Month: January 2021

How to decide perfect price for your Mobile App? In-App Purchase Analysis

Posted on by Dhaval Patel

Today, the app industry is booming all around. We find millions of apps already live in the Apple App Store and Google play store with hundreds of app launches every month. The study proves that last year the majority of people were spending time on their phones. For any app developer, building a great app takes center stage. For any start-up, the app development process is quite challenging. They need to consider the amount of time required to build each step, spend time on discovering, designing, and developing an application.

In the end, our prime goal is to provide excellent value to the end-users by understanding the pricing of digital products. Do not overlook the app and determine to build a scalable and profitable mobile app business.

Marketing plays a significant role in product pricing strategy in getting your app initial visibility and traction in the app store. For this, one needs to determine the product’s price, which decides your app’s success in several downloads where user retention has long run. The whole app development process includes a lot of work. It becomes tough to come with a fixed price that will fulfill the app development work. The price deciding for an app is essential, and it depends on several factors.

Determine what is a product pricing strategy?

It’s how we make money through the mobile application. Initially, one needs to be concerned rapidly by launching a minimum viable product. With using a pricing strategy, the user can build a robust product. Product pricing may seem an easy task, but it certainly isn’t. App Store and play store sprawl millions of apps and various types of pricing models evolved. We delve deep to understand it’s typed and pricing strategies and discuss its pros and cons.

The App programmer works hard to properly design the app and craft an incredible mobile application for use. One can think of various points which decide a price for the developed new brand app. Here’s the description of different points which help you to determine an app’s cost.

Cost-Oriented Technique

Using this cost-oriented Technique, the whole process of calculating the average amount becomes easy. First, you will find an appropriate amount required for crafting the app and do the app’s promotion. After this, a customer knows the amount of charge he needs to spend on developing an app and what estimate price he should charge for selling the app. With this, you will be able to come to a point for making the correct decision for the app’s price.

Demand-Oriented Technique

It’s the other way to finalize the cost of an app. In this Technique, one needs to search for different people & see how much they are willing to pay for the app. One can offer various price ranges for your app with some attractive offers for the user. By following this criterion, the whole process becomes a little easier to judge on the price app.

Value-Oriented Technique

Value-Oriented Technique helps calculate the original cost for the mobile application. It focuses on the significant points which calculate according to the user’s profit & which are right rendering to the app’s best features. If a user finds the app beneficial, they will never think to spend more buying that app.

Competitor-Oriented Technique

The competitor-oriented Technique is used to decide the app’s price by keeping its competitors’ expense in mind. It helps applications get more downloads when you increase a little more worth from your competitor’s price. It shows the app has unique & useful features. Don’t grow too much cost for the app; otherwise, customers would never buy such a mobile app. Sow the best features with the right price that makes a great impression on the market.

Types of Mobile Pricing Strategies

  • Free

Who doesn’t love to get something or anything for free? The customer expects to get apps for free. To offer free apps is a good step, especially if you plan to attract many users. But how can one make money through the free app? Well, there are mainly two types of free apps. One which is an entirely free and in-app purchase app.

  • Completely Free

These kinds of free apps come with add-ons established products or services. The main goal of these free apps is not to make money directly. Instead, they can generate revenue by driving people to other revenue streams. For example, one’s app offers coupons that can be purchased through the website. Also, there are few banking apps which makes it easier to manage their finances on the go.

Here is a Guide to Make Money from Free Apps: Tips and Strategies

  • In-app Advertisements

Using this strategy, one can use for ad revenue. These advertisers rent the space within your app, and people see those ads when they use your app. But still, the application is free to download. If you’re planning to build a gaming app, then the in-app purchase is best recommended.

Understand here why Mobile App Advertising is changing the world scenario by spreading awareness among people to adopt the technology trends. 

  • Freemium

It’s a model where the app is available free, but a few additional tiers and features are used within the app which is chosen to pay for. Mainly there are three types of freemium apps.

