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Top 10 Enterprise Mobile App Trends to Consider in 2021 – ReadWrite

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3 years ago

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Top 10 Enterprise Mobile App Trends to Consider in 2021 - ReadWrite


The mobile app development industry’s future is so advanced and brighter than it has been in recent years. For the digital age, development has always set the stage for tremendous growth. Businesses are well aware of this reality, and they continuously seek to improve and make the most of the most prevalent technology to secure their future growth.

Mobile applications now cover every aspect of modern life, including shopping, bookings, service needs, learning, food, including wellness. The year 2021 is projected to be all about mobile apps.

The Stats for Mobile App Trends

  • As per Statista, worldwide mobile app downloads will hit 139 billion in 2021, increasing to 161 billion by 2023.
  • In reality, mobile phones currently account for 70 percent of all user traffic. On smartphones, approximately 75 percent of the emails are accessed instead of computers.
  • As per Statista, by 2021, the mobile app industry is projected to rise 385 percent.
  • As per Statista, User spending on the App Store will rise by 92 percent to $ 157 billion by 2022.

The figures speak for themselves regarding mobile apps’ success; they’ve made their way into every sector and business. You would need a mobile app to succeed in the present era. Things are experiencing a surge, technology is evolving, and we’ll discuss the forthcoming mobile app development trends today.

Here you will learn more about the mobile app market by providing an in-depth look at the mobile app development trends for 2021. So without any further ado, let’s get started.

It’s no surprise that mobile app developers are in fierce competition as mobile is increasingly overtaking laptops. Various mobile app developments will be evident in future applications, along with various technologies. Enterprises are still hunting for innovations and mobile app trends that can enable them to have improved customer engagement, experiences and gain a competitive advantage.

In this era of technological advances, it is important to pay attention to trends. Let’s take a look at the enterprise mobile app trends for 2021.

Top 10 Enterprise Mobile App Trends

These mobile app development patterns will give an additional competitive benefit over your competitors and help you become more popular with users. So take a look!

#1. Internet of Things (IoT)

Even though the Internet of Things has yet to reach its peak, it will remain the best mobile app development trend. According to Statista, by 2025, over 75 billion Internet of Things (IoT) linked devices are being used.

The Internet of Things (IoT) is a network that allows for smooth data sharing to gain control over specific goals. To put it another way, IoT mobile app trends allow wireless communication. It allows sensors and processors to be attached to seemingly innocuous everyday objects, making them smart and paired.

Many big companies are bringing each IoT device, building an integrated world, and enabling users to access their electronic home appliances via a mobile app like smart lamps, smart doors, smart TVs, smart fans, and so on.

Lastly, IoT technology is advancing at a rapid pace.

#2. AR & VR

With interactive experiences, the combination of AR and VR will change the entire business connectivity ecosystem. AR and VR software development is used by businesses to improve collaboration, streamline procedures, and create innovative services. The global AR and VR market is projected to hit USD 161.1 billion by 2025, rising at a 48.8 percentage CAGR from 2020 to 2025.

Augmented reality is intended to change app development trends in a range of contexts by 2021, including healthcare, manufacturing, real estate, retail, and many others. An interior designer, for instance, could develop a unique mobile app. The prospective client will be asked to upload photographs and videos of the house. The app will give the customer an overview of the property based on the required features using augmented reality.

Where can it be more useful?

  • The prominence of AR and VR in the gaming industry is already increasing.
  • In the fashion world, AR and VR are also being used. With the aid of augmented reality, users can try on outfits or eyeglasses on their digital model.
  • VR is being used in the education sector for various specializations such as medicine, engineering, and aviation.

#3. AMP

AMP stands for “Accelerated Mobile Pages.”

Enterprises are focusing on accelerated mobile page technologies to attract more consumers because they are in fierce competition. Accelerated Mobile Page (AMP) is a stripped-down HTML version that enables companies to build faster-loading mobile pages.

AMP improves user experience on your website and improves your Google search exposure, resulting in more visitors. As a result, both innovations form a major trend in mobile app growth for 2021 that you must keep an eye on.

