Metaverse is much more than just a commonplace of development technology and has gained great significance and will continue to rise in the future as well.
There will be a potential rise in the virtual metaverse apps in sectors like real estate, games, 3D social media, blockchain-based healthcare, education, and virtual e-markets with immersive experiences. Hence, app developers must adapt alongside the metaverse to meet the rising demand for and preference for metaverse app development solutions.
The Strategic Market Research tells that in 2022 the market size of the metaverse was valued at more than $47 billion and with a 39.44% compound average growth rate (CAGR) is expected to cross $678 billion by 2030.
As an app developer or IT professional, you must be equally excited and concerned about the metaverse and other Web3 technologies. This article explains how the metaverse and other trends will affect modern mobile app development and how they will help your business shift into the new virtual world of the Metaverse.
WHAT IS THE METAVERSE?
The phrase “metaverse” was coined in the 1992 science fiction novel Snow Crash by Neal Stephenson, where humans interact with each other as digital avatars in a 3D virtual space that uses the metaphor of the real world. This describes the present-day metaverse quite well as a digital interface where people interact with each other as well as their surroundings.
Many experts think of the metaverse as a collective VR and AR-enabled virtual world where people may connect, socialize, play, and shop. In other words, the metaverse is a virtual world where characters socialize and communicate as they would in the actual world. The metaverse is some sort of “real presence,” where you can actually experience being there and that what happens there feels real.
The Metaverse is a 3D virtual world or a digital realm that can be accessed by anyone with an internet connection and can interact with each other and with virtual objects.
Source: Gartner
Metaverse apps, which will soon dominate the mobile app market, are built on top of the Metaverse platform. These applications can be used to expand functionality or improve the Metaverse user experience. There are an extensive variety of Metaverse apps currently available, and new ones are being created on a daily basis.
FUTURE OF METAVERSE MOBILE APP DEVELOPMENT
Source: Gartner
The metaverse has huge potential to transform the mobile app development process. App developers can create highly interactive metaverse app experiences and this feature has a long-term future.
You might remember that Fortnite conducted several virtual metaverse events, which were attended by millions of players. This new type of social engagement and virtual experience is something future app developers can capitalize on in almost every industry.
Gaming, social networking, education, and training are some of the present-day popular applications for metaverse apps. But as technology develops, we could be expecting more applications for metaverse apps.
For instance, with the introduction of augmented reality (AR), we might observe the application of metaverse apps in a variety of industries, such as marketing, advertising, and even engineering and architecture.
In terms of the creation of metaverse apps in the future, the possibilities are virtually limitless. Therefore, if you want to get involved in this fascinating and expanding industry, the time is now. The opportunity for metaverse app developers has never been greater.
There is also a trend of democratization of app development and making no-code/low-code tools easily accessible to people. Metaverse platforms will be a part of the future of mobile app development and give developers the freedom to try out brand-new features to engage users in quick, low-cost ways.
METAVERSE USES IN DIVERSE INDUSTRIES:
1. Gaming industry
Metaverse technology is best reflected in the gaming industry; Fortnite and Roblox are a few of such games. A single integrated, 3D digital interactive environment allows players to interact with each other as well as the gaming environment in real-time.
2. Travel and Tourism industry
One of the most potential uses of Metaverse is expected in the virtual tourism sector. In this case, the metaverse technology allows users to travel places virtually, which is helpful for people who cannot travel much. Many museums have already started virtual museum tours for customers.
Travel industry experts believe that metaverse technology will help in creating immersive digital experiences with AR and VR.
3. Education and Learning industry
Adding to this list, Metaverse is going to transform the education and learning sector inside out. By developing e-learning apps institutes can provide better and more immersive knowledge distribution without much traveling. The magical combination of VR and Metaverse is going to further enhance the learning experience. It can be used to give students access to real-life events and experiments for better understanding.
4. Real estate industry
When there are Metaverse property tour choices available, realtors and clients do not need to spend time traveling to multiple houses. In fact, potential buyers can take a Metaverse real estate tour to view all of their alternatives in real time.
Now, let’s look at a few benefits of Metaverse Apps.
BENEFITS OF METAVERSE APPS
1. Enhanced user engagement
Online customers have access to a completely new universe of entertainment options because of the metaverse. If your business is prepared to provide your subscribers access to the Metaverse, you could benefit from more interactive and compelling content for your brand. Anything from digital goods to gaming experiences to AR/VR stores is available to you to offer your customers.
