By 2025, mobile app development is expected to generate over $600 billion in revenues. The app development industry is benefiting from an increase in mobile app demand. However, the future rewards for users and businesses are dramatic and exciting.
These are six trends that UK mobile app developers will continue to study in the future.
5G speed can make a huge difference
Although fifth-generation wireless technology (5G), has been anticipated for over a decade, most carriers have only begun allowing 5G access in 2021.
Although speed is the main focus of 5G, the ultimate benefit to society is an improvement in its functioning. 5G can run at 100 times faster speeds than most networks. This is a major breakthrough because it allows everyone, from individuals to enterprises, to connect to 5G devices, wearables, machines, and phones. The benefits of 5G are numerous. Information can be transferred in milliseconds. Users can watch HD videos directly from their phones without buffering, or access a 5G-enabled healthcare system with apps, internet of things and wearables that help patients better monitor their health and quality of their lives. According to PWC, this could allow for earlier diagnosis and lower healthcare costs.
AR &VR break free from gaming
Augmented reality (AR), technology overlays artificial images on real-life objects. Virtual reality (VR), on the other hand, creates an artificial environment. Meta’s Oculus Qest 2 allows users to exercise, travel, and view concerts in an immersive environment, all while staying at home.
AR and VR are not only for gaming. These technologies are quickly expanding into other industries, thanks to the COVID 19 pandemic. This includes travel and house-buying, all through bespoke mobile apps.
AI will revolutionize financial services
Artificial Intelligence (AI), although it is not new, will continue to evolve as machine learning and AI become more advanced. Mobile app capabilities will also increase in sophistication. Algorithms are able to learn from past behavior and predict the next move.
AI will be a key component of future app development. It offers facial and speech recognition and biometric markers that can help detect fraud, enhance security features, and improve data security. As more people use smartphones and wearables to make payments, the demand for AI is expected to increase. McKinsey projects that AI could be worth more than $1 trillion annually in the global banking industry.
Blockchain is more than just cryptocurrency
Blockchain is a digital ledger that records transactions securely. Blockchain technology is useful in securing identities and digital assets by allowing transactions to be recorded on the blockchain.
Blockchain technology is being used more frequently in mobile wallets and person to person (P2P), payment apps. This allows for faster transaction speeds and greater security. In January 2021, 5.6 Million blockchain wallet apps had been downloaded.
Blockchain technology, along with IoT, smart contracts and IoT, will spread across many industries such as shipping and logistics to resolve disputes, lower costs, and improve supply chain efficiency.
Wearables become smarter
Wearables include watches, earbuds and clothing that allow users to interact with all functions on a smart device. Around one billion connected wearable devices are in use around the world. The market for wearable technology was worth approximately $116 billion in 2021. It is expected to rise to $265 billion in 2026.
Wearable bespoke apps for healthcare, such as an electrocardiogram app that monitors irregularities in the heartbeat, are likely to be a benefit. Apps that allow you to make smart locks and keys for your home or business using your smart wallet or wearable device will be useful in security.
You must improve security
Mobile apps are becoming more secure as more personal data is uploaded online.
This concern is being addressed by two innovations. Biometric authentication uses voice, eye, fingerprint, and fingerprint recognition to verify users. This is a simple and effective way for users to verify their identity, as well as providing a first line of defense against theft or fraud. The second innovation is distributed ledger technology (DLT), which includes blockchain. This technology is able to increase IoT security for mobile devices and other smart devices by adding layers of encryption.
What’s the future of bespoke mobile app development in the future?
It is exciting to see the future of mobile app development. There are many innovations and new technologies available that will enhance the app’s capabilities as well as their usability and functionality for individuals, businesses, or societies. Future bespoke mobile app development will improve security and healthcare and lower costs for businesses.