The global mobile app market generated revenues of $365 billion in 2018. This is a staggering growth rate of 156% that has never been seen in any other vertices.
The proliferation of pandemics and the constant evolution of new apps will increase smartphone usage. As we move into 2022, Android users will have downloaded more than 200 billion apps and iOS users 42 billion apps. This is a staggering number.
Global revenues from mobile apps reached $700 billion in 2021. 89% of time spent on smartphones was spent using different mobile apps.
We have only scratched the surface!
What sectors will see an increase in mobile app use and adaptability? What industries will be transformed by the mobile app revolution What mobile apps will be most popular and what vertices will experience extraordinary growth when it comes to mobile apps?
These are the top mobile app development companies and businesses for 2022 that every digital and mobile entrepreneur must be aware of.
Trend #1: The Rise of 5G
The 5G, or 5th Generation, of telecom technology, is poised to revolutionize the world. According to various reports, the global market for 5G technology is expected to reach $620 billion by 2030. This figure will only increase in this year.
Around 660 million smartphones are expected to be 5G-ready by 2022, representing almost 48% of all smartphones worldwide. The 5G will make mobile apps more powerful and sharper and increase video consumption.
Trend #2: Foldable Devices
The smartphone and gadget industry will see a rise in the use of foldable devices in 2022. This is a record year for smartphones and tablets. Around 50 million foldable phones are expected to be sold by 2022.
This rise in foldable phones will make the mobile app industry interesting. There are advanced technology stacks and platforms to meet the growing demand for apps that can be folded.
Trend #3: Rise in AR & VR
Facebook's announcement of some amazing plans to create a virtual world and joining the Metaverse will see AR and VR become more common in daily life. AR and VR technologies and apps will be worth $200 billion by the year's end.
Apple has already begun to develop LiDAR technology. This is being called AR at the speed light. Google is also working on futuristic projects that use AR and VR as the foundation.
Pokemon Go was only a glimpse at the next wave in technological innovation.
Businesses will require mobile apps to support AR and VR, which will allow them to better showcase their products and services via augmented reality or virtual reality.
Trend #4 Wearable Apps
Nearly a billion people will use wearable devices, such as smartwatches and fitness bands, by 2022.
Every major tech company: Apple, Samsung and Google all work hard to integrate wearable technology into their products and platforms, and provide their users with a more connected and inclusive environment.
This is a very exciting time for the mobile app industry: With more people using wearable devices, there will be an exponential demand for new apps. Businesses will require more flexible, scalable, and powerful apps to capitalize on this trend.
Trend #5 Food, Grocery & Games/Entertainment
The pandemic and the threat of infection will cause three sectors to experience a revolution and innovation: Entertainment, Food, and Grocery. Users will have to order their daily groceries online and access more entertainment content through mobile apps.
The fastest-growing US sectors in 2021 were online grocery and food apps, with a 40% increase in downloads.
Gaming apps saw a remarkable rise in usage and downloads of over 140%. Netflix, Disney, Prime and other streaming apps report record numbers of new users, subscriptions and usage.
Businesses will capitalize on this trend and launch innovative, newer mobile apps to bring in new users from all over the globe. These trends are not the only ones. Mobile commerce and P2P lending markets will also continue to grow, as will AI/ML usage in mobile app development.
Shiv Technolabs is Mobile app development Agency at the forefront of this mobile revolution. We empower our clients to generate more growth, more revenue, and attract millions more users through innovative mobile apps and digital platforms.