The most prominent IT outsourcing trends for 2020 and beyond

The most prominent IT outsourcing trends for 2020 and beyond

Spending on IT services is expected to reach a record $1.1 trillion in 2020, reported by Statista. But Do you ever wonder why the IT outsourcing trend is booming? Organizations outsource IT services for various reasons. Yes, Companies are delegating mobile app development tasks to third-party contractors because not only it reduces the app development costs, but also it improves time-to-market. Additionally, it helps you to hire a professional IT team. Since this strategy offers many conveniences, it is winning enormous popularity in the market.

Do you know? In 2020, 52% of small businesses stated that they’re willing to partner with remote tech engineers for their IT needs. Statista forecasts that in 2021 the IT outsourcing market’s turnover will grow to $96.7 billion from $89 billion in 2018. The main reason behind such rapid market growth is the business process optimization by Technavio’s analysts.

Hiring an Android/iOS app development company is tried and tested paradigms for a successful business. Over the last few years, this strategy is adopted by all types of businesses as it allows businesses to focus on their core business operations while saving money. Hence, we can say that the IT outsourcing trend is going to boom in the upcoming years. In this blog, we will share with you some of the IT outsourcing trends for 2020. 

Before we jumped directly into this, we would like to share key Outsourcing Statistics.

key Outsourcing statistics.

  • The contract value of the IT outsourcing market amounts to over $ 409 billion by 2022. 
  • As per Gartner’s estimation, the no. of computer specialist job openings will be over 1.4 million in 2020.
  • According to Gartner, worldwide spending on IT outsourcing is projected to total $3.79 trillion in 2019.
  • According to the Statista report of 2017, the most commonly outsourced function by IT leaders worldwide is a software application that is 64%.
  • 3/4 of businesses give positive responses to their outsourcing partners.
  • More than 50% of companies use third-party support to associate with their existing or potential audience.
  • In order to boost outsourcing, 93% of companies have embraced cloud services.
  • About 71% of financial service executives outsource any and all of their services.

Why businesses are rapidly adopting IT Outsourcing?

Though there are numerous reasons why companies work with the offshore development company, some of the primary reasons are

  • Cut costs
  • Enhance the quality issues
  • Gain access to talent capital
  • Expand business to a large extent
  • Speed up organizational transformation
  • Focus on core business increased
  • Eliminates the capacity issues
  • Improved Security

Top 10 Competing Countries for Outsourcing ( High to Low)

Based on the financial attractiveness, people skills & availability, and business environment, these are the name of some outsourcing destination that you must consider-

  1. India (6.95)
  2. China (6.49)
  3. Malaysia (6.05)
  4. Brazil (6.00)
  5. Indonesia (5.99)
  6. Thailand (5.92)
  7. Philippines (5.88)
  8. Mexico (5.87)
  9. Chile (5.72)
  10. Poland (5.68)

Types of IT outsourcing

Outsourcing, Nearshore Outsourcing, and Onshore Outsourcing, there are three major categories of IT outsourcing based on location. You can choose either of them that fits the best according to business functions.

  • Onshore: IT outsourcing means getting the work done by companies located in the nearby region or the same area. The several benefits of onshore outsourcing are:- easy to control, the same timezone, no language understanding problem, and can be easily accessible. 
  • Nearshore outsourcing: It involves working with a provider that is located in countries having less or no timezone differences.
  • Offshoring: This means Handing over tasks to a company from another country. It provides access to a large talent pool and specific expertise with a cost-effective advantage.

Here The Most Prominent IT Outsourcing Trends for 2020 and Beyond

Exploring new capabilities

When the question asked to both outsourcing clients and outsourcing providers about the significant reason for IT outsourcing. Do you know what they answered? 35% of respondents listing cost reduction among their top three reasons for outsourcing. Other key drivers are access to specific knowledge, expertise, and tools.

Undoubtedly, the reason for the growth of modern IT outsourcing is the vast no. of people are willing to outsource for their tasks. The reasons may vary. But the majority agree that the customer-centric strategy and exploring new capabilities are a way more appealing than cost-cutting

Covenant

According to the report prepared by GSA UK, nearly 90% of respondents firmly believe that both IT outsourcing companies and their customers are heavily in favor of signing outsourcing contracts converged on outcomes and value in 2020+. All KPIs will be discussed, approved, and written in the contract. Besides, 69% of people said that outsourcing providers would work as systems integrators. It will involve sharing more risk with the clients. Only 31% forecasts that outsourcing providers would take all the risk on themselves.