  • Users download the app for free, and they must pay to move to the next level. One can get boosters, use in-app currency and proceed.
  • The application comes with all added functionalities and features with limited time offers. Users need to pay to continue.
  • The app is free but contains ads. The user gets options to pay for a one-time fee where ads are removed.

Various points on which app developers work before declaring the price of a mobile application

  • Compare the app with the other apps in the market.
  • Take a look at the features that other apps have and find whether their app has all the features or not.
  • Looks to find a competitor’s app price and then compares it with another app.
  • Avoid high-range of app price & set price of an app lower. compared to its functionalities to avoid negligence from the audience.
  • Download and look for other apps which fall in the same category.
  • Research the full market of an app for concluding the price of the mobile application.
  • Participate in the app’s download competition; it’s just for making the best app at a reliable cost.
  • Check the graph of the app’s download, which shows several apps get downloaded.
  • After the app development, check the app’s features and find whether any part is missing or not.

Ending Thoughts

Agile Infoways encompasses a well-educated team of app developers having above 5+ years of experience. With this experience, mobile application programmers are capable enough to fulfill user demands. Our strategies are simple, where we aim towards excellence. Our goal is to satisfy all clients by providing them with the best results.

Top Most Issues People Are Facing With The Shopping Apps!

Posted on by Dhaval Patel

Mobile app development has become the top things for facing a considerable profit in all types of business. E-Commerce is the field that is expanding globally and discovering many different things for customers’ ease. Many app developers are available in the market who are trying their best to make unique shopping applications. The hard work of an experienced and dedicated app developer is needed for introducing the most usable, attractive, and feature-full apps in the market for the sake of customers.

Here you can check the whole growth of the e-commerce industry in the last few years.

When a customer wants to buy anything, they go on the Internet. With this demand, eCommerce has grown at a rapid speed. With increasing competition among online sellers, the challenges to get ahead also increases. With the rise of digitalization, companies have changed their way of operation. Customers no longer need to go shopping, instead can make purchases online. Most eCommerce stores offer great deals on goods and services.

With time, the challenges are rising and making the shopping experience a lot easier for consumers. Developing an eCommerce business caters to your customer’s small to significant needs.

Check How to Choose the Best E-Commerce Platform for your Online Store?

Several articles written on the topic that – What are the different ways to expand E-Commerce Shopping Apps? What do app developers do for making improvisation in shopping Apps? But nobody has ever shown interest in the topic like – How to improve mobile shopping apps? What app developers do to make more effective and improved shopping apps? In that case, we have listed the topmost issues your customers are facing while doing online shopping.

Challenges that are faced by the eCommerce company

Online identity verification

Few traditional businesses are facing difficulty to create an online presence. It needs mobile apps to utilize location services that automatically tag the order location, double the investment, and need time to develop apps.

Solution for retailers is to start adapting current strategies and solve the investment problem. Utilize the pre-existing retail outlet and work as warehouses and stocking locations.

Delivering an omnichannel customer experience

Here the concept is very simple. Create a network and brand it everywhere. It isn’t restricted to the online or offline conundrum. Any issues faced by an organization are established due to the failure of the service providers to integrate the channels and provide a smooth experience.

The solution is to deliver a seamless experience to the customer and integrate with all channels on relevant platforms which adjust carefully and enhance what it does best.

Outshining the competition

With growing M-Commerce, the businesses tend to focus more on standard customer requirements Cheaper price best motivates to buy online. The competition between existing online retailers and a new generation of app development is intense. The problem is to give quality at less price and satisfy the customer in the entire process.

Also Read The Changing Phase of E-Commerce, M-Commerce & Social Commerce

The solution is to focus more on customer satisfaction than lower the budget, and they have to compromise quality. Ensure to have fast delivery, safer payment modes, and increase participation.

Hurdles in filling the communication gap

The new industry lacks integration. With low cost and fast delivery, the customer does satisfy, but it’s a challenge to stick with the trend and offer quality all the time at a low price. Offline shops are today offering a hefty incentive, great membership cards with special discounts, and loyalty points.

