Future of Mobile Technology: What is Hot?
Mobile technology has revolutionized human lives. It is an undisputed fact, especially over the last decade where mobile technology has almost outpaced all the other industries in terms of innovation and installation. From the first ever mobile call made in 1973, the industry has come a long way as far as innovation is concerned. Key mobile market players are looking at mind control, speech-to-speech translation, and overall techno takeover on the daily human lives. The increasing number of subscribers, services, and products is proof enough for this rapid transition turning into reality.
Surreal to Too Real
Technology evokes curiosity. Its evolution with the help of innovative applications has taken it to dizzying heights. Technology instigates awe, for instance, gesture recognition. Didn’t we all think it is too far-fetched when it was shown to use through sci-fi movies? But it has now entered our daily lives with advanced user interface. Mobile future is being redefined, especially with smartphones segment reaching its saturation point. Unlike the initial phase of hardware boom, the mobile technology market is focused on technological advancements in terms of products and innovation applications.
The technology is rapidly spreading across various industrial verticals such as media, entertainment, banking, retail, software, advertising, services, you name it. New technologies give mobile the hype factor. Integration with Augmented Reality (AR), Virtual Reality (VR), and mixed reality promise tremendous prospects for expansion. Add artificial intelligence on top and you can get yourself smart agents and home assistants. The mobile value added services (MVAS) market, which includes a number of services apart from voice calling, is likely to undergo noteworthy transformation. Mobile advertisement, infotainment, location-based services, and mobile money are some of the vital elements of the MVAS market.
Mobile Technology for Young‘uns
Developers and mobile giants have made it clear that the next generation is going to be on their radar when it comes to ensuring bright future for mobile technology. Many governments from around the world are likely to encourage introducing the technology to kids at an early stage. Teaching the correct ways of using mobile technology at formative ages can positively impact the global market in terms of advancements and innovations.
Governments from United Kingdom and various European Union countries like Spain, France, and Poland have integrated coding in their educational system. Along with introducing the children to the technology, such educational programs are anticipated to improve the logical thinking ability and mindfulness, and problem solving skills among secondary and higher secondary age students.
Mobile technology, cloud computing, wireless communication, to virtual reality and augmented reality, children of today are being fed with a vast amount of data. Educators and parents can steer the direction of this data and use the fancy gadgets to introduce the kids for educational and knowledge-gaining purposes. This stream of thoughts is expected to boost the mobile market in the next couple of years. Growing trends of eLearning, connected learning, and virtual classrooms are anticipated to offer major traction to the market.
Up and Coming Industries
According to the expert researchers of today, mobile technology is going to leave predominant impact on three major areas or industries. These industries include healthcare, business, and financial services. Both business and finance services continue going through digital transformation. Digitization is the organic step of development of the modern day. However, as the technology gets more and more intricate, the market players intend to introduce simplified and inclusive solutions. Plastic money, cloud computing, and contactless payment are just a few examples that help gauge the direction in which mobile technology is moving when it comes to business and financial services. Both these services are including Bluetooth 4.0 and Near-field communication (NFC) for the advantages they have to offer.
Easy access to smartphones across the world creates immense growth potential for the healthcare segment. Mobile health or mHealth services are gaining prominence since last couple of years. Mobile technology is being used and discovered for the health industry in terms of diagnosis as well as treatment. Medical direction is also expected to witness massive growth over the years, as it grants the consumers an east access to suggestions and decisions. Apart from that, fitness is one section of the healthcare industry, which is taken by storm by the mobile tech. from monitoring pulse sugar levels to managing diets, sleep patterns, and lifestyle; mobile technology is everywhere. Usage of advanced features like sensor technology, cloud storage, and community sharing may anchor the market toward brighter future over the years to come.
Where Does the Mobile Market Stand?
The ability of mobile technology to grant easy access to users is anticipated to reflect on heightened demand for different sections of the global mobile technology market. Rising number of mobile users and increasing popularity and penetration of smartphones are significant factors that need consideration while gauging the factors that impel the mobile market.
Banking Services
Many developing regions of the world are experiencing smartphone revolution, which bodes well with changing trends in the mobile banking market. Growing consumer preference for convenient interface and easy banking from their place of comfort are some of the vital elements that are anticipated to boost this market over the years to come. Banks are shifting their focus to customer mobile transactions, which may give a significant boost to the already flourishing global market. Innovation remains the buzzword for this market, with different baking service providers offering advanced technologies to lure larger customer base.
Gaming
Easy access to high-tech gadgets is the key factor that can assist the gaming companies when it comes to attracting new customers. Popularity of online games remains significantly high, which may propel the mobile gaming market in near future. Proliferation of smartphones and tablets and varied preference for different operating systems, such as Windows, Android, and iOS is a major market driver. According to the experts, mobile app developers and gaming companies are likely to witness steady growth with the help of in-app purchases and game purchases. Mobile ads may assist the companies when it comes to grabbing greater revenue and overall market share.
Other Technologies
Mobile robots and mobile unified communications market are the two vital segments of the mobile market that require special mention when it comes to tracking the major developments in this market on global scale. Low cost of ownership, trend of gaining the most competitive advantage, and necessities like optimized business workflows are expected to impel the unified communications market for mobile technology. Mobile robotics is a rapidly developing sector. It is expected to witness steady rise over the next few years with high demand from military and defense. Advancements like automated cars and rapid commercialization of robotics may play their part when it comes to driving the mobile market on global level.
Microsoft Corporation; Avaya Inc.; Alcatel Lucent; Cisco Systems; Zynga, Nintendo; Visa; PayPal; Western Union; and MobileRobotics Inc. are some of the key players at the top of their game in the global mobile market. Apart from business partnerships, and mergers & acquisitions, most top market participants are keen on spending their valuable time and resources on innovation, which remains the key to the future of mobile technology.