 Sustainable outsourcing: shared responsibilities 

As organizations are increasingly under scrutiny for their sustainability efforts, this is becoming an essential component of the outsourcing contract. Companies are aware of their corporate social responsibilities and their impact on their brand and reputation. Many clients are careful to ensure the outsourcer follows their CSR directives and requirements.

More Small Businesses are Outsourcing

As IT outsourcing helps to reduce costs, access to specific knowledge, expertise, and tools, small companies and startups are more collaborating with third-party contractors. However, large companies and even corporations are also delegating their projects to outside IT service providers. Considering the burgeoning need for complex, innovative solutions associated with AR, VR, blockchain, AI, and IoT, IT outsourcing is the best approach for organizations worldwide.

Closing Words

These top IT outsourcing trends promise a bright future not only for large enterprises but also for SMEs. The COIVD-19 outbreak is making it challenging for businesses to manage and build software products in-house. Undoubtedly, this is the golden period for businesses to avail of the benefits of IT outsourcing. Do you want to be on the top in terms of innovation? Are you the one that lags behind IT outsourcing trends in 2020? Get in touch with us, and we will help you drive growth in your company.

Top 10 Android App Development Frameworks 2020

Top 10 Android App Development Frameworks 2020

Mobile applications have been exponentially increasing since the boom of smartphones. Mobile apps are used over desktop ones as they are easier to play with and get the work done efficiently. Most of the startups in recent times have risen because of creating successful mobile apps that people are looking to use. But, mobile developers sometimes struggle to write the app from scratch, and this problem is with hundreds of developed. This is why companies like Facebook, Google, and others have introduced mobile app development frameworks. These frameworks not only ease down the job of developers but also give them a lot of templates or stuff to do with their apps just with a drag and drop or clicks. so here we have added 10 frameworks for android app development in 2020.

Best Android App Development Frameworks to use in 2020

React Native

Introduced by Facebook initially for the iOS platform, React Native became one of the most popular frameworks in no time. After the initial success, React Native was pitched in for the Android platform too. There are hundreds of app built on this framework, including Instagram, AirBnB, Discord, Bloomberg, and many other tech giants. The framework is known for reducing the time of a project and building apps faster. As Android 11 new features in 2020 have been pre-viewed already, mobile app developers can work with this framework and start making robust and reliable apps. One of the most prominent features of React Native is that it is a cross-platform framework. It allows developers to create apps for both Android and iOS from a single code base. 

Also Read: 10 Famous Apps Built with React Native

Flutter

Flutter is a mobile app development framework built by Google. It is not just a framework but a mobile app development toolset, known for building mobile and web applications that are fast and have one codebase. Like React Native, Flutter is also a cross-platform app development framework. Based on an object-oriented programming language, it provides developers the opportunity to create new widgets and improve older ones. It is both available for iOS and Android app development and helps to build a flexible user interface for apps. 

Xamarin

Xamarin is an open-source, cross-platform mobile app development framework. Microsoft acquires the Xamarin framework. It also uses one code base for both iOS and Android mobile apps. Xamarin offers flexible UI and comes with dozens of built-in mobile app designing tools. It uses the C# programming language only. So, there is no need to learn languages like Swift or Java to build an iOS or Android app. Some of the critical features which Xamarin provides include native API access, integration, and it has a vast developers’ community. 

Corona

Corona is also an open-source framework, introduced Corona Labs Inc. in 2009. It helps in creating apps and games for mobiles, desktop, tablets, and smart televisions. It uses the Lua scripting language. Lua’s best features include its speed, flexibility, and usability for developing apps. This is an open-source framework. Platforms like Android, iOS, macOS, Tablets, Fire TV, Android TV, and Apple TV integrates this framework. Angry Birds and Warcraft are some examples of games built using Corona. 

Ionic

Ionic is a native mobile UI toolkit that supports native Android, iOS, and web apps. It is an open-source mobile app development framework. This framework comes with dozens of templates and other app component designs like forms, filters, action sheets, list views, tabs, and navigation menus. 

App Developers and web development companies worldwide use the Ionic framework for booming startup companies, travel agencies, restaurants, pharmaceuticals, etc. 

PhoneGap

PhoneGap is another popular framework for cross-platform mobile app development. The structure runs HTML5, CSS3, giving the hardware access like a camera, accelerometer, and GPS. It uses Javascript to render the backend and supports one codebase. It was the project of Adobe Systems initially. Later, Apache bought it. Now, it is a distribution from Apache Cordova. There are many apps built using Phonegap, and the list includes Wikipedia, Health Tap, TripCase, Paylution, and Buildr. 

