Mobile Application Development - The Largest Technology Market

The year 2016 was considered as the base year for mobile application development platform. In the same year, the global market of mobile application development platform is expected to grow from USD 1208.63 to USD 6967.92 million by 2023 at a Compound Annual Growth Rate (CAGR) of 28.44%.

In today's era, there are numerous opportunities seen with the upcoming innovative technologies, ever-changing and growing market. The mobile app which is a supporting infrastructure, considered as one of the biggest technology markets in this epoch has become the core of technology with more than 6 million application present in Google Play and App Store.

As start-ups and SMEs have started to recognize the importance of mobile strategy, smartphones have proved to be the best mobile devices with the most massive market versatility and penetration.

Looking at the above scenario, for industries to move to mobile is not something new particularly in modern times. This year businesses who are thinking with the mobile-first approach, have undoubtedly proved to be immense. However, it is essential to have complete knowledge about the upcoming trends if you want to keep up with these changes.

Hassle-Free Instant Apps
Google at its event Google I/O 2016 event had introduced 'Instant Apps,' which is a unique feature in the Android devices that allows the users to use Android apps without any installation. With the help of hassle-free instant apps, users can not only try and test the application with play store but can also download if required and have enough storage space.

Augmented Reality (AR)
With Virtual Reality (VR) making around USD 30 billion and Augmented Reality (AR) around USD 120 Million, both the reality will grow USD 150 billion by 2020, according to the recent survey. Overall, for Android and iOS mobile device, we have two robust platforms for AR app development ARCore and ARKit launched by Google and Apple.

Deployment of Blockchain
'Cryptocurrency' a new type of currency which blockchain has given rise to a single and has also revolutionized the approach to mobile payments. BitPay, Fold, and Glyph are few payment based apps that are mainly seen in the blockchain.

Cloud Computing and Internet of Things (IoT)
We all have heard and are aware of the technology Cloud Computing and Internet of Things (IoT). The growth of both the technologies has multiple benefits, where with the help of cloud computing storing data as well as process heavy tasks on mobiles has become much smoother. On the other hand, the utilization of the sensor technologies in machines to start automation, remote control, and monitoring essentially done with the help of the internet of things (IoT).

Talking about cloud computing technology, most of the modern mobile apps get hosted in Amazon Web Services (AWS), which result in improved consistency, security, and speed of the mobile applications.

Hence, most of the businesses are developing the use of location-based services and geofencing to a great extent. Rigel Networks- an End to End IT Service Provider Company, delivering innovative technology solutions to help our global clients meet their dynamic business requirements.

From building applications for global clients from the time Google launched the open source OS to leveraging diverse features of iOS to build functional, techno-savvy apps. Also, developing hybrid mobile apps by leveraging high-end functionalities of IONIC and AngularJS to impeccable Hybrid Mobile App Development using Xamarin, Rigel Networks designs and creates beautiful mobile applications for your business, which customers love to brag.!