2022 – two years after the global pandemic – has strengthened the app development market, which is fundamentally transforming business models. A research report by The Statista Digital Market Outlook estimates that the global revenue to be around 613 billion U.S. dollars by 2025.
In April 2021, mobile apps such as PUBG, Coin Master etc. dominated the global Android app development market. It is projected that 70% of the market share will be dominated by gaming apps on Google Play in 2024.
Q1 2022 recorded business apps as the second-most popular category in App Store with a share of 10.15 percent of active apps. Gaming apps were the most popular category, with a share of 13.66 percent of active apps.
Latest Trends in App Development
What are the latest technology trends to develop a successful app that will achieve user retention and drive revenue growth? I have listed few trends in this blog, which will help you deliver innovative solutions to address customer pain points and deliver higher satisfaction levels.
5G
Mobile app development will witness rapid innovation with 5G. This emerging technology promises users increased speed, bandwidth, lower latency, minimal interruptions, and improved connectivity.
Blockchain
Cryptocurrency saw the success of blockchain technology. Today, the trending technology is applicable in several fields – medical data, logistics monitoring, supply chain management, etc. it creates scope for innovation in the areas of data security, reliability, transparency, implementation, and accessibility.
Blockchain also facilitates development of decentralized apps that eliminates the role of centralized intermediaries and gives users more control over data.
Industry research projects that the global market for Blockchain will be around $20 billion in 2024.
The open-source technology enables developers to suggest changes that effect real-time alterations to implementation and functions of this technology. Additionally, it can also be used to resolve issues dealing with in-app purchases. However, using blockchain for in-app purchases may happen in future.
Super Apps
A new app development trend since 2022 is a one-stop solution enabling users to solve multiple issues by providing various services. Few common super apps include food delivery, movie tickets, shopping experiences, online messaging, financial services, etc. WeChat is a great example of app a super app. This multipurpose app includes features like social media, instant messaging, and mobile payments. The app enjoys over 1.26 billion active users every month from various age groups.
Mobile Learning
Industry experts predict e-learning market will grow up to 400 billion USD by 2026, compared to 200 billion dollars in 2019. The LMS market also generated about 18 billion USD in 2019. Mobile Learning enables users to acquire skills and knowledge on their mobile device, offering easy access to learning resources 24/7.
SwiftUI
SwiftUI by Apple is a modern API to facilitate concurrent transactions in Swift applications.
These ‘async/await APIs’ enable the ability to write secure, easy-to understand concurrent code, thereby increasing productivity levels of iOS developers.
In 2022, more features may be added to refine iOS app development for Swift applications.
A new iteration has been introduced at the Apple Worldwide Developer Conference (WWDC) in 2022. It helps build intuitive UIs for iOS, macOS, and iPadOS. Significant functionalities include improved navigation, charting capabilities, more user control, and many others.
Cross-platform functionality
Multiplatform programming reduces time for code development, as you have to the code only once. It ensures flexibility of native programming. Intuitive cross-platform apps include communication apps, food delivery apps, and many others. To know more about cross-platform app development, read our blog on top 5 frameworks for cross-platform development.
Did you miss attending our recent webinar on Mobile App Development? Watch the replay here.