Mobile Angular UI

Mobile Angular mobile UI framework uses Bootstrap and Angular in building mobile applications. MIT created Mobile Angular to simplify the mobile app development process. Just like any other UI framework, it also provides components like switches, scrollable areas, overlays, and navbars to build a powerful user interface. 

Native Script

Another top framework for mobile app development is NativeScript that stars among the best hybrid app framework. The primary benefit of choosing Native Script is that it is an open-source framework. This allows app developers to build native experience mobile apps with TypeScript, Angular, Javascript, or Vue.js. It empowers them to leverage their skill sets to build native experiences on mobile. With Native Script, you can build apps for different platforms in less time and cheaper cost. 

Companies like Symantec, Dell, Microsoft use it. Most developers use it to build cross-platform mobile applications for B2B companies. 

JQuery Mobile

jQuery Mobile is an HTML5-based UI framework that offers developers to build highly responsive web as well as mobile applications quickly. 

Developers can only need to write the codebase once and use it on various platforms. It also comes with multiple plugins that make web pages interactive and user-friendly. JQuery Mobile is also compatible with other frameworks and platforms such as Worklight, PhoneGap, etc. 

Appcelerator Titanium

With over 250,000 developers, Appcelerator Titanium is one of the popular cross-platform mobile app development solutions in use today. This helps you to develop cross-platform mobile apps by using a single Javascript codebase. It is an open-source, free Javascript-based SDK that allows developers to build native apps using web technologies such as HTML, JavaScript, and CSS. Write the code once and use it anywhere with a few tweaks. The platform provides quick and easy movement from design and code or vice versa. Moreover, Appcelerator Titanium can create sophisticated custom effects effectively and seamlessly.

Read Also: React Native vs. Flutter: What to choose in 2020

It is not that you can pick any one framework and start integrating it in your application. It doesn’t work that way as choosing a framework will depend on the project size and requirements. As it will depend on needs and project type, so it is better to consult a mobile app development company. They will help you and make sure that you are choosing the right framework for your app. So, if you are looking for a mobile application, you can hire the best Android developers in India to get the job done.

How is Blockchain Reshaping the Future of Mobile App Development?

How is Blockchain Reshaping the Future of Mobile App Development?

Blockchain technology has emerged as a boom in the 21st century. Blockchain came into the spotlight a few years back only. Since then, it has found its place in almost every industry. Blockchain has been playing a crucial role in mobile app development. The mobile app development industry will continue to rise with the latest emerging technologies such as Blockchain Technology and 5g Internet, and so on. Blockchain has dozens of benefits like peer-to-peer payment, security, a decentralized system, and a digital ledger system. In mobile development, Blockchain has become a quintessential add-on for the developers to build the apps more secure and save it from security threats. 

According to the Blockchain experts, they believe that Blockchain technology will soon be going to reach more than $ 5.6 trillion of business before 2022. Blockchain can prompt expanded efficiency and cost reduction for many businesses and Blockchain app development companies. Blockchain is a game-changer technology as it makes life simpler and safer.

Though Blockchain can help mobile app developers in a million ways, it is still scratchy right now, and there will be many blockchain challenges in 2020 ahead. In the initial stage, some experts have believed that Blockchain can bring an exponential change in the mobile app development field in the near feature.

Blockchain: The technology that covers the Financial Services

The impact of Blockchain technology in financial services is huge. It will influence many aspects of financial services, which are:- 

  1. Monetary Transactions 
  2. Financial Asset Storage
  3. Lending Credit (bonds, mortgage, and contract)
  4. Peer-peer Financing Identity Transactions
  5. Corporate Governance
  6. Funding and investing in assets

The Impact of BlockChain on the Global Market 

W. Scott Stornetta and Stuart Haberthat first introduced the Blockchain technology in 1991. And later, it was developed by an anonymous group Satoshi Nakamoto in 2008. Since its inception, it has become a multi-billion dollar venture that is likely to go mainstream in the coming few years. Do you know? The government institutions and private sectors embrace it with open arms and leveraging its benefits in all the areas. Blockchain can prevent identity thefts and makes fraud, hacking, and information loss impossible.

Look at the Statistics of Blockchain Technology

-According to the reports, the total savings by financial institutions that utilize Blockchain is $8 billion.

-The amount invested in Blockchain projects in 2016 is $14 billion.

