Many of us might question or appreciate how a trend five years back has been replaced with something more savvy. The holder of such thoughts is mostly technology geeks only. By the time we are still processing the remarkable tech changes, a new technology might have taken place on the other end of the world. Researchers have also stated that “when it comes to technology including mobile applications, it will keep evolving based on past trends.”
Earlier, talking of Mobile applications development, the apps only consisted of mere informational content instead of displaying graphical content. But, today, the whole scenario has taken a shift. And innovation is responsible for most of the part. The driving factors have made applications evolve by bringing the content based on intuition without deviating from what the user expects. The most shockingly exciting part is that the applications are not running on a single idea, making it simultaneously beneficial for businesses and tech-savvy users. If you are still processing the technology, then mobile applicationsMobile Applications Changed the Way Businesses Operate Globally.
In this post, we will be looking over the arrival of on-demand mobile applications and how they have gained user’s attention, benefitting the businesses with just a tip of the finger.
Mobile Applications changed the Business that Ruling The User’s Heart
As discussed above, evolution has changed many things so are the expectations of users. Nowadays, the users crave convenience, and the evolved applications are entirely taking care of it miraculously. Several industries are upscaling their reach by tallying down user needs by creating a brand’s digital presence. Applications act as a bridge between businesses and users, offering them instant access to any service they wish to utilize. Below we have mentioned some statistics orbiting around mobile applications.
- By the year 2023, mobile applications are expected to gain more than $935 billion in revenue.
- 31 percent of millennials use it more than 50+ times each day.
- 50 percentile of people use an application more than 11 times each day.
- The 69 percentile of US digital media time is sourced from mobile applications.
A significant part of what makes mobile applications so popular among users is that applications are not restricted to only one specific niche. The mobile applications are enabling the users to get goods and services on demand, due to which they have started expecting it at an exponential rate with multiple brands and niches.
Moving forward, the applications allow the users to be spontaneous while surfing through the app and making a sudden purchase decision whenever they feel so. It does not end here; the mobile applications have helped many employees by giving them a steady source of income.
The numbers are jaw-dropping, automatically attracting investors from all over the world to the mobile app development domain. Let us have a look at some of the popular industries operating solely on mobile applications.
Industries Leveraging On Mobile Applications for Business
Businesses or industries are looking up on mobile applications because of two primary reasons –
- Increased popularity
- Ability to build a brand
Have a look at the few sectors where mobile applications are leaving their mark.
Food Industry
The reports on Statista depict the food sector is more likely to grow with a rate of 9.3% by the year 2023, resulting in revenue generation of USD 134.490 million. The greatest factor in the industry heavily supports the reports are restaurant to consumer delivery.
Entrepreneurs who are already experienced in this sector strongly believe that the number depicted above is easily attainable by looking at the hike in food delivery Business.
Mobile applications can aid the food industry to generate more money and retain more users by giving access to several features enhancing the experience. Food Delivery App Development have been proven successful and secure when making their place in the foodies’ memory storage. Apart from delivering the food, mobile applications have made it easy with the availability of reservations. Just with the help of a few taps, users can reserve their table seamlessly.
The on-demand application is a segment of mobile applications that are never going down for sure. Therefore, if your users are already waiting for a delicious meal, reach out to them and deliver a hot & fresh meal straight to their doorstep.
Taxi Industry
We have all encountered how Uber has opened the restricted gates of the almost dead taxi industry with the help of mobile applications. It has been a drastic shift in the consumer need for safe and secure convenience. After introducing Taxi Disptach software in the taxi industry, users have felt access to taxis within the realms of their fingertips.
Mobile applications have played an important role by evolving the technological needs of millennials. Mobile application offers an interactive platform where both the drivers and passengers are connected by staying at both ends of the bridge. In fact the taxi app development not only stops over here, have a look at the numbers as well.
- Taxi app generated a total $11.1 billion revenue in 2020, with just a decrease of 15 percent due to the coronavirus pandemic shutting down its ride-hailing operations.
- 93 million people downloaded, and a peak of 112 million active users was there by the end of 2019.
- The drivers have completed over 4.98 billion trips in 2020.
The success of the ride-hailing application has completely changed the whole scene by boosting up the demand for the on-demand taxi business. Mobile applications quite smoothly sidelined the traditional taxi business, offering the users freedom and flexibility to go with the taxi service as per their necessities. Users just have to enter their pick-up and final location by checking up the rates.
Healthcare Industry
The power of mobile applications does not stop at one or two industries. Mobile applications are smartly becoming an important part of our lives. The innovation of the healthcare industry has become a necessity and as well as a luxury too.
For instance, we can manage our schedules, organize the work, and stay informed about all the health sector’s upcoming technologies.
The healthcare industry itself has hit rock bottom at the time of the coronavirus pandemic. This way, mobile applications have paved their back and had an enormous transformation due to technological advancements and interference. Let us help you walk through you with facts in the mobile healthcare sector.
- The mobile healthcare market is anticipated to be valued 106 billion dollars by 2019 and to increase at a rate of 28.9% by 2026.
- As per the reports mentioned by the medical app downloads platform, a spur in the demand of mobile applications will be 50 percent every year, tracing the COVID-19 and telehealth applications.
- In 2020, investors were surprisingly inclined towards the digital health industry totaling 21.6 billion dollars.
Many business owners have shown a keen interest in reaching out to a mobile app development company to develop a healthcare application. Developing an application will automatically solve all the associated challenges hovering in providing medical assistance whenever needed. Plus, the applications are automatically making it possible to get a consultation without standing in the long queue from an expert medical professional.Mobile applications have progressed to the point where customers may now have a home check-up and have their recommended medications delivered right to their door.
Mobile Applications Understands the Pain Point
Time has never stopped for anyone; it keeps on moving. Similarly, people require an application that will benefit them in completing tasks. Many of us are unfamiliar, but the busiest users are the backbone of mobile applications. And many of them are getting active on the online platforms with the rapid rate by which new and useful applications are coming out.
One can clearly see that mobile applications act as an ointment on the pain point of busy users. Plus, to make an application successful, one has thought of an idea that is out-of-the-box and convenient as well.
Now we will be discussing some of the important components of a mobile application.
Components Making Mobile Applications A ‘Showstopper’
Geolocation –
The sole purpose of a mobile application is to trace the location, ensuring to track the goods or services provided by the owner. It is essential to deliver or en route to the consumer with proper communications with the employees.
Transactions
Cash may always be the preferred mode of making payments, but nowadays online transactions have also gained popularity. Earlier, the transactions were not as secure as today. Blockchain technology has turned the tables completely. Therefore having a connection with a secured and encrypted payment portal makes things easy for the users to pay as well as the tip.
Ratings
The trend of leaving a review began only when people were ready to go online, for which they needed assurance. Surprisingly, a review satisfied the requirement. Apart from that, it acts as a social presence of the upcoming users and a useful resource to make a brand better all at once.
Conclusion
We personally believe that customer service is everything. Therefore lookout for an app providing easy access for the users, vetting employees, and keeping up on any bugs that might pop up in the application. This industry is growing fast, so avoid sitting back and thinking about the past trends. Pace up !!