Current Tendencies Ιn Τhe Mobile Market Ιn 2020

Current Tendencies Ιn Τhe Mobile Market Ιn 2020—Infographic

Analysts at App Annie predict that in 2020, android device users will spend 674 billion hours on Entertainment, Video Player, and Editor content. In 2019, this figure was 558 billion hours. According to App Annie, global mobile advertising spending will have reached $240 billion in 2020, compared with $190 billion in 2019.

In 2020, global consumer spending on apps from the iOS App Store and Google Play is expected to increase to $105 billion. Ericsson Mobility's 2019 report predicts that by 2024, 34% of global mobile traffic will be in 5G and 64% of the global population will have 5G coverage.

1. Beacons

According to Transparency Market Research, by 2024, blockchain technology will have reached $20 billion.

2. AI

The AI market will have grown to $40 billion by 2021.

3. Chatbots

It is expected that by 2025 the chatbot market will have increased to 1250 million. Today, this figure is approximately 500 million dollars.

4. IoT

According to GrowthEnabler's IoT report, the global IoT market has been growing by about 28.5% annually since 2016 and will have reached $457 billion by 2021.

5. AR And VR

In 2020, AR and VR technology will revolutionize app development in the following areas:

Healthcare
Real estate
Engineering
Retail

6. IoB

The number of wearable devices will triple from 84 million units in 2015 to 245 million units in 2020. The wearable device market will have cost $33 billion by the end of 2020. As Business Intelligence claims, the wearable device market will have increased by about 35% in 2020-21.