2. Virtual events
A live concert by your favorite artist is much more effective and accessible than a live performance. To help your customers feel like they are physically present in the area they choose, you can even host virtual experiences for them.
3. A creative marketing strategy
As was already said, Metaverse has invented a novel method of brand storytelling in an effort to promote creative consciousness and corporate uniqueness. The metaverse alters storytelling and “story living,” where the listener becomes an active participant who makes decisions rather than just a keen observer.
4. Basic transactions
The Metaverse and cryptocurrency are inseparably connected. Digital money is necessary in today’s digital world, and e-wallets and cryptocurrencies have made it even easier to access. Users in the Metaverse don’t have to link their bank accounts in order to make payments; they can do it with a few clicks.
How Metaverse app function?
Metaverse apps (and metaverse games in general) rely on blockchain technology to deliver a decentralized experience that allows users to remain anonymous. Several of these apps also include cryptocurrency integration, enabling real-time trading.
These metaverses commonly have NFT-structured objects. This ensures “true” ownership and prevents tampering with in-game items. Each metaverse has built-in marketplaces where these NFTs may also be traded, enabling users to gain from supply and demand dynamics that raise the value of their holdings.
All of these ideas combined show that there are infinite opportunities for metaverse applications. Almost every sector, including business, education, and gaming, can gain something from the metaverse ecosystem.
MOBILE APP DEVELOPMENT FUTURE:
The IT industry is constantly changing with the entry of AI, ML, no-code tools and thus making the future of app development quite unpredictable. Though it is quite challenging to keep up with the latest trends, the possibilities are unlimited. There is an endless list of where the metaverse apps and AI, ML Web3 technologies could transform mobile app development completely. These trends in mobile app development especially metaverse apps will help you in creating a well-defined brand identity in the market.
Let’s check out some future trends in mobile app development
AI app building
AI can, and is, being beneficially leveraged by mobile app developers to improve user experience. For example, by leveraging AI, Duolingo’s lessons are paced and scored individually for every student as per their performance. Additionally, the app also uses machine learning (ML) to make learning improvements, taking into consideration the specifications of various languages.
It is this ability to create personalized app experiences that is the real revolutionary power of AI in mobile app development. It may also help in scaling the app more efficiently and at scale and transform the entire app development experience as well.
For instance, UX teams frequently gather information on customer preferences and utilize it to guide their design and boost user engagement. To figure out how accurate their estimates are, they frequently subject their mobile app to various tests, such as A/B testing, usability tests, and heat maps.
By using AI in mobile app development, these methods risk becoming obsolete in the near future. Developers may accelerate their changes and swiftly validate concepts thanks to AI’s ability to quickly gather, assess, and offer user experience enhancements that will increase revenue.
No-code app development
No-code/Low-code app builders have created a new breed of app developers known as Citizen developers.
No-code app builders like Swing2App provide app building blocks (prototype, UI, themes, fonts, features, etc.) that are pre-coded and are simply to be arranged in the way the user wants.
The no-code experience makes it easy for everyone to create an app in much less time. Moreover, no-code tools are quite cost-efficient too, thus a perfect alternative for non-technical business owners to create an app easily.
Wearables
Wearables are a booming consumer electronics category with the latest entry being the Apple VisionPro headset. Wearables and traditional mobile devices have some key differences – they are more mobile, have smaller forms, include special sensors, etc. These additional features of wearables offer new interactions with customers and data that app developers can use to further enhance user experience.
The capability of real-time communication is also present in wearables and mobile apps. Apps in industries like healthcare can make use of this to provide medical experts with real-time patient status updates. You might remember the story where the Apple watch saved a woman’s life by monitoring her heart rate and predicting some issues in her heart.
Internet of Things
It is not only devices that are evolving to become wearable, but users are also becoming more connected in all aspects of their lives. More people are interacting with digital devices in their homes and cars, and this trend is likely to continue.
By utilizing these digital ecosystems, developers might increase the range of interactions they have with users and build seamless user experiences that follow users throughout their daily activities.
The evolving nature of developing mobile applications
Right now, there is an excellent opportunity to be curious, explore novel concepts, and work with innovative technologies. The development of mobile apps is about to change, and the Metaverse and Web3 will let you rethink how you interact with your clients.
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