It's no mystery that the mobile app market is growing, with over 6.3 billion smartphone users worldwide. App usage and popularity of mobile continue to grow rapidly, with no signs of slowing down anytime soon.
Consider the 1.14 billion tablet users globally, which has increased by 36% in the last six years. If you look up from your phone during the day, you'll see that everyone else's eyes are riveted to a mobile device.
According to surveys, the average person checks their phone 262 times daily! That happens every 5.5 minutes.
We all know that consumers use applications more than ever before. However, that only scratches the surface of the available data on this usage.
You can't build an app based just on this knowledge. That's like stating, "People enjoy eating; therefore, I'm going to build a restaurant."
Suppose you want to compete and grab part of this multibillion-dollar business; you must first understand how people download and use mobile applications. Use the information I've highlighted in this article to assist you in developing or improving your smartphone application.
These figures reflect current mobile app industry trends and relate to mobile consumers' psychology.
Regarding Over the Top (OTT) Services or online video streaming applications, we mostly use YouTube, Netflix, Amazon Prime Video, Disney+ HotStar, AppleTV+, and other global platforms. According to Statista, OTT marketplace revenue is predicted to reach $275.30 billion by 2022 and $476.60 billion by 2027 at a CAGR of 11.60%.
Chatbots, often known as bots, are causing a revolution in the mobile app business. According to projections, the Chatbot business will be worth $1.25 billion by 2025. According to Business Insider, worldwide consumer expenditure on Chatbots will exceed $142 billion in the next two years.
After rapid acceptance, Blockchain technology has broken through the confusion around: What it is Blockchain and its benefits. While technology has its obstacles and rewards, revenue charts take a perilous upward swing when paired with mobile applications.
The way individuals utilize mobile devices evolves along with them. Mobile wallets such as Google Pay, Apple Pay, and Samsung Pay will be popular in 2023. While there is still space for development in mobile wallet adoption in mobile applications, more apps will offer wallet integration as a basic feature for transaction processing by 2023.
In our spare time, we all like playing mobile games to lift our spirits, whether it's Candy Crush, PUBG, Fortnight, etc., or any other. We know that the gaming industry has a massive loyal user base worldwide for income.
Mobile applications have evolved into an essential part of our daily lives. 2022 will be another banner year for the mobile app business.
Even though mobile usage and penetration are at an all-time high, every piece of data we examined reveals that we are still on the rise. This is excellent news for everyone who has or wants to create a mobile app.
Contact the top mobile app development company immediately if you're ready to create an app in 2022. Their simple platform lets you construct an iOS and Android app simultaneously without writing a single line of code.
Last updated September 28th, 2022