We know that the tiny screen of a smartphone can help us to fulfill most of our basic needs. From paying online bills, booking cabs, shopping and ordering food to conducting business and socializing virtually, everything is possible at our fingertips through different mobile apps. These mobile apps are making our lives easier daily, and in the process, generating huge amounts of revenue.
According to Statista, mobile apps are estimated to generate approximately $189 billion by 2020.
Recently, the number of smartphone users crossed 5.135 billion combining business and personal mobile devices (source). This is a clear indication of the continuous boom and needs for smartphones in our lives. Even in modern enterprises, digital experiences for employees are being delivered using mobile apps.
According to Forbes, 81% of CEOs see mobile technologies as being strategically important for their enterprises.
If you as a business owner, are looking to strengthen your market presence through mobile strategies, you will have to understand the latest technology trends that are gaining prominence in the market. This will help you to optimize your apps for modern and future platforms, positioning them to meet customers’ mobile needs and stringent compliances.
The adoption of emerging technology in the tech-space largely covering Blockchain, IoT, AR/VR and Artificial Intelligence technologies, that seemed futuristic, are now being adopted at an unprecedented rate. The potential of emerging technologies to breathe a new life into your mobile apps is huge. Introduction of these technologies in mobile apps will also shift ways of interaction with the on-the-move consumers.
Let’s find out how these new technologies will enable you to take your apps to the next level.
IoT – The Internet of Things – A Smart Revolution
IoT is disrupting the mobile industry. Enterprises have started realizing the potential of IoT-enabled applications that are helping them to promote a smart interconnected technology ecosystem. The latest developments in the IoT space, to name a few:
- A Wi-Fi enabled thermostat for homes or offices
- Sensor-enabled buildings, bridges, or pavement
All these systems are interconnected through cloud-based technology to a mobile network, which can be controlled through an app from a user’s smartphone, tablet or smart wearable.
This is how ‘Smart Devices’ connected through sensors and software within a network strengthen the IoT ecosystem creating a new world of opportunities. As we progress towards smart homes and smart cities, IoT is well poised to penetrate in different industries in the coming years.
Blockchain Beyond Bitcoins
Blockchain has grown beyond conventional cryptocurrency application. It is thriving in the financial industry due to its ability to bring an unprecedented level of security and transparency in all the types of financial transactions. In addition, industries like retail, supply chain and healthcare are exploiting blockchain to its full potential.
In a recently concluded project, Cygnet Infotech developed a highly efficient eCommerce application that uses smart contracts to promote trustless transactions among the business community across the globe without any regulation or third-party security.
Soon, popular blockchain use cases for mobile apps will be:
- Cross-border payment and settlements
- Asset and goods management
- Public records management
- Identity management
Artificial Intelligence – Moving One Step Forward
Artificial Intelligence is having a huge impact on mobile app development. We are experiencing how AI is helping to develop next-gen enterprise mobile applications to achieve automation, reduce human errors and improve customer experience. It is fulfilling the end user’s need by:
- Providing self-service with AI Chatbots
- Virtual assistants just a voice command away from us
- Individualized and personalized experience by predictive analytics
Now that AI technology has moved out of its infancy, it is moving towards smart applications with its rule-based algorithms. Moreover, virtual assistants powered by AI will find their place in wearables. Intelligent predictive apps with built-in AI will transform the age-old smartphone experience to serve us better.
In short, AI will dominate the business space by enabling apps that mine social data to drive engagement in CRM, facial recognition and encryption for increased security, and to optimize logistics and efficiency by tracking and managing assets.
Augmented Reality/Virtual Reality Builds a Foundation
We are in the second wave of mobile apps innovation, and since the mobile screens have very limited real estate, it’s time to experience something beyond the screens.
According to Techcrunch – AR/VR is expected to generate $150B revenue by 2020
Augmented Reality and Virtual Reality technology are no longer restricted to games and other interactive apps. It is playing a major role in developing apps for various industries such as Travel, Education, Retail, Healthcare, Manufacturing, etc., to provide an immersive experience to consumers, stakeholders, employees and clients globally.
The development of applications for HoloLens or Google Glasses is predicted to take huge leap in the nearing future. With an aim to offer more pleasant and interactive user experience, the mobile app development domain will rely more on both VR and AR in the coming years and beyond.
IoT, Blockchain, AR/VR and AI technologies have the potential to open new business frontiers and ways to interact with the customer. Enterprises can take advantage of these emerging technologies in formulating their mobile strategies. So, if you have an idea or a vision or even a wish to develop mobile applications based on emerging technologies, then write to us at: email@example.com or contact us at +1-609-245-0971.