Within 10 years of the world’s introduction to apps and app stores, in 2019 there are more than 2.2 million iOS apps on the Apple App Store and 2.6 million Android apps on the Google Play Store as accredited by Statista. For a user base reaching as high as 6.8 billion (Statista in 2019), there are plentiful options to choose from for a particular task function, operation, or simply for leisure, entertainment, or gaming.
The on-demand app entrepreneurship trends have made possible to literally enable any mere task on a finger-touch on the smartphone for customers. Consumers have gotten closer to the supplying companies or brands, owing to the customized apps that avail them shopping anytime, anywhere. There are apps covering a wide range of genres covering entertainment, games, social networking, banking, shopping, leisure, etc for all age-groups.
Also, enterprises are moving to digital shifts by adapting mobile apps at workplaces for employees as they get benefits of work efficiency, internal communication, easy access to data, and more.
To match up the demanding scale of mobile apps, an upsurge is seen in the count of app developers. The number of app developers worldwide has grown from 2 million in 2006 to 12 million in 2016, according to Evans Data Study.
App development scenarios are drastically improving with the increased efforts of developers, active interests & involvements by clients, appreciated remunerations & motivations by patrons, and the emergence of new technologies.
There are also stats that say less than 0.01% of consumer apps turn out to generate revenue as expected, according to the Gartner report in 2018. That means only 1 out of 10000 apps find its way to financial success.
Considering Enterprises, Adobe research states that the companies investing in enterprise apps are yielding only 35% ROI, which is meager.
This post is a dedicated discussion thread for all the entrepreneurs to explain their beautiful stories. First of all, let’s find out why are startups and enterprises investing in business apps.
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Vishal Nakum
Vishal Nakum is a tech enthusiast with a passion for exploring the latest developments in the world of technology. He has a keen interest in emerging technologies such as Artificial Intelligence, Machine Learning, and Blockchain, and enjoys keeping up-to-date with the latest trends and advancements in these fields. Vishal is an avid learner and is always on the lookout for new ways to expand his knowledge and skills. He is also a creative thinker and enjoys experimenting with new ideas and concepts. In his free time, Vishal enjoys playing video games and reading books on technology and science.
Prajakta Joshi
I am a tech-savvy wordsmith, weaving the power of technology and storytelling to craft captivating content for the IT industry. As I embark on this journey of knowledge and creativity, I find myself collaborating with TRooTech - a Leading Custom Software Development Company. Together, we are redefining innovation and delivering cutting-edge solutions that inspire and drive success