What are the factors responsible for the growth of Digital Lending? | Techsaga Corporations

 

Introduction – Digital Lending

Digital lending India process of getting a loan digitally or providing instant funds electronically requiring minimum or no paperwork. With technological advancement, India is also on a journey to adopt Digital lending revolutionizing the Traditional banking system. This blog will explore the different factors that have led to the rise of Digital loan/lending in India using online technology. Loans can be delivered in a faster way and more efficiently.

Techsaga offers digital marketing services, and partnering with Techsaga will help you to create cloud-based software solutions for achieving operational excellence in the banking & financial services domain to optimize all channels.

Digital lending also encompasses traditional financial institutions requirements as online loan applications offered by a bank or credit union are filled entirely online through the use of an automated platform.

A comprehensive automated platform for digital lending equipped with a set of software, such as an online loan application, document capture, electronic signatures, credit analysis, loan pricing, checking creditworthiness score and much more.

Innovations in the digital lending field have accelerated the growth of financial inclusion, enabling financial service providers (FSPs) to offer better services to more underserved clients in faster ways. The government’s alo emphasizes incentivizing and integrating digital lending models to promote financial inclusion and extend high-quality financial assistance to underserved communities and businesses. New age borrowers can easily be pulled towards digital lending market

Digital lending in India offers a vast array of opportunities from increased productivity, close more loans, and increased revenue per loan with cheaper, faster, and automated services.

Five key factors responsible for the driving digital lending growth in India:

Tech-Savvy Crowd

Technology infused society making consumers digitally savvy. 

From ordering food online to buy groceries online to book movies, consumers rely on online channels to make everyday purchases. With technological advancement, buyer’s behaviour is constantly changing and there is no need for physical interaction with the sellers. So, the financial sector is no exception when it comes to the wrath of this technology operations in the finance sector and digital lending in India is quite convenient and possible due to these technological advancements .

Big Data and Technological Advancements

The advancements in smartphones has created a landscape of all the lending services to be available at the fingertips of the people. With this surge in the number of users for devices like smartwatches, smartphones, cars, etc., enables users to remain connected to the internet, and services can be accessed online.The advancements in technology has enabled companies in the financial sector to create substantial value eg: Visa. Also enables the fintech companies to employ biometric technology like iris, thumbprints, instant payments, face recognition, block chain, etc, which are critical elements in digital lending.

Upsurge Innovative Models

With the emergence of Innovative operating models, further fueling digital lending in India. Fintech companies are adopting these digital financial models, accelerating digital lending growth in India and worldwide. 

Main archetypes are of 4 types:

• Aggregator\ Partnership model

• Independent platform

• Peer-to-peer platform

• Value addition to a core service

Aggregator\ Partnership Model

Under this model, lenders partner with bank or FinTech companies, facilitating digital lending in India.

Independent Platform

A Fintech company can lend loans directly through digital medium ,to consumers, with the help of raised debts and equity funds through institutions. Here no partnership is done with the incumbent banks.

Peer-to-peer lending

Peer-to-peer lending is gaining momentum in few leading countries across the globe. Peer-to-peer is a lending marketplace catering consumers through multiple online channels.

Value Service Addition 

As the name suggests, these models are adding value to existing large businesses consumers of the companies.

No Paperwork

Digitization facilitates the paperless process for digital lending and all documents need to be submitted online while filling the loan application process online.

Whereas, traditional bank disbursing loans requires endless paperwork.

Quick Disbursal

Instant loan approval in the case of digital lending and it’s just a matter of time. And all you need to have all the relevant documents ready beforehand.

Techsaga, a best digital marketing company, empowers banking organisations by providing digital transformation driven intelligent banking software solutions to work closely with banks and financial companies of any size.Our modernized banking platform provides instant and secure transactions to deliver omni-channel experiences across products and services in the banking sector. 

With Techsaga, client can achieve the following benefits:

• Short delivery time for services ensuring regulatory compliance and security.

• Increased team productivity adapting seamless workflow.

