Top App Development Market Trends & Opportunities | 2022
The key to success in this digital realm is the smartphone that transforms the operating models, business models, and the marketplace at an astonishing rate. According to Statista, by 2025, the global revenue of the mobile app development market is expected to reach 613 billion US dollars, up from 400 billion US dollars in 2022. So, to survive in this digital era, you must get familiar with the evolving mobile app development trends and opportunities.
Many trends are emerging this year in mobile app development that help in boosting performance and enhancing UX, such as AR/VR, IoT, AI, machine learning, 5G, blockchain, and low code development. Besides, the app development world is perceiving a significant rise in demand for instant apps such as wearable integration apps, on-demand apps, P2P mobile payment apps, sensor-based apps, crypto wallet apps, and mobile commerce apps as well.
Today, I’ll be talking about the current mobile app development trends and opportunities that you’re expected to see in 2022. Keep reading till the end to explore it all.
The Multi-Experience of App Development
Today, the outlying technologies are more towards the mainstream, machine learning, AI, and AR/VR that increase the demand of modern consumers. People’s lives are more digital and extend to how they communicate, where and how they shop, and how they get their information. To propose these areas, the key opportunities in the mobile app development market fall in the composable apps such as fordable devices apps, cross-platform apps, food and grocery apps, super apps, mobile entertainment and gaming apps, metaverse, and many more.
Apps accompanying workplaces, metaverse, and payment systems have become a part of the lifestyle as they provide easy access instead of buying expensive laptops and gadgets. And technological developments like VR and AR have made these mobile applications more immersive.
Moreover, AI and ML have greatly enhanced the user experience amongst mobile app development trends. They’ve set the bar high to create an immersive experience that ultimately encounters the factors of how app developers and businesses can fulfill consumer expectations by catching up with the latest trends. So, the innovation in the mobile app development sector offers opportunities for enhancing the existing solution or developing new ones.
Trends And Opportunities in 2022
The latest trends and opportunities in the mobile app development sector provide new solutions to satisfy consumer needs. And completely redesign the way business functions to connect effectively with their potential customer. Today, developers improve their apps via sophisticated tools and personalization to gather and analyze the app’s data and pay close attention to the customer’s choice.
It empowers to modify communication and drive several business areas like customer onboarding, sales, asset transfer and management, and claims to enhance the usage of utility apps, P2P payment apps, and mCommerce.
Without further ado, let’s look at the many opportunities in the app development market that are set to raise the bar high.
#1 Instant and Progressive Web Apps [PWAs]
Instant apps have gained popularity because they let the user test the apps before installing and downloading. Undoubtedly, the user desires a more lightweight app user experience. Thus, the PWAs are likely to gain more popularity in the future because they have the efficiency to fill the gap between most web pages and native apps.
According to Top 30 PWAs, they have a 36% conversion rate when compared to the native mobile applications. Plus, some benefits such as rapid development or loading time, auto-updates, and less dependency on the internet. Moreover, they’re the best choice for companies and consumers.
#2 The 5G
Today, the adoption of 5G is on the way to developing exceptional standards. In other words, it’s booming every day. It has two vital pros: rapid data transfer and speed boost. According to Statista, the universal 5G tech market is estimated to be at 620.72 billion U.S. dollars in the next eight years. So, it’s high time to sustain the 5G connection for your mobile applications.
#3 Machine Learning (ML) and Artificial Intelligence (AI)
To offer customized mobile apps, the AI is used to forecast data while the ML algorithm is proven as the leading technology to integrate with the UX. At the same time, AI is vital for speech recognition, navigation, and NLP (natural language processing). Furthermore, the behavioral algorithm can boost security by detecting frauds, examining user behavior, breaking the potential information, and analyzing suspicious activities.
#4 mCommerce
Most buyers prefer to shop online, so the vendors/retailers are building native or progressive web apps to offer a seamless shopping experience. According to research, the m-commerce market is expected to grow by 22 billion dollars by the end of 2022. So, after building the PWAs for the businesses, this growth is predictable in B2C and B2B for a significant rise in conversion rates, revenue, and engagement.
The Bottom Line
Today, we have 3.48 million available apps on the Google Play Store, 2.22 million on the Apple app store, and 460,000 on the Amazon app store for worldwide audiences. So, how will your app stand out? The absolute truth is that it can’t unless you stay updated with the latest mobile app development trends and opportunities.
Remember, the only way to survive in this competitive tech world is through constant awareness and continuous learning. Do you have any more current trends in mind? Let me know in the comments below.