In the year 2019, our phones have more personal data than ever! From banking apps to social media apps to official apps – we all have sensitive data on our smartphones. Our phones in the wrong hands could result in an apocalypse in our life. Did you know that the top 100 paid Android apps on Google Play Store have been hacked, and more than 56% of the top paid iOS apps have been hacked?
Reference Source: https://www.arxan.com/press-releases/arxan-discovers-top-100-android-apps-hacked-in-2013
Surveying the Mobile App for Security Issues
The most common mobile app that handles information insecurely are e-commerce apps. The major areas where a data breach occurs is:
The tech world has been evolving rapidly since over a decade now. People want information and services at their fingertips, and mobile app technology is constantly catering to their demands. Mobile app development has witnessed just over 28 billion downloads, which is a year-over-year increase of 11.5 percent in 2019.
Reference Source: https://demo.sensortower.com/sensor-tower-q2-2019-data-digest?src=blo
As per Statista, mobile app revenue is predicted to grow from 69.7 US Billion Dollars in 2015 to 188.9 Billion US Dollars in 2020.
Reference Source: https://www.statista.com/statistics/269025/worldwide-mobile-app-revenue-forecast/
Trends in 2018 till mid-2019
Experts in this field believe that mobile app industry will rapidly grow because the end user is always demanding more “convenient services”. Let’s take a look at the top mobile app trends that have rocked the market in 2018-2019.
In this competitive market for apps, how do you attract a user’s attention to your app? What does it take to make the user download your application from the plethora of apps that are on the app store? – the answer is through a powerful App Preview. Your next question might be, ‘how do you attract the customer in 30 seconds?’ Well, let’s find out!
The creation of an app preview can be the most daunting stage post the app creation process. Let’s take a look at the few points to keep in mind while creating an app preview:
What is an App Preview?
Artificial Intelligence (AI) has made quite a buzz in the technological field. It is a system that has the ability to mimic intelligent behaviour and make independent decisions based on the data gathered. The tasks that AI performs ideally should require human intelligence, such as situational or environmental analysis, problem-solving, reasoning, learning, and comprehending languages. Personal assistants such as Google Assistant and Siri are examples of AI mobile applications. As per the International Data Corporation, the global spending on AI systems will grow from $35.8 billion in 2019 to $79.2 billion in 2022.
Reference Source: https://www.idc.com/getdoc.jsp?containerId=prUS44911419
There has been an upsurge in mobile technologies – not only in a person’s personal life, but also in business. In today’s time, being a part of the digital world is one of the top priorities for companies. One of the major steps to upgrading to mobile is the development of an enterprise mobile application.
What Does an Enterprise Application Development Mean?
Enterprise mobile applications make the process within the company easier, and at the same time create a comfortable climate to create interaction and involve the employees. It helps the business to operate more efficiently by providing turn-key solutions for several critical tasks:
The market is constantly churning out new mobile applications each day. With the ever-increasing demand of mobile applications, companies are trying to build mobile apps that are engaging, effective and that can transform their business. They want their next app to take the market by storm! However, there are times when the app curated in the mind cannot be developed by an in-house team – they require experts! Hence, many companies outsource their mobile app development rather than dumping it on their internal team. This not only saves time and money, but also ensures that the app is bought to life by experts, rather than a team that would work on a trial and error basis.
Outsourcing mobile apps most times is a good idea except in certain scenarios. Let’s take a look at 5 mistakes companies make while outsourcing mobile app development.
Mistake 1: Background Search of the Outsource Company
In a hurry to develop the app and outsource it, sometimes the company does not conduct a thorough background search. While researching the outsource company, one must gather the following data:
The insurance industry is a financial intermediary that plays a major part of the financial industry. Even though there has been a surge in purchasing and account insurances online, there is a huge part of the population that still prefers to take insurances through insurance brokers or visiting the insurance company personally. This results in the rise of paperwork and paper contracts which are prone to error and most often require human supervision. In short, the insurance involves consumers, brokers, insurers and sometimes even reinsurers – which results in a potential failure of loss of information, misinterpretation of policy and delay in settlement.
To cut these losses, giant insurance companies are switching to Blockchain technology. Why will the Blockchain technology help the insurance industry for the better? Blockchain is the ideal technology that can store records and data cryptographically. It helps build transparent operations built of trust and stability. According to a report in The SAP Digital Transformation Executive Study, the banking and the insurance industry is planning to double up their Blockchain investments by the year 2019. The industry wants to transform and streamline their processes via Blockchain and mitigate the challenges faced while data sharing, claim processing and frauds.
In this era of digitization, almost everything in the world today can be delivered at your door step, including services. So, what are these services that you can book through an app and how are they convenient? For instance, you no longer need to leave your house or keeping waving to cabs in the middle of the road, now with the help of an app, you can just call a cab at the foot of your doorstep or if you wish to take a beauty day, you no longer need to visit a salon, the salon can come visit you
Imagine building an app with just its idea in your head or a weak structural skeleton. Can you guess what the outcome would like? Scary, isn’t it – all that time, effort and money just to create a below average app with several bugs. Hence, what we need is a diagram that presents the outcome of every possible action and whether the outcome of that product will satisfy the customers and meet their goals. In short, wireframes anticipate how the buttons will function in the apps and also let the developers know the functionalities that are absolutely necessary and the ones that are too ambitious.
In today’s time, there is an app for everything – fitness, food delivery, online shopping, dating, games, photography, health, etc. Smart phones have substantially grown over the years. In 2018, mobile traffic accounted for 52.2% of total website traffic in the U.S.
Reference Source: https://www.statista.com/statistics/241462/global-mobile-phone-website-traffic-share/
Due to these ever growing number of app users, there are many developers trying to create a market space for their app creations. The app market is booming with hundreds, if not thousands of them being added in the Android or iOS play store every day. Why do you think that is? Yes, that’s right! The app industry is making millions and billions of dollars and everyone wants a fair share of the profits. The number of mobile app downloads worldwide in 2022 is estimated to be 258.2 billion.
Reference Source: https://www.statista.com/topics/983/mobile-app-monetization/
So, How Much Does an App Earn?