• Operation cost reduced using integrated robust platform

• Building customer trust through multiple channels

• Gain a competitive advantage.

• Decrease market time to reach customers through mobile apps.

Takeaway:

With the integration of technology, digital loans can be processed and optimized allowing digital lenders to operate in reduced time and maintain robust systems, following ever-changing regulations.

Source URL:- https://techsaga.medium.com/what-are-the-factors-responsible-for-the-growth-of-digital-lending-techsaga-corporations-569d9c093aba 

Why a Business Plan Consultant is important for any Business | Techsaga Corproations

 When starting a new venture,  a proper business plan needs to be laid out to follow. A business plan is a step-by-step process, beginning from scrape to company formation until it’s working and the changes that are needed to be inculcated for the betterment of the company, and the one behind all this who keeps it all updated accurately is a business plan consultant. 

What is a Business Plan Consultant?

Business plan consultant has a very crucial role, as they help you to reach out to the angel investors, organize fundraising events, and pave your path to a bigger and prominent platform. Hiring a business consultant is not only an addition to the company cost, but the truth is far from this. A business consultant proves to be an important pillar of strength to the company and turns out to be an imperative core of the company.

Techsaga Corporations, a Digital marketing company in Noida been in this market for years, it understands the needs and requirements of business plans and diligent company employees. And accordingly, provides the best business consultants among all.

What are the actions performed by a Business Plan Consultant?

• Making of an Executive summary

• Preparation of a Business model

• Drawing subsequent Marketing Strategies

• Competitive analysis of business strategies in comparison to other competitors of the market

• Setting up technology and business plans as per the requirement 

• Highlighting the operations and management plan

• Making the framework model of the Revenue plan

• Developing financial projections 

Roles and Duties Performed by a Business Plan Consultant for your Company 

• A business plan consultant needs to present the details regarding the organization’s budget and profits at the beginning and end of the financial year. 

• A business plan consultant needs to sketch the business plan periodically and mention the goal that needs to be worked upon in the future for any growing industry. 

• A business plan consultant locates and brings new opportunities for funding for the growth of the business and you must have a business plan ready beforehand whenever you come across any fundraiser. 

Nowadays, change is the only constant thing to stay afloat in the market.  To bring and incorporate new technology, business consultant plays a crucial role in exploring the particular area. 

In today’s competitive and global market, you must have a concrete plan to launch the product, before you launch a product, so as not to be lost in the maze of the market. 

If there is an allowance for change or a new entry in the management system, it would be easier to make them understand the company workings and future implements if there will be a business plan already prepared. 

Techsaga Corporations, an Agile transformation Company beholds the aim to achieve client satisfaction, substantial business opportunities, and effective planning and strategy execution to attain the ultimate objective of accomplishment. 

Why does your Company Require a Business Plan?

• A company must focus on its objectives and goals to be achieved in the future. It is not a choice to define its mission and vision. A business consultant not only helps the company to start but also walks hand in hand to find the areas of improvement at every level and touch upon all the pressing issues.

• Market projections can only help you to minimize the risks with the high-fluctuating market. One cannot completely rely on their guesses and assumptions, where the stakes are high. This will improve the risk management of the firm as well.  

• Business plan consultant also keeps close track of, whether the company is meeting the demands or not. Your business plan will be showcasing the new ideas that need to be pitched to boost the growth of the company. If not in demand. 

• Investors are always looking for innovative business ideas and methods for investment purposes. If you have an out-of-the-box notion, something which is exclusive and different from the conventional ideas. You need a compelling business plan sketched out even in that case to attract investors. 

Techsaga Corporations, the Digital marketing experts company in Noida, provides the holistic benefits of content strategy and helps you to strategize your business plan specifically.  

Fundamentals of Efficient SEO | Techsaga Corporations

An SEO approach includes planning and implementing design strategies to improve organic search engine rankings. Generally, SEO strategy is followed to gain more organic traffic.

Techsaga, the Digital marketing experts company in Noida, provides the holistic benefits of content strategy and helps you to grow organic traffic for your content.

