Once Bill Gates said, “If your business is not on the internet, your business will be out of the business”, and at that time no one took this thing very seriously. But 2020 stamped this saying of Bill Gates by forcing businesses to either go online or to face the possible extinction. That is what we have seen in 2020 when the Pandemic’s catastrophes were at their best, the brick and mortar industry was on the verge of extinction because of the immense rise in the e-commerce platforms globally.
There’s one thing about humans that unless they are not pushed towards their limits or are forced to do something, they will not do it despite having time and resources. And the Covid-19 made us see how physical shops and outlets were forced to shut down in a move to curb the spread of the deadly virus. Only those businesses survived that were having established digital sources and they not only survived but their revenues multiplied. Seeing this trend forced many physical business owners to opt for e-commerce platforms that later proved to be a move that could’ve been taken along before.
This piece of writing is all about mobile applications and how they have changed the face of various business sectors. I was going through a report that says 62% of worldwide businesses either have mobile applications developed or are in the process of getting one. This enormous trend towards mobile applications is a result of a few happenings that occurred in the recent past such as Covid-19. Also, another strong factor behind this trend is increasing mobile devices in the world. Currently, there are 5 billion smartphones in the world and this number is projected to hit 7 billion by the end of 2027.
So, let’s figure out why having a mobile application is so hyped, and is this hype for real? I have made a list of 4 industries that are transformed by the use of mobile applications. Here we go.
The Role of Mobile Applications in Business Transformation:
1. Mobile Apps in Education Industry:
Gone are the days when students and teachers had to solely rely on conducting classes in university/college/school classrooms. The new normal is to conduct classes using an online source such as Zoom, Google Meet, or Google Classrooms. This only requires teachers and students to have a smartphone and a working internet connection and you’re all set up.
The eLearning trend is projected to hit big in 2021 as the Covid-19 is still here and it seems like it’s not going anywhere soon, so we have to live with it. The reliance of the education sector on smarter and innovative technologies is projected to increase and we are bound to see technologies like Artificial Intelligence, Augmented Reality, Machine Learning, and Virtual Reality playing their part for the betterment of the education sector.
Here are some quick stats showing how mobile apps gaining momentum in the education sector globally and especially in the USA:
· According to Global Market Insights, The e-learning market is expected to exceed $375 billion by 2026.
· 63% of high school students in the U.S. are using digital learning platforms.
2. Mobile Apps in Health Industry:
It would not be wrong to say that the healthcare industry is one of the most impacted industries by the technology revolution. Also, the demand for IT professionals in this particular industry is massive. I remember there was a time when the IT industry was considered to be a dead-end for IT professionals and software engineers.
Technologies like Artificial Intelligence, Augmented Reality, and Virtual Reality has eased the processes in this industry. From research to the diagnosis of different diseases and their treatment, we see a dominant application of mobile apps and different software in the healthcare industry. Following are some very interesting facts about how mobile apps are dominating this sector.
· According to Fatbit, telemedicine is the fastest-growing domain of the healthcare industry. The segment is expected to reach $113 billion by 2025.
· According to BIS Research, the worldwide healthcare market spend on blockchain is projected to reach $5.61 billion by 2025.
· According to the Accenture report, AI in healthcare is projected to reach $6.6 billion by 2021.
3. Mobile Apps in Financial Industry:
The financial industry is one of the major receivers of technology and the input of IT professionals in it is worth a shout. Banking would not have been easy if users were not given comfort such as banking from home, going cashless, keep a check of their bank account at any moment, etc.
Along with the healthcare industry, the financial industry was once considered to be a very cold option for IT professionals to pursue their careers. But today, some great fintech apps have revolutionized the financial industry and have brought people closer. For example, apps like PayPal, Payoneer, and Amazon Pay have done a tremendous job over the past few years.
4. Mobile Apps in Health and Fitness Industry:
Mobile app trends also differ for the fitness world, like any other industry. It will focus on home training apps, virtual personal training trainers, personalized fitness guides, and more. Mobile apps are expected to attract the attention of users in light of these trends.
The use of technology like machine learning, deep learning, artificial intelligence, increased reality, virtual reality, and so on will increase fitness appliances. Furthermore, the integration of wearable technology is expected to become an important trend in the next period. Here’s a quick stat about mobile apps in the fitness industry.
· According to Statista.com, the number of fitness app customers is expected to hit 1033.3 million by 2024.
If you are a pro-learner and want to adopt the latest trends in mobile development, then this article was for you. It’s equally important for a developer to keep up with the latest trends in mobile development to stay productive. I hope you would have enjoyed this piece of writing.
In case you are a startup or even a large corporation owner and are not keeping up with the pace of always changing trends, SoftCircles is a Mobile App Development Company in New York that has great expertise in mobile app development that you can benefit from.