This is to provide excellent customer support with exclusive offers and create content based on local patterns.

Mobile app design and features are essential to face more and more downloads. This is when people want all the unique features with the best designs for facing an excellent experience of shopping with the mobile app. Let’s take a look at all the issues that people are facing while using the mobile shopping app.

Mostly people face usability issues when they visit any shopping apps. Get to know what are they:

1) Slow load time

Slow page loading and poor site performance are the most significant issues when someone opens the shopping app. In a few cases, the mobile load time may be unavoidable; some simple steps can be taken to reduce it for them.

  • Reduce image file sizes: Reduce the size of the image and support the zoom feature.
  • Code lean: Combine classic pieces of code with reducing plugins on your site.
  • Minimize dependency request: Lower the dependency request, which gives slow loading time.

2) Too much pinching, zooming, and misclicks

One-third of all online shoppers cited needs always enlarge the screen to click the right thing. It requires a lot of zooming, and they tend to cause a lot of misclicks when sending to a new page unintentionally. Here we have a few tips to skip a higher bounce rate and waste loading time.

  • Image padding: Consider placing the button before the link becomes effective. It helps in reducing the stray clicks.
  • Respect the scroll: The Mobile shoppers tend to scroll more clicks and so they experience supporting scrolling. It gives shoppers enough space to scroll and hit accidental links.

3) Text too small to read

It’s the most common problem that remains persistent by mobile shoppers. There’s a gap between what retailers assume and what shoppers tolerate. The text shouldn’t be small on the left side and too large on the other side; there would be a risk of losing customers.

  • Focus more on headline: Ensure your mobile content is less likely to get past the headline or first few sentences to frontload.
  • Add larger text: Say in a few words but give the large text to understand better.

4) Inconsistent product availability

The desktop and mobile shopping experience are bound to look from a different surface where shoppers hate it. Continuous changing navigation or product availability leads to frustration for omnichannel shoppers. To have the best experience check out a few tips:

  • Support omni-channel shoppers: If the store is only available in-store, it helps shoppers locate to its nearest store with stock availability.
  • Improve discoverability: There are times when there are products available in the store but hard to find. For that, adding keywords makes it quicker for a user to find and shop.

It’s essential to understand the needs of people in the current technology-based world. By judging the people’s wants, you will come up with the best app developed according to the need of all the customers. Mobile app developers are working hard to achieve the goals related to mobile app development. So, it is always essential to hire the best app developer for building an excellent online shopping app for your business.

Agile Infoways is the web & app development company serving people with the best-made apps by their app developers. The dedicated mobile app developers we have with us are super talented & have the required knowledge to manage any app development project. We always take full care of developing the app within the given deadline and deliver the project on time.

Related Articles: 

Mobile App Design Checklist for 2021

Posted on by Dhaval Patel

There’s a rule somewhere that every dollar you invest in your mobile app’s usability offers a hundredfold in return. Therefore, if you plan for mobile design and development projects, make sure your UX design is the key to success.

Whether you’re a first-time researcher for mobile app development companies or looking to develop the next version for your Android and iOS. One needs to understand app development better. Here we have a checklist that includes questions for various app development stages that cover planning and business strategy, deployment and maintenance, etc. With this pointer, you can start thinking about the logistics of your mobile project.

1. Minimize cognitive load

People don’t like to use brainpower much while using the app. Therefore, it’s better to minimize the cognitive load by adding a limited amount of processing power. Do not provide too much information and make the task abandoned.

2. Decluttering

Clutter is the worst enemy of good design. With adding cluttering in your interface overloads users with too much information. One more added button, image, or icon makes the screen complicated. Thus, it’s better to get rid of it and reduce clutter with improving comprehension.

3. Offload tasks

To set a smart default, you can ask the user to enter data, and while they type the previously entered data will pop up if they want to reuse it. It can save user effort and time with making your app move smartly.