Approx 2 million posts are published by WordPress developers every day this means 24 posts are uploaded across the internet per second. To stay ahead of your time, one must never compromise with the content.  Generally, one successful blog can take more than 4-5 hours but its visibility can be optimized in just 10 minutes for its best visibility across the internet.

So, Search Engine Optimization (SEO) is considered the best tool to increase the visibility of the website or to generate more traffic for your online content in the organic results of search engines.  

SEO does play a pivotal role in getting more organic traffic from Google and other similar search engines.  Search engine optimization runs with the two basic elements: 

• On-Page SEO 

• Off-Page SEO

On-page SEO includes all the activity that helps in increasing the search engine page results whereas Off-Page SEO is done to optimize the activities to accentuate the visibility on the internet.

Constituents of On-page SEO

1. Meta Title Meta Description-

Meta title requirements should be met to get the desired results:

• Meta titles must not contain more than 55 characters.

• At Least three coherent keywords are used in order to pitch maximum users

• To get the best visibility in search engines, Meta description is displayed in the shops under meta title, must not exceeding150 characters.

• At least 3 keywords in the preferred language, which should make sense to the targeted audience, must be provided in order to land more traffic to your content.

2. Selection of Keywords - 

Keywords are the term designed to get apt results in search engines. Keywords should match up with the psychology of the end-users and must include the keywords into their meta title & meta descriptions. 

It is an essential task to be found in SERPs, it can only happen if keywords must appear in a webpage and its content. It is preferred to highlight and add those targeted keywords at the beginning of your online content to portray that it naturally fits into the content.

3. Content -

The content of the website is the most significant part as it engages the user and provides the information they are searching for. The content of the length depends upon whether the content is a blog, website log, article, website content, guest posting, both on search engine and SEO. The SEO experts recommend making the content of at least 300 words, but around 500 words can be included on average for a page that must not show redundancy repetitiveness. Content should be creative and must engage the users till the end of it. 

Constituents of Off-page SEO

1. Online Directory-

Online directories can help you to pitch organic users because of the positive reviews from the customer. The online directory definitely enhances visibility because of its presence on various websites. If any negative review is encountered, SEO executives can correct them right away as it constitutes to affect the image of the brand or services.

2. Backlinks - 

Undoubtedly, word to mouth is one of the most efficient ways of advertising, Backlinks are also considered as the essential and trickiest parts of SEO, as it demands outside sources as well. Backlinks automatically generate user engagements by publishing coherent content resulting in great feedback/reviews. The trending way of creating concrete Backlinks is through interacting with influencers or bloggers which ultimately can assist in targeting the audience and focus on the businesses.

3. Social Media - 

Social media is a backbone of an entirely online business model, starting from interacting with the customers to providing all the necessary information in detail about the product & services through video and images, all are done on social media platforms. It is a vital platform in reaching the target audience, resulting in accentuated rates of views and ranking.

Gaining a deep understanding of search engine algorithms and how these search engines affect the organic search results for websites and other online content. Building on SEO knowledge, the key elements for creating an effective SEO strategy include selecting the right choice of keywords and performing keyword research in accordance with consumer psychology and search behavior on search engines.

Also, how to conduct on-page SEO analysis to identify opportunities to improve a website’s search optimization.

Keeping Up with SEO

Businesses are rapidly evolving, so Business owners need to adapt to SEO if they want to give your website the edge over your competition.

Techsaga, a Digital Marketing Solution company, works closely on the fundamentals of solid content creation and copywriting, and helps you to stay ahead of technology trends as well as website click-through rates, engagement, and, of course, rankings through activities like backlinks, site speed, and schema.

Consider us for your next SEO and content campaigns. Get free quote today.

Source Url:- https://techsaga.medium.com/fundamentals-of-efficient-seo-techsaga-corporations-f68eb88836eb

6 Key Project Management Trends Shaping IT Consulting in 2021 | Techsaga Corporations

 

Covid- outbreak has caused a stir worldwide and affected market health in the worst way. Businesses are getting rocky amidst the pandemic and struggling to thrive in the ever-changing economy. The COVID-19 pandemic transformed the ways of doing business. Regaining momentum amidst this global disease is challenging. 

