Since the past few years, technological advancements have enhanced things beyond our imagination. Owing to the latest technological advancements and new inventions, we can be sure that 2020 is the year of mobile apps. Not only that, the demand for mobile app development services is also growing stronger and quicker. According to a report by Statista, mobile apps are supposed to generate around 581.9 billion US dollars in revenues. However, to grow a successful business, the business owner needs to incorporate new features in their current mobile apps.
Let’s discuss the top 4 mobile app development trends that you must watch out in 2020.
1. Artificial Intelligence and Machine Learning
The amalgamation of Machine Learning (ML) and Artificial Intelligence (AI) is very helpful for mobile app development. The combination of machine learning and artificial intelligence not only increases user engagement but also boosts your new business ideas performance. Several companies have already started welcoming AI app development to increase profit as well as decrease operational expenditures in various forms. Also, it has been forecasted that the market for AI will be at $191 Billion by the year 2024. Thus, more enterprises are seeking to combine AI with human intelligence. In the case of both Apple and Android mobile apps, AI and ML can learn the procedure of app building from earlier data, recognize issues, and troubleshoot them in real-time. So that they can provide a better user experience to their users by developing more user-friendly finance, shopping, entertainment, and best trading apps for stock trading.
Some of the future trends of AI & ML are listed below:
- AI-enabled face unlock
- AI-enabled chips
- Automated machine learning
- Language and voice translations
- A smart camera that can identify subjects
- AIOps for automating IT functions
2. Blockchain Technology
Blockchain technology has gone beyond the IT sector and cryptocurrencies and has paved its way in the section of mobile app development. With the help of this technology, one can develop decentralized mobile applications. Decentralized Mobile apps are a type of application that is not owned by anyone and is also impossible to shut down. In this way, blockchain technology restricts data breaching as well as prevents one from creating fake documents. Several online payment applications also depend on Blockchain technology. In case you don’t want to make payments through credit cards, just use the Blockchain-enabled mobile payment app.
Some of the future trends of Blockchain Technology are listed below:
- Blockchain-as-a-service (BAAS)
- Crypto space and gaming
- Blockchain technology in anti-piracy
- Asset tokenization
- Trading on the cryptocurrency exchange
3. Internet of Things (IoT)
Internet of Things (IoT) is one of the trending mobile apps of 2020. It has been predicted that the global IoT market is will generate $1.335 Trillion US dollars in revenue by the year 2020. IoT can be defined as a network of physical objects which are embedded with sensors, electronics, and software, and are also interconnected within the network. In other words, if any equipment is the Internet of Things app, we can control it even if we don’t stay near that equipment. You just need to install an IoT app on your smartphone and with that, you can control nearly everything that you want. Some of the daily used IoT applications in this world are the Yonomi Smart Home app, Nest Smart Home, Kisi Smart Lock, Air Beam, August doorbell cam, Amazon dash button, and so on.
Some of the future trends of the Internet of Things (IoT) are listed below:
- Self-driving and smart cars
- Smart homes and smart areas
- AI-enabled IoT gadgets
- IoT in healthcare
- Routers equipped with more security features
4. Mobile Wallets
An increase in online banking and eCommerce options has led to the development of Mobile Wallets. Mobile Wallets are not only more flexible but also have encrypted security that ensures the safety of users’ money. Additionally, Blockchain technology is also entering into this app to strengthen mobile wallets with secure money transaction processes. With Mobile wallets, you can easily make all kinds of digital payments. This is one of the top mobile app development trends that have made people’s life easier with the benefit of paying through a few clicks rather than standing in long queues.
Reputed companies such as Samsung Pay, Apple Pay, and WeChat Pay are making use of mobile wallet applications to make money transactions and bill payments more feasible for its customers. According to reports, the mobile wallet transaction value is forecasted to reach around $13,979 billion US dollars in revenue by the year 2022.
Some of the future trends of Mobile Wallets trends are listed below:
- Contactless payment feature
- More secure mobile wallets
- Over 2 billion mobile wallet users
All the mobile app development trends stated above will boost the app industry rapidly in 2020. It is expected that the appreneurs stay updated with the latest trends of mobile app development so that they can keep up with the ever-changing demands of the customer along with the competition from rival companies.