4. Break task into bite-sized

If your app has multiple tasks for the user, it requires efforts to divide into small tasks. It’s an essential principle for any mobile app designer as no one likes complexity at one go. For example, while checking out from any eCommerce app, we need to follow steps that require users to fill in data. Therefore, to cut short, designers break down the task to move ahead step-by-step towards processing payment.  

5. Minimize user inputs

Users don’t like to type on small screens, and it makes them uncomfortable. The most common problem faced by the user is filling out the form. We can’t avoid filling forms, but we can make them as short as possible. Remove the unnecessary fields and minimize the information from the users.

6. Anticipate user needs

Before designing the app, look for things, and steps users are looking for in your app. Moreover, the most crucial element should be highlighted on the screen and should gain more visual weight. It’s possible by using font-weight, color, and size.

7. Avoid Jargon

Give the user a clear idea about what’s your target audience, whom you need to determine. User appropriate words and phrases with not confusing users.

8. Make the design consistent

Consistency eliminates confusion. Therefore, it’s a fundamental principle of design. To maintain consistent flow is essential throughout an app. Regarding mobile apps, visual, functional, and external consistency is added across multiple products.

9. Put the user in control

One needs to keep elements interactive and predictable. Allow users to understand that the button needs to be clicked to perform actions. The back button should work appropriately if users need to go back when multiple steps are processed. There are chances that an error occurs due to the user’s mistake or app failure. And UX plays a vital role in error handling. So, make sure you handle it properly without frustrating users. Never assume that all users are tech-savvy to figure out things. Whenever an error message pops up, it should tell you what went wrong and the next step the user needs to take to fix the error.

10. Design an accessible interface

The design encourages users to use your product app successfully. Once an app should be able to interact with vision loss, hearing loss, and other disabilities. Success and mobile forms are often coloured green as research shows 1 in 12 men and 1 in 200 women suffer from low vision. Keep a note that colour should not only be used visually. It should convey a message too.

11. Make navigation simple

It’s a high priority for every app to help the user navigate properly. It’s better to use a standard navigation tools drawer and know how to get around the app. Prioritize navigation based on how users interact with your app. Give prominence in UI to paths and destinations with high priority levels. Do not mix navigation patterns. Minimize the user’s memory load by making actions and options visible.

12. Offer users animations to clarify navigational transitions

Working with animations and adding into the app helps users to comprehend a state change in page layout. It allows them to trigger the difference and make it easy for them to initiate the change when required.

13. Be alert while using a UI gesture

The user’s UI gesture is tempting, but it’s better to avoid it. As it can cause the terrible failure of UX. The simple thing to follow here is to use standard gestures that take no extra effort to discover. The gestures do work as shortcuts, but they aren’t a complete replacement. Thus, vital care is needed while using a UI gesture.

14. Focus on the first-time experience

The user gives only one shot to your app. If you fail to impress for the first time, they won’t relaunch your app. Therefore, we need to focus on the first impression. Avoid sign-in before using the app. It’s a common mistake most designers make and this abandons them to use your application. Secondly, design and excellent onboarding experience to show your app value. Your applications must provide an interactive tour with progressive disclosure and show them how apps work.

15. Make your application faster and responsive

For any applications, loading time is essential. Study shows that nearly 47% of users expect 2 seconds or less loading time. If the page takes more time to load visitors might get frustrated and leave your application. It doesn’t matter how fast your app is, but some things take time to process. This makes the app slow, and it causes a bad impact on users. If you can’t change the process, then make the user’s waiting more pleasant.

16. Take care about loading content visible on the screen

Whenever the page loads, make sure you fill the screen with enough content. When the users scroll the page, they should find content and should engage while reading. While the user reads the current content, few readers might not notice that other content is still loading.  

17. Do offer other visual distractions

If your apps give the user an exciting look, they’ll surely wait and pay less attention to wait for more. The other visual distractions don’t bore the users while waiting for something to happen. By merely adding a waiting animation can retain the user’s attention while they wait.