The majority of businesses are trying to bounce back since the world market has opened 

since 2021.

This year, their approach is to build and establish themselves to flourish in a post-pandemic era. Techsaga, IT company in noida shares the top 5 project management trends that will shape 2021 :

Trend 1: Increased Reliance on Remote Work and Distributed Teams

The global pandemic pushed nearly every business to go remote and distribute work accordingly. Running a business from your home was one of the recollected memories of employees and business owners when they look back to 2020. The post-pandemic era can witness more companies switching to work remotely or establishing hybrid teams, becoming the major trend for 2021.

Hybrid teams are flexible and can work both ways. While companies are gaining confidence in going into a fully distributed team, we can see more companies investing in the freelancer market to augment their workforce this 2021. This will help reduce their overhead costs and outsource a highly-skilled talent pool to cut costs.

Trend 2: Emphasis on Corporate Social Responsibility Programs

Major philanthropic contributions were seen during the pandemic and taught us to support our local communities for the betterment of society. Consumers are more aware and everyone wants to be a part of the contribution so consumers look for companies who are doing a bit by becoming an active contributor in rebuilding their communities. This fund can be used to run programs geared towards health and safety, environment, livelihood, and financial stability. These contributions improve the company’s market value, lineage and help in building a sustainable ecosystem for businesses and citizens alike. Project managers play an active role in shaping and pushing these actions forward.

Trend 3: Increased Focus on Human Skills

Another trend during the covid outbreak was compassion and empathy.

Apart from developing core competencies like skills, talent, and proficiency, the team’s success also depends on cultivating human skills. Leaders should put equal importance on making teams armed with the right human skills to lead their teams. Empathy, trust, communication, compassion, flexibility are key human skills that are needed foremost during these tough times.

Some of your employees may have gone through tragic fate so business leaders must step up and uplift their teams. These human values should be inculcated and deeply ingrained in the company's culture, as it is the responsibility of managers to create a safe space for your teams to work in.

Trend 4: Leverage Automation and data Analytics tools for Project Management

Last year, companies saw an exponential rise in the use of AI and Data Analytics tools.

The Past year has greatly pushed this project management trend to dominate 2021. Project managers are more prone to automating their tasks and vital time-taking processes including resource planning, scheduling, budget planning, and project monitoring. 

Project management software equipped with AI and data analytics is into upskilling the business processes as well.

Trend 5: Hybrid Project Management Approach

The traditional organizations used single project management frameworks in the past but the fast-paced times have arrived due to digitization demanding organizations to be flexible and agile. In today’s competitive world, companies are adopting a hybrid approach for project management, allowing project managers to take advantage of various techniques from different methodologies.

In 2021, More companies will use Agile methodologies by adopting hybrid project management approaches. In a few instances, companies employ both Agile methodologies and traditional project management frameworks. Project managers are taking this approach forward and are pushed to upskill and learn more frameworks to adapt to the unique requirements of their projects. 

Trend 6: Kanban for Project Management

Companies are using Kanban as a project management framework these days and combining it with Agile methodologies. So, Kanban is another project management trend, a proven method to streamline and improve workflow within the organization.

Project Management Trends in 2021

Needless to say, the year 2020 has posed challenges to the companies. Businesses need to be more flexible and to regain momentum project managers should be resilient and poised to help their organizations regain momentum and bounce back with full momentum.

By knowing and following these major project management trends, businesses can easily adapt and adjust while keeping the company's core values, business goals, and vision intact.

Each year brings its own challenges. But with focus, determination, and the right tools and techniques at your disposal, you can face these challenges head-on.

Experts’ forecasts

Forecasting is extremely difficult and depends on various factors.

 Software for project management can be integrated easily and can be managed with ease by experts.

The expert believes that software is going to become simpler and can be seamlessly integrated with other tools, such as personal time management apps.

All software applications, including project management software applicability, are mostly affected by user experience. Project Management software helps organizations in any transition and helps enterprise applications meet required specialized skills.

