The recent year has witnessed a remarkable spike in mobile app development due to affordability, fast internet, and smartphones. The development of technology and hardware, especially in the smartphone space, has led to companies’ spiraling desires worldwide. This is 2020, an era dominated by digital businesses that need effective tactics to achieve a competitive edge. There is no denying that technology plays a crucial role in providing companies with the requisite lead by enhancing productivity and diverse business operations. Mobile apps are the latest technological breakthrough that has revolutionized market models and would continue to do even more in 2021.
Before gazing at the 2021 prediction, explore what 2020 has stored in their bags.
Statistical Representation of Mobile Apps’ Growth
The year 2020 has seen tremendous growth in mobile app usage, and the Global Pandemic has worked as a Catalyst in this growth. In 2020, various industries that have operated via mobile apps have noted a considerable increment in their business.
A report says that Q1 2020 = Largest Consumer Spend ever in App Stores.
Projected Mobile Apps’ Growth in 2021
- By 2021, there will be roughly 7 billion mobile users worldwide.
- By 2022 annual mobile app downloads are projected to reach 258 billion.
- By 2022 app store consumer spending is projected to increase by 92 percent to $157 billion worldwide.
Various industries have seen a massive hike in 2020 & expected to grow more in 2021:
- Video chat and online conference apps saw a 627% increase in download.
- Finance Technology Apps have seen gigantic increments from 35% to 85% increase in mobile app banking.
- In the Media & Entertainment Industry, entertainment apps saw an overall usage increase of 25% & their intake of streaming television by 54% increased.
- Social Networking & sharing industry has seen tremendous growth in their app usage, increased up to 48% in 2020, and expected to grow more in 2021.
- The market size of the global online food delivery sector is around 111.32 billion U.S. dollars in 2020 & expected to reach 154.34 billion U.S. dollars in 2023
Top industries that could reap significant benefits from the apps
Here are some of the top industries that could reap significant benefits from the apps shortly, have a look at them below –
To lure other sectors towards innovations, the IT industry needs to show the advantages of their service or product to the clients, which they can easily do with their app. Some tech firms illustrate wonderfully how, with specific smartphone apps, they can transform the business environment landscape. Mobile applications encourage the company to represent the work performed by their team magnificently. IT businesses can also use their market software more elegantly to broaden their job portfolios in upcoming years.
The retail industry is one such industry that has distinct dynamics. A user-friendly mobile application that provides excellent support can modify the whole retail industry. With a dedicated mobile app, retailers can get a complete view and display all the details relevant to their products. A mobile application for retail can offer various innovative features that enable retailers to reach consumers, advertise goods, build a brand presence, and eventually improve sales. Recognizing mobile apps’ value and integrating them into their potential development strategies can lead to a successful retail venture.
Online Food/Grocery Ordering Industry
The most lime-lighted on-demand industry: Food Ordering and delivery is continually chasing the heights as people prefer ordering their favorite Food at their doorsteps. 2020 has seen massive growth in Food & grocery ordering application usage. In 2020, where restaurants closing dine-in options & grocery stores suffer from long lines, this situation has turned many to use mobile applications to order, takeout & deliver meals & groceries. This regular habit of using mobile apps for Food & grocery ordering has increased in 2020 and is expected to gain a massive user-base in 2021.
Supporting these restaurant deliveries were apps such as GrubHub, DoorDash, Uber Eats, and Postmates, which saw a 60% bump in downloads in early March 2020.
The ongoing pandemic has changed the way of study. The online consumption of educational content has seen a massive spike in the last 7-8 months, and it is expected to only grow from here. The ease of mobility has contributed to making the learning process much simpler and cheaper, thanks to the latest app development. Mobile applications have brought tremendous interest in education and allow learners to grasp the content quickly. This makes the use of mobile apps to achieve even higher performance in the future.
The demand for travelling is slowly coming back to normal after the worldwide lockdown due to COVID -19. However, this slow down will speed up once the pandemic eradicates, which is expected to in 2021. The days are gone when we have to stand outside tours & travels offices to book our tickets; now, all the booking can be made online via mobile apps. Mobile Apps offer a world of comfort for tourists, as all can be done while sitting at home. It allows tourists to find exciting locations quickly and provides advice to reach the tourist site safely. Thus, more and more travelling firms are coming online to make their presence and make their company a brand that attracts more travelers.
The Ecommerce industry is, without a doubt, one of the most benefited industries from the mobile application. Online shopping has become a lot easier than it used to be because of the rise of mobile applications, which will further keep going. Brands can now send their consumers notifications about their products’ launch or arrival and encourage them to buy. The improved realism of online shopping allows e-commerce firms to provide a detailed description of items along with their real-time location, online payment options, and so on.
Having a mobile application gives businesses the advantage of creating a strong customer base. Apps give users the most straightforward and more hassle-free way of living; just a few clicks and swipes of a customer can make a small business a brand or vice versa. Mobile apps have made it easier for companies to connect with their target audience, and now this trend is not going to stop anytime soon. Instead, it will keep on growing.
Hire the best mobile app development company and let your business give the mobile application the power to have a boom in 2021.
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