-Blockchain market worth will be $20 billion by 2024.

-Amount raised by Blockchain startups in H1 2016- $290 Billion

-The amount invested by IBM in Blockchain-based IoT- $200 million

Here we have described how Blockchain can reshape the future of mobile app development.

How does Blockchain work?

The Blockchain has a network of inter-connected blocks where each block records information visible to everyone but can’t be changed. It is just like a digital ledger. Each block also has a timestamp of the previous block. More often than not, these blocks are storing digital assets, coins, and other stuff.

Blockchain is open to everyone and allows peer-to-peer transactions without any intermediatory party while transacting. Blockchain digital ledgers can store land documents, loans, integrity, assets, and inventory. People are storing them using blockchain technology for storing the assets strongly where they are permitted to view them but not alter them. 

Secured Payments

Blockchain is known for its peer-to-peer network and will provide faster and secure mobile payments to the users. Mobile app developers are integrating Blockchain now for peer-to-peer mobile payments in their applications. It will help developers in integrating high-level security in apps and make users more confident about their data privacy and secured payments.

Security and privacy

Security is one of the most striking features of Blockchain. Integrating Blockchain with mobile apps, developers can add multiple layers of security to protect data. Blockchain is a decentralized system that creates a database across a computer network which prevents data leaks.  

Data remains transparent

Blockchain basically uses a network of blocks connected to each other, where each block consists of transaction data and a timestamp of the previous block. As each block carries the real-time access of the user’s data, it becomes challenging for the occult coders to change, destroy, or leak the data. 

Reduced Transaction Cost

As we all know, Blockchain technology enables P2P transactions without the need for a middle man or third party. This means that there is no need to pay delegates fees for transactions to ensure guarantees. All you need to do is- trust the blockchain technology to complete the transaction. Instead of paying extra costs for transactions, use this new emerging technology for secure payments. Blockchain technology removes the intermediaries’ cost and facilitates users and businesses with faster payments at lower prices than banks. 

Hence, the above statements prove that blockchain technology reduced the transactional costs for both users and businesses over time.

More efficient 

There is no third-party gateway or any person when you are completing a transaction when you are into the Blockchain dimension. It helps users to transact faster. Some believe that blockchain transactions are way faster than the third-party bank ones. Blockchain-based transactions are 24×7 open, unlike banks, and take a couple of minutes to complete.

Enhancement in Digital Advertising 

As we all know, there are various challenges faced at the time of digital advertising. This includes domain scams, lengthy payment models, lack of transparency, and bot traffic. Blockchain can bring trust and clarity that is important to maintain the reliability of the supply chain.

Final Words

Blockchain technology is at its highest of peaks in the current times. It is having a considerable impact on the technical fields from cloud computing, digital marketing, payment gateways to mobile development. It might be a little scratchy in the mobile development field. Still, developers are trying to integrate Blockchain and make most of its security and data transparency features in mobile applications. No doubt why the fortune of Blockchain technology is bright and shiny in mobile development. There may be many blockchain challenges in 2020 if you want to integrate it into your app. So, seeking help from blockchain technology companies can help your app a lot and assist you in integrating Blockchain for mobile apps smoothly.

If you have any queries regarding the Blockchain technology, then please ask your questions on our comment section box. 

Android 11 is here: The most interesting features to look out for

Android 11 is here: The most interesting features to look out for

A massive chunk of people all around the world is using Android devices. Android is a mobile-OS built by Google, and 86% of the world population uses Android smartphones. Recently, Android has previewed its new OS update. Google calls it Android 11. Android App Developers having Pixel 2, 3, 3a, or 4 devices can take an early look at this Android version and test it. Google has done a few tweaks here and there while bringing adding some quintessential features. This Android version sees improvement in 5G support, tighter privacy and security features, a new messaging interface, and behavior changes for apps. We all know that features in Android 9.0 Pie and Android 10 were loved by the users and got a lot of applauds. Google believes that Android 11 will create the same sense in the audience this time

Booming Features of Android 11

1. Messaging

Finally, Android 11 introduces the Bubbles feature this year. This feature was supposed to launch last year with Android 10, but Google delayed the plan. Many hardcore Android users have been eagerly waiting for this feature to roll out. Not only you can open conversation in a bubble, but also you can add a shortcut to the conversation right on the home screen. Or, you can mark it ‘as important.’ Right now, Google’s messaging app supports this feature.