18. Do show skeleton screens

Skeleton screen shows the blank version of the page into which information loads gradually. It helps users to show the shadow of the page that is loading. It gives a great impression to the user indicating the app is working fast and is responsive.

19. Optimize content for mobile

For any app, designing content plays an important role and is the primary reason people use an app. The content should talk enough about the app and should be easy to read and digest. Whenever we think of content, it means typography, an optimized version of readability, usability, and overall graphics.

20. Offer High-quality images

The high-resolution screens set a bar for the user to stick to your app. Also, images should appear in the right aspects’ ratio, so they don’t look distorted. Ensure the pictures aren’t too stretched or too long to fit in a space and look unappealing.

21. Optimize Video Content for portrait mode

In this digital world, video content is becoming the standard method for many users. According to YouTube, it says the video content is growing 100% each year. And last year there was 75% growth observed globally. Also, a ScientiaMedia study said 94% of users were using a mobile device in portrait mode. 

22. Take Benefits of device capabilities

Mobile devices come with a lot of sensors like cameras, location tracking, and accelerometer. Use them to improve the UX. Simplify the data operations using the camera. Use a digital camera from the application, read credit card details, and use it with ease. One can add the device location to get the relevant user’s location. If you’re looking to minimize the steps required to login add fingerprint touch login or facial identification.

23. Testing and Feedback

If you have done with all the above principles, it’s time to design a better mobile experience by testing it. After developing and designing the app, it’s necessary to test the app and take feedback from a user perspective. Build a feedback mechanism and ask the customer to leave feedback which can help in UI improvement.

Check here Why is Logo Designing for a Mobile Application a Crucial yet Important Task?

Wrap up

Designing is a never-ending process. After adding all the above pointers, there would be something missing out, but you’ll get it after experiencing it. But don’t worry if this is your first attempt the above checklist will help build a perfect app design.

Treat your app as a continuously evolving project. Add data, test the interface, and take feedback to improve the user experience. If you face any problems in mobile app design, then we have an excellent mobile designer who is ready to help you get rid of it. In the end, listen to your users, take necessary actions, and adjust accordingly.

Mobile Apps and Wearable Technology to Boost Business Performance

Posted on by Mehul Gohil

If you own a small business and don’t have a mobile app, you need to build one. To stay ahead in this market, you need to take your business on mobile. Additionally, having a web presence or mobile-friendly website isn’t enough. Therefore, it’s a must to carry out user activity and shift to mobile. Similarly, it goes with wearable technology. It is expected that nearly 1.1 billion connected wearable devices would grow by 2022. The technology makes a futuristic appeal with an exciting investment to improve and revolutionize workforce automation. It helps several businesses to overcome challenges in areas of employee policy, assets, and customers.

With evolving technology, companies are preparing for the future. They are gaining momentum in new and exciting ways. These wearables devices are rushing to level up companies with developing applications. What’s growing popularity in smartwatch brings for your business? The tech-savvy companies work with mobile app developers and create a wearable technology strategy for software and mobile app development.  

A few years back, have you ever thought that shortly you will be wearing rugged smartwatches on your wrist. Or might have minicomputers as smart devices in your hand? These days every single person can able to purchase a high technology smartwatch. As technology turns out to be more available, versatile, and functional, it can be useful in almost infinite ways. Smartwatch is the best example of continually growing wearable technology trends.

Smartwatch and mobile applications are customer-oriented devices used for businesses and enterprises. Smartphones and tablets could offer more to your company rather than just delivering emails. Mobile Applications emerged day by day & are digitizing paper-based work, empowering employees to get more essential things to get done no matter where they are. A question might arise in the mind of how to think about a mobile app that bodes well for the business.

Check how Wearable Technology Is Transforming The Way Citizens Are Living Today

Devices and applications combinedly achieve new heights of superiority. Growing dependence on mobile technology indicates organizations can put resources into mobile and think innovatively about effective business practices. It is also giving a vast increase to an entirely new market. In the world of the business market, possible apps for wearable technology are boundless. Wearable, and ERP technology, proceed to improvise and integrate. The business solutions assure unbelievable growth and achievement for small and medium-sized organizations over the commercial industries.