Seamless workflow management is possible because of more transparency in the business and depends on how teams collaborate.

Technology has already been a driving force for organizations that are following Project Management trends that increase productivity and better workflow.

To be ahead of your competitors in these gloomy times of uncertainty, hire a project management framework from Techsaga, Indian Business Consultancies.

Manage your projects and workflow with us, exploring how technology can simplify and upgrade all business processes.

How to Improve Operational Efficiency: A Start-to-Finish Guide for 2021 | Techsaga Corporations

 

In a professional services game, real indicators in an operational efficiency are intelligent resource allocation, utilization rates and other myriad of factors.

At the same time, giant and small businesses want to reduce their costs. in response to the global economic crisis, but only 50% of executives are able to help their companies in achieving it. 

Even after trimming costs, research demonstrates that approaching operational efficiency in order to cost-cut the programs and aim to achieve their goals, less than a fifth are able to achieve consistency rewards over the following three years. So what is operational efficiency and how an optimal operational strategy can be achieved within an organization?

Improving operations is a result of combined efforts by staff to optimize business processes, financial, staff management and technology. 

No universal remedy is present and one needs a scalable business model to turn the financial viability of projects to embrace change at all levels. 

What is Operational Efficiency? 

Operational efficiency broadly refers to delivering quality services with fewer resources by organization to achieve optimum results. It is also defined as an organization that can produce from a given amount of input in order to achieve efficiency in operations. 

Two variables are considered as quality of an entity’s operations and its operating expenses.

High levels of operating efficiency for an organization means, generating greater profit per project with the same resources. This way, operationally efficient businesses can operate in new markets while still being profitable utilizing the same resources.

Operational efficiency also involves cost management, and both internally and externally involves the organization's process for how they work. By understanding this strategy, areas can be rectified and discrepancies or inefficiencies existing can be improved or eliminated. A win-win scenario is created i.e optimal output and an exemplary product for the customer as a final result.

Increasing operational efficiency requires consistent effort and compels organizations to strive to improve operational performance and understand the correlation between productivity, sales, and customer satisfaction.

Operational efficiency can be accomplished through an increase in operational productivity and by following industry best practices. 

To remain competitive, small and medium size businesses must quickly identify redundant or underperforming workflow and avoid bottlenecks in the processes to accomplish objectives without affecting profit margins.

Managers can take a course of action and can adopt few straightforward strategies to identify organizational inefficiencies and address them before harming the bottom line.

1. Recognize Fundamental Purpose of Operations

It is critical to understand all aspects of services to achieve optimal operational efficiency. Review those aspects and identify business processes that can be labor-intensive, costly and time-consuming, and gain insight into the minor details that occur daily. Identify the improving areas or points to increase efficiency. 

You can seek professional help from experts like Techsaga to learn from Lean methodology consultants who can help assess current operations and suggest ways to improve them. 

In order to maintain organizational efficiency, it is necessary to equip employees with the necessary tools and train them with the best practices in the industry. To ensure success, employees should undergo regular training in order to educate themselves for various processes and technologies they need to utilize,whether they work in an entry-level position or the corporate sector. 

Organizing mentoring programs or training for old and new employees is an excellent way to improve operational efficiency. Also, documents related to these training should be accessible to everyone in the company as another way to ensure that everyone in the company is on the same page.

2. Establish Objectives

Organizations need to establish a productivity goal, and staff can work tangibly, following and analyzing current efficiency metrics, such as cost per piece, parts accepted per cycle, failure rates, average downtime performance. Rather than setting a productivity goal, organizations can set benchmarks to achieve desired goals and employees can also adjust and work with a realistic timeline.

3. Actively Facilitate Collaboration and Cooperation

Smart and secure collaboration is required to access information  between departments within an organization. It helps to remove bottlenecks that result in inefficiency and increased costs. Cultivating a communicative culture to increase collaboration  between teams, your entire organization will operate more effectively, will certainly increase productivity.