2. App Permissions

Android 11 has added the pop-up for giving temporary permission to your apps to enhance Android’s security and privacy. Apple introduces this feature last year in its iOS update. It seems that Google has taken that out form iOS’s book. Keeping it aside, this is a nice little touch by Android to make your phone secure. In Android 11, new permission will appear in the platform’s permission system, which is “Only this time.” This means users will be able to grant an app permission to use location access once.

3. Resume on Boot

Another new feature will be soon going to add in the Android 11 developer preview 2, which is Resume on Boot. With this addition, developers can schedule overnight OTA software updates. Resume on Boot will let applications access Credential Encrypted storage after an overnight update. Without unlocking the device, it can start receiving messages right away.

4. Screen Recording

Last year with Android 10 betas, Google brought a scratchy version of the screen recorder. Though, it never came in the final version. But, this year, screen recording is back with a fancy UI, and it will do exactly what you think it will do, record the screen.

 5. Mute Notifications while Shooting

While you are creating a video and you get a notification, it gets irritating and annoying. With the new Android version, you can mute notifications while you are recording video.

6. Scheduled Dark Mode

Google introduces the essential system-wide dark mode feature last year on its previous version Android 10. And this year, the company enhanced the dark mode feature more efficiently now. The company has added the option to schedule when your device shifts to the dark mode or when not. This means it has the ability to turn the dark mode feature on and off automatically. Besides, you can either set a custom time or have an Android shift between dark mode on and off based on the sunrise/sunset time zone. 

7. Touch Sensitivity

Google has added an “increase touch sensitivity” feature, and it is a blessing for the people who use screen protectors. Now, you can increase the touch sensitivity by going into the settings menu and enable “increase touch sensitivity” option.

8. Back Gesture Tweaks

Back gestures are super annoying at times, mainly when you perform a gesture to activate hamburger menus. With Android 11, you get two sliders to control the sensitivity of the back gesture, i.e., one for the left side and one for the right of the screen.

9. Airplane Mode

The new Android 11 version brings a positive tweak, i.e., enabling airplane mode won’t kill Bluetooth. Previously, enabling airplane mode used to kill Bluetooth, and people who had Bluetooth headphones connected had to turn on Bluetooth again. In Android 11, it won’t be the case when airplane mode is activated.

10. Copy-paste from Notification Panel

Do you also want to reply to the messages right from the notification panel? Now, it is possible to respond to the notes directly from the notification shade. Yes, the Android 11 version comes up with another exciting feature for you! The notification panel now supports the copy-paste system. You can copy an image from anywhere and paste it into the reply section of notification to transfer. It means you don’t need to open the messaging app just for sending pictures.

What can you expect in the final version?

Scrolling screenshots: Although, it has not come up in the first 
Android 11 Developer Preview, Google might bring them up in the final version of this Android update, where you get to see scrolling screenshot supports.
Settings icons- Google might be adding a new UI-based way for Settings icons, and it might come up in the final version. 
Reverse wireless charging- In Android 11, you can find a Battery Share feature in Settings. This gives an indication that Google is thinking of bringing wireless charging for Pixel 5.

What’s in for Android App Developers?

With the improved 5G support and enhancements for foldable phones, there is a lot to do for android app development companies too. Android app development will take a massive shift as they have to implement some connectivity changes and ensure better security. Companies can also build new android app development frameworks that support foldable phone configurations as they might see a boom in the near future. There is a lot to do for app developers working in the Android sector as Android 11 brings tons of improvements, enhancements, and features.

The Future Of IoT: Key IoT Trends that we can Expect in 2020

The Future Of IoT: Key IoT Trends that we can Expect in 2020

Iot is an emerging technology. It is shaping our lives and transforming traditional businesses. IoT is an integral part of digital transformation and the next door of revenue opportunities. This will play an essential role in improving the liveability index of smart cities. 

As billions of devices, systems, and services get united. We see a tremendous change in the way consumers’ lifestyle is getting huge benefits. And, nowadays, companies are growing with more efficiency as they are focusing on reducing operational costs and optimizing resources.

IoT will work closely with the real-time Artificial Intelligence (AI)  as edge connected devices, improving the pattern, shifting from central clouds to decentralized intelligence. As we know, numerous devices, services, and systems become connected, the IoT market will grow steadily.  With the increasingly cheaper and ubiquitous sensors, converting the physical data to digital content is easy.

