, with an increase in the number of connected devices including household appliances, toys, LED's, smartphones, fitness trackers, smartwatches, smart lights, smart water heaters, smart air conditioners/humidifiers, smart fridge, etc. – mobile applications have become an indispensable part of the digital ecosystem.
Small businesses have gradually started realizing the significance of mobile apps and are incorporating them into business processes. Android and iOS Mobile applications help organizations create brand awareness, deliver personalized content, boost customer engagement, reduce costs, and increase sales. The number of mobile apps that get featured on the App Store and the ones that are available on the Google Play Store is continuously increasing.
Growing List of Mobile App Development Trends 2020
Here is the list (tentative and growing) of the industries and trends in most demand in 2020:
Retail, Real estate, Healthcare, and many others
Mobile commerce will continue to get stronger
Mobile payment systems are top-rated and will drive mobile purchasing through 2020
People will prefer to make payments via their smart-phones rather than their credit cards
Cloud-driven apps will continue to grow
Location-based services will be used even more
The most widely used location-based services today are ibeacon from Apple and Google’s Beacon
Expect more external devices to be integrated with mobile apps for business development purposes
According to research by CISCO, 90% of all mobile data traffic will gravitate towards cloud-driven apps. More or less, most of the trends discussed above have been prevalent
AI-assisted mixed reality is the factor sum of virtual reality and augmented reality and comes with decades of research.
Integration of Internet of Things (IoT) – the presence of connected devices
Increased demand for wearable, wireless devices
Massive expectations for AI and ML making the apps smarter
Bots and Chatbot Assisted Mobile Technology Apps
App Security to seek more attention
More engagement through mobile UI/UX
Leading start for AR/VR
Enterprise Mobile Management
Enhancement in Mobile e-commerce
Use of Instant Apps in place of regular mobile apps
Expanding Block-chain across Network
Customized mobile Pages through Application performance management (APM) and EMM
Increasing Awareness About Beacon Technology
More on-demand Applications
Storage will be more likely focused on a cloud platform
Increasing Use of Mobile Payment Apps/Cash Apps
Automation Takes over the Future
Impact of wireless – 5G
Enhancing Mobile App Security
Use of cloud-based apps (for streamlining operations, Reducing hosting and equipment charges, enhancement in storage capacity of apps, increasing collaboration and productivity)
Key Takeaways for Top App Developers from This Conversation
Technology will never cease to surprise us and is evolving at a swift speed which has paved the way for the companies and individuals to be upright with the latest tech trends to allow themselves to be prepared to grasp the opportunities. Since these devices have already proven to be of value to the users, these related trends will gear up for upcoming challenges and innovations. We need to study these mobile app development trends in 2020 as these have gradually acquired the attention of some prominent technocrats and business hubs with their benefits and unrivaled applications.
Moreover, till now we have been dwelling into single-page apps which were of single purpose and had clear, easy to use interface. These apps were built to be scalable at the global level with architecture that enabled expansion without much alteration. But we have “Super Apps” trending recently. The companies that adopted these have seen rapid growth. Consumers have loved the best app development companies India that have come up with clear and objective apps, easy to use and most effectual. These are the ones that have then been augmented by adding other services/functions. Share your rationale with us and help us improve this space.