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Industries Affected by Mobile Apps



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The next time you use your favorite mobile app, stop to consider how these miniature versions of coded programs have literally changed the world. If you doubt that they have, look at several diverse, large, global industries like telecom, securities trading, transportation, and banking. And, that’s just a representative sampling. In fact, it’s difficult to think of an area of commerce and economics that has not been wholly transformed by mobile computer applications. Here’s a look at the deep effect these uniquely user-friendly computer programs have had on modern industries, beginning with telecom.

Telecom

One of the first industries that was significantly disrupted by the mobile-computing revolution was telecom. In fact, the entire way people communicate has changed. Two short decades ago, your choices were pretty much limited to phone calls, emails, and faxes. Now, after a full decade of market growth for applications that let people swap text messages, video clips, photos, documents, and encrypted data of all kinds, standard phone calls are quickly becoming relics of the recent past. One of the biggest, and more recent, market transformations was related to the COVID virus, during which millions of people who were confined to their homes used a favorite video conversation app to interact with each other.

Trading

Not long ago, if you wanted to buy stocks, sell bonds, or operate in the forex markets, you had to either go through a full-service brokerage firm or operate from an at-home desktop computer. No more. With the advent of lightning-fast mobile apps, anyone with an account can buy, sell, swap, analyze, and invest as long as they have access to their favorite internet-connected device. For starters, easyMarkets offers a proprietary trading platform from which users can quickly and easily perform instantaneous transactions in forex and CFD (contracts-for-difference) accounts. This is perhaps a prime example of how an agile app can allow investors and trading enthusiasts to do business from anywhere, anytime the markets are open.

Banking

When is the last time you visited a brick-and-mortar bank branch, stood in line to see a teller, or spoke face-to-face with an officer of your local bank? Probably once, at most, in the past couple of years. There’s a good reason for the disappearance of in-person banking: mobile-device applications that do the job better. With the sole exception of getting your hands on cold, hard cash, there’s really no reason to visit a bank or an ATM these days. Whether you want to pay bills, transfer money, receive funds from a payer, or simply scroll through your account history while taking care of your financial profile, all you need is a smartphone, laptop, smartwatch, tablet, or any other device to get the job done.

Transportation

In past decades, if you needed to go across town and didn’t own a car, you could wait for a bus, call a friend for a ride, or hire a cab. The explosion of the personal mobile app market has changed that menu of choices. Ride share has become the go-to solution for people who need to get from point A to point B. Next to financial apps on mobile devices, ride-share versions are among the most popular.