CRM is one of the efficient technological tools that can help in networking and enhanced cooperation in the workplace. Employees can utilize a customer relationship management system (CRM) to communicate with customers and address promptly to consumer needs. 

4. Automate As Many Procedures As Possible

One of the effective means to enhance operational performance. Adopting automation in your workplace and identifying opportunities to improve operational efficiency can be assisted with automated customer service chatbots, email responders, and data integration.

Automating routine tasks within an organization is a very effective way to deal with a majority of administrative tasks, such as invoice generation for a client, quote generation, and project management. Identifying the most time-consuming processes of employee's to make that process automated. So, employees will have more time to devote to other aspects of the business. 

5. Enhance Company Culture

Each workplace has its own uniqueness and depends on core values. For example, a collaborative work environment fosters employee trust that can increase employee productivity in turn.

In the positive workplace or work culture, professionals perform well in their profession to succeed with a sense of teamwork and belonging to the company. So, foster a reward system for such employees,who have reached or maintained a good level of efficiency and productivity for a certain period.

6. Outsource Information Management Activities

Hiring an in-house IT professional requires substantial investment

in terms of hardware, software, and administrative time. Finally, any failure in results leads to inefficiency, reducing your business’s productivity and success. All of these issues can be resolved by cost-effective outsourcing IT services through a managed service provider, if you’re looking for reliable IT support. 

Hiring a third-party for IT services also helps employees to focus on more sustainable objectives.Network disruptions and system failures are not there.

7. Prioritize Customer Retention

Customer acquisition is more tedious than customer retention and also observed to be five times costly. Customer retention can be accomplished by soliciting feedback, offering rewards, engaging existing customers, and onboarding and attracting new customers. This automatically improves operational efficiency since the objective of employees is only to focus on retaining existing customers rather than chasing new ones, which consumes their time and growth.

8. Retain Employees For The Long Term

Starting from the process of hiring, training to on-boarding an employee, a company spends a significant investment of time, money, and effort . Frequently replacing employees always results in disrupted workflows, further projects may be hampered if key personnel quit in the middle of the process. 

In this scenario, remaining employees get burned out if the majority of the workload is passed on to them, leading to dissatisfaction and failure in project deliveries on time.

To boost employee satisfaction and retention, make sure every employee’s hard work is recognized and rewarded in the organization. 

Techsaga Corporations, a Operational efficiency management company in Noida and Operational automation strategy makers, is a leading business services provider, leveraging our extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions.

Top Futuristic Trends of Mobile App Development In 2021 | Techsaga Corporations

 

Smartphones have fundamentally transformed our lives in ways that go beyond how we communicate. Today, mobile phones have empowered billions of people with technology and revolutionized their lifestyle in terms of how they navigate, listen to music, play games, watch movies, buy items, order food, read news etc, around the world.

Mobile apps development company saw significant growth with the increasing users with each passing day and a witness to a dramatic increasingly profitable business. 

In fact, in 2023, it is estimated that mobile apps are projected to generate revenue more than 770 billion euros so that’s why organizations are constantly taking leverage of mobile app development trends, aimed to create the next big application.

The mobile app development industry is witnessing heights of success and trying to thrive in this digital-era where you need to get acquainted with the changing mobile app development trends.

In the age of Digital Transformation, mobile is the key to digital media success, and mobile app development revenue is expected to reach $693 billion in marketplaces, at a surprising rate. 

Here, 7 trends from the mobile app industry are discussed for the year 2021 and for the foreseeable future.

1. E-Commerce

Amid pandemic, the unprecedented situation is created and witnessing a surge in E-commerce sales like never before. On the other hand, retail store owners incurring huge losses as everything is going online with this digital evolution. And it is not a surprise anymore if this online shopping trend is only set to increase in the future. Online ordering with simple click, voice shopping, and omnichannel retail are few features from app developers that are integrating into existing E-commerce portals to provide fast, efficient and hassle-free experience.

2. Cross-Platform App Development

Driving digital acceleration also gave rise to cross-platform app development and became increasingly popular. Social media channels like Facebook, Alibaba, and Pinterest have implemented this strategy to improve efficiency, to reduce costs, and also to reduce development time. 

