With over 6 billion smart phone users worldwide (Statista), the mobile app development market shows no sign of slowing down. Internet penetration also plays a significant part in this. Globally, there is 59.9% internet penetration according to Internet World Stats with over 5,168,780,607 internet users as of March 31, 2022. The growing AI, ML, AR and VR markets has also contributed to the mobile app development market’s immense growth. According to Grand View Research,
- In 2019, the global mobile application market was valued at $154.05 Billion. The market is expected to reach a $497.09 Billion growth rate from 2020 to 2024.
- The CAGR exhibited by the industry is expected to be 5% from 2020 to 2027.
The biggest impact is to be seen on applications that deal with mobile gaming, music, entertainment, health and fitness, social networking, retail, and e-commerce. Apple, Google, Microsoft, Amazon, gameloft, Netflix, Practo, Cure, Ubisoft, and Xiaomi are the biggest players in the industry as of now.
Here, we will discuss about the biggest benefits of hiring a mobile app development company. We will look at what the industry is demanding and what technologies are propping up.
REASONS TO HIRE A MOBILE APP DEVELOPER
Fancy interfaces don’t do the trick anymore. Want attention from users? Then build highly secure apps. A robust security system is at the back of every developer’s minds in 2022. Cyber security is a widely debated, understood, and acknowledged fact today. And with even the biggest players like Facebook and Google experiencing hacking, users are prone to suspicion and second guessing.
Wearable app integration is on the rise. Statista has projected that the connected wearable devices market will be valued at $929 Billion by 2022. The trend arises from a need to track the smart phone and the ongoing activities without having to actually take the phone out of the pocket. Apple was one of the first brands to exploit this tendency and fire up the trend.
Artificial Intelligence and Machine Learning is becoming an essential component of the mobile app development industry. And only seasoned players can provide you with holistic solutions. The mobile AI industry is expected to reach a value of $9.68 Billion by 2026. The industry will exhibit a CAGR of 28.65% from 2022 to 2026. Virtual assistants and bots will see a rise in adoption. Answering simple questions and doing routine tasks will be completely left to the tech now.
Innovation is being seen in the design aspect of smart phones. UI and UX needs to improve with this. With major brands like Samsung experimenting with the foldable screen design, specialized apps need to be designed to make the most of this design innovation. According to Gizmo Chine, over 5.1 Million foldable phones have already been dispatched by brands. It is important to make you apps fold.
The mobile AR/VR market is expected to exhibit a CAGR of 31.1% from 2020 to 2025. It will reach a value of 29.5 Billion by 2025. Leading mobile app development companies like Orion eSolutions finds it crucial to invest time, resources, and interest to stay ahead of this curve. Industry leaders like Google, Apple, and Facebook are already at the forefront of this trend. Enhancing user experience through augmented and virtual realities needs to be carried out in priority.
Even though chat bots have been around for a long time, the entire potential is yet to be explored and exploited. According to Juniper Research, conversations through chat bots can help brands achieve $8 Billion in savings by 2022.
The beacon technology market was at $170 Million in 2016 and is expected to grow at a CAGR of 80% from 2017 to 2024. Beacons are devices that make use of location intelligence to enhance user experience and to streamline marketing activities for brands. Innovating apps to work in collaboration with beacon tech can have a huge impact for brands as well as tap into Google’s “micro-moments” principle in a much more profound fashion.
There are 1.85 Million apps on the Play Store and 1.96 Million on the App Store. And as we can see, the trends are never static. Digital payment platforms and messaging apps were the trends for 2015. Coming to 2022, IoT and AR and beacon are ruling the scene.
What we can conclude is that any business would need a team of highly efficient and up-to-date programmers and developers to carry out their mobile app development functions. At Orion, this is exactly what we do. First we stand in awe of the developments within the industry. We appreciate it. Then we become experts in it. Let us clarify this a little more.
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PARTNER WITH ORION eSolutions FOR YOUR MOBILE APP DEVELOPMENT NEEDS
We are a team of tech enthusiasts and app aficionados. We have efficient programmers, engineers, and developers who are proficient in the latest tools and tech to jump on the trends bandwagon. Below are our services:
- Custom web app development
- Technology consulting
- Server migration
- eCommerce solutions
- Web portal development
- Re-engineering solutions
- API, Chrome, Plugin integrations
We are proficient in languages including Java, PHP, Dotnet, Angular, CakePHP, and HTML among others. Our team understands your requirement on a holistic level before proceeding with the solutions. We undertake the Agile development culture and have a result driven approach. Partner with us today to find the best answers to all your web app development questions.