How mobile app changes due to wearables?

  • With changing Screen Sizes

The mobile app presents precise information through dynamic changes in screen sizes. It helps to make the informed design more pervasive and user-friendly.

  • Using Ergonomic User Interface

The application is designed for wearables where the user is concise. Its tabs are ergonomically assembled for easy access by users.

  • Lightweight and Fast

The wearables are light in weight, respond quickly, and run the app smoothly. The user feels so light that they haven’t worn the device.

  • Customizable Notifications

It focuses on customized notifications using single word messages, voice memos, and other coloured signals. It helps users to present what they want in the way.

  • Computational Capability

The wearable comes with fast computational skills due to real-time inputs and on-the-go outputs. Few inputs flow in the form of big data files that requires a lot of processing through sophisticated algorithms.

  • Low Energy Consumption

Next-generation mobile app for wearables enables low-energy consumption with ensuring longer battery life. It means people use devices for a stretched period without charging the device.

  • Advanced Interaction Features

The mobile applications for wearable devices enhance human interaction features with tapping or responding to voice commands.

  • Seamless Data Transmission

The applications allow fast and seamless data transmission between smart devices. It’s noted that several giant companies centered wearables strategy on Wi-Fi and Bluetooth.

  • Biometrics and Semantics

The new mobile applications for wearables allow integration of biometrics and semantics-based software. The sensors available are a multi-axis accelerometer, where the developer comes with greater innovation and creates fascinating enabled applications.

  • Augmented Reality

The newly upcoming wearables use augmented reality techniques and enhance human senses like feeling, smelling, hearing, and seeing. In the future, it’ll help in healthcare-related data and to improvise navigation through maps.

  • Artificial Intelligence

Mobile App for wearable makes use of artificially intelligent algorithms and predicts user behaviour to make modifications. It used to improve and personalized user experience using wearable devices.

Understand The Future of Web Design: Artificial Intelligence

  • Cloud Data and Security

The cloud offers a primary data centre as far as data storage is concerned. It predicts the future for wearables. Security is vital to ensure employment with protecting user data. It gives user data access in the cloud and applications expedited with features like biometric, and voice recognition techniques. 

How to develop a wearable technology strategy?

Wearables are a well-known type, easy to use, and to go a long way in the future. Few pointers to consider are:

  • Understand Usage:

It’s essential to understand your mobile app if you’re converting it into wearable-friendly form. There are a few features that the user finds helpful runs on the go. The wearable devices can wear on your body for a long time.

  • Identify Core options:

Wearables and smartwatches mainly focus on the basics where we need to consider features that include core components of a wearable app. Few applications split into multiple smartwatch apps if it’s more conducive to user needs.

  • Identify Growth and Advancement Areas:

There are several forms of wearable technology that begin its future development. There’s a high demand for smartwatch apps which monitor blood pressure, body temperature, and saturation in your blood. Get set to identify the areas and take advantage of wearables that allow gaining a competitive edge in your industry.

Future of Wearable Technology

Your business’s future relies upon the capability to get your business rooted in the smartphones of your users in each corner of the world. One needs to go mobile & be prepared to grow. Wearable computing devices empower users to go hands-free. There are several tactics to utilize wearable at work. For search-rescue teams and mobile warehouse workers, the wearable can offer high-tech mobility solutions and tracking elements. The wearable can also be able to control equipment such remotely,

  • Machinery-on an assembly line
  • Make the workplace safer for employees
  • More productivity
  • Payments on the go

Workers, who have to wear suits like environmental disaster teams, could have hands-free access to data via smart glasses or smartwatches. We can say mobile apps and wearable are set to enhance business effectiveness. So, go with mobile and wearable first, profit will follow you for sure.