According to experts, Google Futter’s launch in April this year will only see a new high. Cross- app platform is a feature loaded toolkit used to craft and compile applications for mobile, web, and desktop versions from a single codebase. This technology provides endless possibilities and further allows mobile app developers to create customized applications without undue time, capital, or effort. 

3. Beacon Technology

Don't get left behind in the paradigm shift of digital business. Let’s talk about technology to make your shopping experience enjoyable and satisfactory. If you see a pair of shoes online that you decided to buy, before you go ahead you want to make sure about the size. So before stepping out to visit the retail outlet for that shoe, the related brand app ,already installed on your phone shows you which of their stores is closest to your location and also sells the size in the same shoe shock, which you have selected to buy. 

Sounds like your life gets easier and shopping gets simpler. Yes it is possible with Beacon Technology, it’s possible. 

Beacon Technology, invented and launched by Apple, uses Bluetooth Low Energy (BLE) signals to provide users with relevant notifications and guidance. Since then, tech developers have been brainstorming  to find new ways to integrate Beacon technology into android applications. 

4. Folding Display: to maintain screen continuity

One trend which we can’t resist talking about is revolutionary Folding Display Technology evolving in the smartphone industry in 2021 and beyond. Foldable mobiles have already been launched in the market and successfully capturing the market as experiencing high demand. With the Samsung mobile launched with foldable OLED display, mobile app developers are working on this technology to improve smartphone experiences for end-users. And so, if a user wishes to do an instant change in their screen size mobile whenever the user wants to fold the device, app developers will have to create applications and it is opening opportunities for app developers.

Unfolding the device to provide a larger screen to maintain screen continuity:Big screen provides more space resulting in an immersive experience.With multi-windows, multiple tasks can be performed simultaneously.

5. Mobile Wallets

A key mobile app development trend increasing the smartphones and users’ intent towards moving mobile wallets such as Apple Pay and Google Wallet to execute safer and secure online money related transactions and bill payments.

Thus, the demand for mobile wallet apps will only be rising and will see increasing revenues for Amazon Pay, Google Pay, PayPal, already an established and popular mobile wallets. Technology giants like Samsung, Apple, and Google are making use of mobile wallets in a quick way and become most commonly used payment methods because of their ease of use. Users simply have to link their account details after easy registration on the app and can pay bills, shop on Ecommerce websites, or can receive or transfer money. Currently, mobile app developers are working on enhancing existing features in mobile wallets such as audio-based, NFC, and RFID payments. 

6. Wearables 

Wearable technology is becoming huge across the world. From smartwatches to smart lenses, body sensor wearables are the future. 

Technology enabled wearables can control and communicate with these devices through your smartphone. And one of the popular mobile app development trends is creating applications that support wearable technology. Wearable technology is proving very useful and profitable for 

Healthcare industry and health professionals can perform functions like track and analyze body movement, heartbeat, blood oxygen levels, body temperature, and more. Today the use of  wearable technology is limitless : the use of built-in visual displays in Smart contact lenses, Smart glasses with mind-reading technology, and even use of virtual keyboards.

7. Augmented Reality and Virtual Reality:

AR and VR technology—one of the top mobile app development trends not only upscaled the high-quality gaming applications but also this mobile app development trend starts penetrating other aspects of our lives. Technological giants like Apple and Google are already innovating Augmented Reality uses. For example, Google is about to introduce a new AR feature for Google Maps, which would provide people with directions from their camera phones in real-time.

Google’s AR-Core gives users a sneak-peak into the inevitable mixed reality revolution. 

Conclusion

Mobile app development is dynamic and constantly evolving technology around us speeding up the game of the latest innovations to stay ahead of the competition. 

With the advent of 5G networks and technologies like Machine Learning and Augmented Reality, the future of mobile apps is all about speed, simplicity, and personalization.  

If you’re looking to hire a dedicated mobile app development team, then feel free to reach out to Techsaga, a pioneer in mobile app development, senior executives will get in touch with you within 24 hours.