According to NASSCOM, the IoT market size will grow at a rate of 62% CAGR and reach up to US$9 billion by 2020. Also, the IoT market revenue share will hold in many sectors such as Utilities, logistics, healthcare, automotive, production, and so on. The rising penetration of smartphone and mobile internet consumers is what driving consumer IoT mobile app development solutions in the market.

What are the factors that drive the growth of IoT in India?

Various factors are driving the IoT growth in India. These are:- 

  • Maturing IoT Solution 
  • Enhancing Customer Experience
  • Momentum on evolving partner ecosystem
  • Increased network coverage
  • Improved data speed
  • Increasing operational efficiencies
  • Innovation in product offerings

Key IoT Trends that are Shaping the Future

It’s essential to figure out the latest IoT digital trends that shaping the future. In this blog, we will share the list of crucial IoT trends in 2020 that open the opportunities for the IoT business. Additionally, these IoT trends will open the opportunity door for the iso and android app development industry. These trends which we are discussing below will help you see the full potential of IoT business opportunities. 

1. Digital Twin

Digital Twin is a virtual copy of a process, product & service or system over its lifecycle, using real-time data to enable learning, rationalizing, and understanding. IoT sensors that collect data and information like real-time status, live position, health, and performance, etc. are integrated with the living or non-living physical entity. The ecosystem of digital twin technology includes various technologies such as IoT, Big Data, Cloud Platform, & AI. All these technologies will empower the twin ecosystem.

Digital Twin assures the security of IoT devices. With tangible objects, digital twins offer us a look at what’s real, or what may happen far into the future. Do you know, Digital Twin can help Companies and Engineers to achieve great deals?  Right from visualizing products by real users in real-time and refining assumptions with predictive analytics to troubleshooting and building a digital thread, connecting various systems, and improving traceability. All is possible now!

According to a report, the digital twin global market will continue to grow at a CAGR of 37.87 to reach $15.66 billion by 2023.

2. 5G may unlock the immense potential of IoT

In the advent of the 5G era, it is likely to reshape the present wireless communication methods used for IoT-based applications. 5G provides a wide range of benefits to the IoT, which are not available with 4G or other technologies. According to EY Global IoT Leader, “Iot can’t thrive without effective and affordable wireless connectivity, interoperability, and common standards.” 

A recent market survey by GSMA Intelligence revealed that most enterprises are already using IoT, in which 65% of enterprises had already deployed an IoT solution. The majority of deployments are small, but with the arrival of 5G, the deployment size will grow.

We believe 5G has the potential to unlock up to $12.3 trillion of revenue across a broad range of industries. 5G will reshape the future of IoT!  5G and IoT both will work in the areas of latency, security, scalability, and reliability. 

3. Edge Computing

The way we process and deliver the data is now entirely transforming with the advent of edge computing. The increment in the demand for IoT devices and real-time calculations requires vast computing power. This is what drives the edge computing technology forward. 

The change to edge computing may have a significant impact on Operational Technology and Organizations’ IT

Edge computing a distributed computing paradigm that brings the data and computations closer to the device to reduce latency and bandwidth use. This is resulting in more efficient network bandwidth and more functional and efficient IoT solutions. Now, with edge computing technology, there is no need to rely on the central location for real-time data. According to the survey in 2018, it indicates that 27% of global telecom companies are implementing edge computing in 2019.

One of the significant benefits that Edge Computing offers- it reduces the cost of bandwidth for IoT data that comes from the distant location. The growing number of IoT devices collecting and transmitting data to the cloud is what created a market for this trending technology.

4. Virtual, Augmented, and Mixed Reality Applications

The blend of IoT and AR has a great symbiosis. How? IoT bridges a gap between physical assets and digital infrastructure. Whereas, AR carries digital elements to real life. AR and IOT have great potential and can do wonders in the healthcare industry. Augmented Reality is a technology that bridges the physical and digital world by overlaying information on the physical environment. Virtual Reality provides a computed generated 3D environment that surrounds a user and responds to that user’s action readily. Mixed Reality is an overarching technology solution that combines the real and virtual worlds. 
According to the reports and analytics, the AR, VR, and MR technologies will continue to grow at a fast pace, reaching a market size of $147.4 billion by 2022.

Read Also: How IoT and related technologies are leveraging blockchain to address inherent challenges

Final Words

The future of IoT looks bright and promising as it has limitless potential. Let’s watch and face it: 2k20 is going to be the year of IoT. Soon, IoT will transform our lives right from the industry level to the household sector. In all the aspects of our lives going to change with the IoT devices and solutions. It will be interesting to watch all the IoT trends in 2020.