BBVA API Market
Development of cross-platform applications has become a good initial solution for most companies due to lower time (quick product launches) and maintenance requirements (bug-fixing in a single code that works on all platforms) without this involving considerable loss in performance (the progress made in this area in recent years has been enormous). In large measure, this is due to the fact that some of the tools with the most experience have achieved a high degree of technical development while other tools have appeared, with the intention of making a place for themselves in the market.
To a large extent, companies are encouraged by what appears to be a healthy application market. According to most consultancy or independent market analysis firms, the prospects for the future are still optimistic. In 2009, the volume of application downloads in mobile platforms exceeded 2.52 billion. In 2010, this volume increased to 6.8 billion. The estimate for the coming year is in excess of 268.69 billion downloads. These figures have been provided in a study performed by the Statista online statistics portal.
The scenario is quite similar as regards volume of revenue. The forecasts are equally optimistic. According to a forecast by App Annie, in 2016 the global applications market will grow by 24% and generate up to $51 billion in revenue. In 2020, revenue generated by application stores will approach $101 billion worldwide. Essentially, this will be the result of China surpassing the US in revenue volume and the enormous surge of emerging countries like India, Indonesia or Brazil.
Competition in application stores to improve their position and increase the number of downloads has grown exponentially in recent years due to a tsunami of application creations, partly a result of the greater simplicity and lower effort required for development. The solutions for the creation of cross-platform applications are responsible for this growth, in part.
Here we include a list of the best tools, regardless of those that are used the most by the developer community, which we have already mentioned: PhoneGap, Titanium Appcelerator or Xamarin. Some of the solutions for multi-platform applications are SAP, Sencha Touch, Kony, 5App and FeedHenry; with the main features of the first three platforms described below.
The SAP application development platform (SAP Mobile Platform / SMP) is already at version 3.0. It is made up of these four primary components:
Sencha Touch also has an application testing solution called Sencha Test. This tool makes it easier for developers to create single tests for a variety of source code components to ensure that they run properly, as well as combination tests so teams can verify that the entire application is free of bugs.
Development of applications with Kony is based on a suite called Kony Visualizer, a tool in its seventh version that can be downloaded for free after submitting an e-mail address. Kony boasts that it provides developers with a nearly universal tool to launch apps available for smartphones, tablets, smartwatches and wearables; iOS, Android, Windows Phone and Blackberry operating systems and browsers such as Internet Explorer and Microsoft Edge, Safari, Chrome, Opera and Firefox.
The PSD2 Directive has boosted the use of APIs that improve the security and automation conditions with which payments are executed, such as BBVA Accounts PSD2, Funds Confirmation PSD2 and Payments PSD2.
Rulebook 43 is one of the main banking communication standards. It allows any company to receive daily statements of its accounts and, although they still have a long way to go, APIs can help implement it in any size of company.
You no longer need to go to a bank branch to open a bank account. APIs allow you to complete this and any other banking operations without leaving your company's own platform, with a fully integrated experience.