To conclude, the wearables devices evolution such as contact lenses, watches, spectacles, fitness trackers, caps, belts, and jewelry lead to advanced mobile applications. Every mobile app for wearable needs a unique feature depending on the industry. Feel free to talk to our expert and give your idea a portable touch. Connect with us.

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US IT outsourcing Statistics 2021

Posted on by Jaisal Shah

Key IT outsourcing statistics for the United States

  • 54% of the companies are choosing to outsource their work in 2021
  • 60% of workers do freelance in the US
  • Nearly 80% of businesses all over the world have great trust in their outstanding partners.
  • 70% of financial service executives offshore or offshore some of their services.
  • A survey by McKinsey’s shows nearly 87% of companies are experiencing a talent shortage.
  • Approx. 300,000 jobs outsourced out of the US every year.
  • The global market size for outsourcing reached $92.5 billion before the pandemic.
  • More than 90% of companies moved to cloud services to improve outsourcing.

Tech talent shortage statistics

  • Manpower Group revealed that nearly 69% of US employers face issues to fill positions.
  • The pandemic affected the American tech market. Therefore, 92% of companies shifted to cloud workloads.
  • The US IT industry ranked 13.2% of staff turnover, which is the highest among all industries.
  • By 2026, the Bureau of labour statistics exceeds 1.2M, where 545k software developers left the market.
  • Due to the IT talent shortage closing, nearly 30% candidates feel the software architect position is left out and 40% of DevOps job openings meet the employer’s needs.
  • 50% of businesses hire tech employees and the mismatch between actual skill, quality of products, and services decreases.
  • With a shortage of overwhelming developers, there is an increase in the growth of software developer salaries. The median computer salary in the US is more than $100k a year, where states are two times larger than average regional pay.

IT outsourcing trends in 2021

AI, IoT, Blockchain, and Robotic process automation

  • Based on IDC research, Blockchain is expected to reach USD 11.7 billion by 2022.
  • A global market is predicted to reach $190.61 billion market value by 2025.
  • The AI chip market revenue is predicted to reach $84 billion by 2027.
  • Nearly 93% of automation technologies feel prepared for upcoming challenges regarding innovative machine technologies.

Growth of the cloud services

  • The cloud market is going to $289 billion by 2021, based on the Gartner Revenue Forecast.  
  • The hosting, computing cloud service market, and storage were estimated by 2021 to be growing by $163.
  • The Cloud Service grows by 2017 with reaching $1.8 billion. In 2018, the GDP of 7.2% had cloud storage statistics with the reveal.
  • The CAGR cloud services are projected to be 24% within the 2020-2025 period.
  • AWS has over 1,000,00 active users, with the public cloud service market predicted to be $331.2 billion by 2022.
  • The average cloud budget increased by $75 million by 2020, which is pretty much the company’s average cloud budget.

Cybersecurity

  • Nearly 70% of companies are not prepared for cyberattacks which result in a cybersecurity skill shortage.
  • The average cost of a data breach predicts $3.86 million by 2020.
  • By 2020, malware will increase by 358% and cybercrime will cost $10.5 trillion by 2025.
  • The internet-connected devices are expected to increase by 31 billion to 35 billion by 2021, with a prediction of 75 billion by 2025.
  • Any new organization falls victim every 14 seconds in the year 2019 and has lowered to 11 seconds by 2021.

Digital transformation

  • In the recent tech spending areas, by 2021, it’s expected to increase augmented reality, virtual reality, artificial intelligence, Internet of things, and Cloud.
  • The digital leader by 2021 will mix low-code and integrate technologies to improve employee and customer experience in more business areas at a greater scale.
  • The spending on digital transformation services and technologies spread from 2017 to 2024, rising from 3 trillion US dollars.
  • IoT comes with the largest share with the overall digital transformation market in 2019, where AR/VR technology predicted the fastest growth by 2025.
  • Nearly 87% of companies think digital is disrupting the industry, and 44% are getting prepared for the potential digital disruption.