Enterprises may use this technology to create high-performing applications that improve user engagement.

#4. Chatbots

Chatbots are one of the most innovative and exciting technology development trends that have been revolutionizing human-machine communication. Humans can interact with apps using chatbots, such as software that answers a user’s customer service query.

Chatbots can be used in hospitals, insurance agencies, banks, and other businesses to manage and address day-to-day customer problems, resulting in increased customer retention and loyalty rates. Siri and Google Speak are more advanced chatbots that can analyze and provide details in a human-like voice.

#5. Mobile Wallets

Mobile wallets are rapidly gaining popularity among users. Whenever the user needs to handle a payment, they no longer pay in cash or enter our login credentials. All they have to do now is connect their bank accounts to a mobile wallet app.

Then, using the mobile wallet app, users can send money to others. The payment method proved simpler and faster by combining payment gateways with mobile wallets.

Like Amazon Pay, Google Pay, PayPal, and others, many mobile wallet apps were already very prominent. As a result, it’s probably time for developers and enterprises to integrate mobile wallets into their applications.

#6. Apps for Folding Display

The folding screen is a mobile app development trend that will revolutionize the phone market in 2021. The mobile app development plan must be planned so that it runs smoothly on such phones.

Any app would have to be modified to be consistent with this movement from an app development viewpoint. As foldable display devices are becoming more popular, the desire for applications that embrace this functionality will rise.

Gaming applications can get the most out of foldable devices by easily increasing their displays or using ample width to provide more details and controls.

#7. Cloud Apps

Cloud-based applications, an increasing and fairly new competitor to traditional mobile app development, offer a lot more than native app development. Since this doesn’t have to function natively on the computer, you can effectively build one application for both Operating systems on the cloud.

The benefits of cloud apps are:

  • More secure compared to other apps.
  • Takes up no memory on the computer.
  • Little time spent on app development.

Developing cloud apps is not an easy task; try getting the right mobile app development company for quality and smooth mobile app development.

#8. Verification using Biometrics

Smartphones are becoming heavily dependent on biometric authentication. It was just used to unlock a phone, but now it is also used to access bank accounts and update Smartphone apps. In 2021, all mobile applications must be ready to incorporate Touch ID or Face ID into their functionality.

Biometric authentication may involve face detection, speech recognition, keystroke dynamics, or patterns. It’s a good security verification tool because it’s one-of-a-kind, non-replicable, consistent over time, and there’s no chance of losing it.

#9. Wearable Apps

Wearable applications can be used on smartphones as an accessory or part of a person’s everyday clothing. The innovation was first deployed in 2009, and the wearable app industry is projected to hit $929 million by the end of 2021.

Wearable devices are attracting a lot of attention from enterprises. Users can also use a wearable to render and receive phone calls, respond to texts, and update their newsfeeds, in addition to monitoring their everyday activities.

Shortly, mobile app development trends for smart wearable devices will only be a strong foundation.

#10. Blockchain

Blockchain is one of the mobile app development trends currently being widely used to protect precious data. This distributed technology, which started with the introduction of Bitcoin, preserves data packets as decentralized ledger ledgers in a safe and protected manner to guarantee that transfers are maintained in various locations that cannot be changed simultaneously, rendering the system practically unbreakable.

This technology is being used by financial institutions, enterprises, digital transaction channels, and others to keep their information protected; that’s the most valued thing these times.

Closing Words

In terms of app development, 2021 is projected to be a revolutionary year. The Google Play Store and the App Store both have tons of apps. If you’ve been looking for a great market opportunity or would like to digitize your company, make sure your overall approach includes building mobile applications that follow the current mobile app development trends mentioned in this blog.

We believe we were able to provide the details we promised at the start of the article; if you have any suggestions, please comment down below.

Image Credit: lisa; pexels; thank you!

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Fintech Kennek raises $12.5M seed round to digitize lending

Published

7 months ago

on

10/11/2023

By

Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Politics

Fortune 500’s race for generative AI breakthroughs

Published

7 months ago

on

10/11/2023

By

Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

Published

7 months ago

on

10/10/2023

By

Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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