Mobile App Development Economy 2019
According to researchers, the mobile app development industry is the fastest growing industry, and in the upcoming years, it’s gonna immense.
“App Annie’s 2019 State of Mobile report has a bevy of factoids and projections enterprises need to consider as they take on their mobile and digital transformation strategies”.
According to App Annie “Consumers are expected to spend $120 billion in app stores in 2019”. That spending figure is expected to be five times in the growth rate of the global economy.
- Global app downloads reached 194 billion in 2018, up 35 percent from 2016. Emerging markets are leading the growth.
- Social and communications apps account for 50% of time spent on apps. Time spent in apps globally grew 45% from 2016 to 2018.
- 720 billion hours were spent globally in social and communication apps in 2018, increased by 30% from 2016.
- On the basis of App Annie, most amazing apps of 2018 contained in-app subscriptions.
- With the help of mobile applications, retailers are making progress.
- Peer-to-peer shopping apps such as eBay, MercadoLibre and Shopee touched 1 billion downloads.
According to market experts of the Top Mobile App Development Company USA, the mobile app development industry is the fastest growing industry, and it’s not gonna slowing down in the future as well. For technological advancements, it is necessary to give a glimpse into the mobile app development trends of 2019.
These mobile app development trends will bring many new opportunities for entrepreneurs and startup owners. Without discussing more on the mobile app market, let’s check out the upcoming trends that are thoroughly researched and analyzed by our technical head.
1. Artificial Intelligence & Machine Learning
Artificial Intelligence for Mobile App Development and Machine Learning mobile app development both have dotted their feet deeper into the mobile app industry. If we talk about AI, it mainly strengthens the designing of intelligent machines that behave like humans.
This technology has mainly made itself obvious in the form of chatbots, whereas Siri, which is the combination of AI and machine learning, has become an important part of the mobile app innovations.
In the upcoming year, the use of AI will not be limited to Chatbots and Siri. There are various companies like IBM, Microsoft, Google, and Oracle are heavily investing in AI technology. In fact, these companies are also developing apps and data integration, analytics and system, and identity management autonomous.
In effect, as per the IDC report, more than 75% of workers, who are using ERP solutions, will now leverage the capabilities of AI and Machine Learning to expand the proficiency in the workplace. It means AI and machine learning are going to revolutionize mobile apps industry, with significant opportunities for innovation for the future of apps.
2. Blockchain Technology
For the past few years, Blockchain Technology has created a great impact in the market. This advanced technology allows Blockchain Software Development Company to create tamper-proof records across multiple computers and gives the ability to track transactions with greater confidence and security.
In 2019, experts are expecting that technology will be more widely adopted by companies, especially mobile app development companies.
On-demand mobile app development economy is the most expansion economy is the world and is also known as the sharing economy. It fulfills customer demands on an immediate basis, by allowing quick access to services. In the beginning, the on-demand business model was an imminent bubble in the world of mobile applications and now it becomes a future of the mobile app industry.
Irrespective of the size of the business, almost all the mobile application service provider company has embraced on-demand based solution to make their business future proof. According to the same survey, 86.5 million Americans, around 42% of the adult population have used at least one on-demand economy service. With these figures, we can say that On-demand technology will not gonna fade away anytime soon, it will allow startups and enterprises to develop an on-demand solution to provide quick access to services and goods.
This mobile app development trends will shape the future of the mobile app industry in 2019. Through these trends, entrepreneurs can get an idea about which latest technologies they can adapt to mobile app development. With the most suitable technologies, you can fulfill your customers’ demand. So, if you want to develop a mobile app for your business, you can book our free consultation and discuss your queries with our expert software development team.