Check Out Digital Transformations in 2021

5G

  • The world, by 2024, would cover nearly 40% 5G network and currently 25% of mobile traffic data handling.
  • Deploy Fiber optic cabling to enable a 5G network by 2021 with an estimated cost between $130-$150 billion.
  • The global 5G services market size value is USD 41.48 billion by 2020 based on the granviewsearch team and is expected to grow at 46.2% from 2021 to 2028.
  • Based on an estimate nearly, 400 million IoT devices were cellular-connected in 2016 and are predicted to reach 1.5 billion in 2022.

AR VR market growth

  • The market size of AR and VR is forecast to hit about $18.8 billion by 2020.
  • Virtual reality growth is observed by 21.6% from 2020 to 2027.
  • AR VR shows increased demand for devices of 5.5 million shipped to customers worldwide in coming years.
  • 58.9 million people use VR and nearly 93.3 million use AR for a month in the US in 2021.
  • The technology insight largest revenue share is over 80% in 2020 and anticipates registering the highest CAGR from 2021 to 2028.

Remote work statistics

  • Based on Boston Consulting Group, nearly 75% of employees feel to have improved productivity.
  • This year, nearly 81% of workers have more loyal employees with flexible work options adding remote work.
  • Few estimates show to save employees approx. $ 11,000 to work from home.
  • 80% have a flexible job that manages employees to help them overcome mental health.

Focus on service quality

  • 89% of businesses today expect complete satisfaction on customer experience.
  • 55% of customers have higher expectations from customer service, which has jumped to nearly 66% for the age group of 18-34.
  • 96% of customer service plays a vital role for the customer looking for loyalty to their brand.
  • 90% of customers are influenced by positive reviews when buying a product.
  • In 2021, 99% of customer experience management gave a positive impact on business.

Most frequently outsourced processes in 2021

  • Nearly 25% of organizations increase outsourcing efforts in 2021.
  • 70% of the IT market worth originates from outsourcing by the end of 2021.
  • 45% of HR outsourcing stats imply HR Consultant followed by time tracking and insurance service.
  • 75-80% finish manufacturing products are outsourced where the company’s minimum wage is $160-$358 per month.
  • When we talk about the banking industry, 40% of help desk positions are outsourced.

Software outsourcing hotspots

  • The market size has grown to nearly 54%, where companies use third-party support teams to connect with customers. 
  • 71% of financial service executives outsource some of their services. 
  • 65% of businesses outsource application hosting, which increases their outsourcing efforts in the future. 
  • 50% of employers found outsourcing services best for growing their businesses. 

Future of IT outsourcing

  • The analyst predicts that the industry continues to fight short-term and get more flexible pricing contracts. 
  • Some buyers seek standardized solutions from outsourcing engagement through performance rather than pricing.
  • Industry experts predicted that American and Europe would have new outsourcing destinations in the future. 
  • The consumption-based technologies delivered through the Cloud are very cost-effective. Few analysts predict that European carmakers would be starting to outsource their business soon. 
  • The global outsourcing market will continue to move ahead with making its outsourcing presence in Russia and Brazil. 

India is increasing and needs corresponding growth in infrastructure

  • With the rise in labour cost, companies move towards smaller Tier-II cities. 
  • Political crises in the market of the UK and US results in outsourcing restrictions placed in place. 
  • Today, India continues to become a world leader in the outsourcing business. It faces tougher challenges shortly for counties like the Philippines, Vietnam, Malaysia, Indonesia, Singapore, and others to improve their position as an alternative offshore location. 

 Wrapping up

The companies mainly focus on bringing manufacturing, and other outsource industries back to American soil. The above outsourcing statistics show an obvious split between small to large businesses with emerging technologies like the Cloud and robotic automation changing the market. 

As outsourcing is likely to grow globally, the function outsources the companies which rely on the change. The operations move in-house while the other sectors like software development and maintenance remain outsourced. 

Talk to our experts and find out how your business or project can start benefiting from our outsourcing services.

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