On the other hand, E-commerce mobile apps have also been on the rise for a long time, and if existing data is any indicator, the rise is not going to slow down any time soon. The growing tendency among the younger demographic to buy online has contributed significantly to the rise of this sector in apps. This is one of the niches that has given businesses the ability to become globally recognized brands.
In order to cash in on this market, mobile applications require a payment gateway integration within applications, which allows them to sell products and merchandise on their mobile apps.
By , over 2. The Internet of Things is also being primed as the next big thing in the area of modern mobile application development. According to Techjury, there are expected to be roughly 64 billion IoT devices worldwide by Just as the numbers suggest, mobile applications targeting this industry can expect a huge return on investment. In , the market competition in this niche is quite low making this an excellent time to tap into this market and extract the benefits by capitalizing on the first-mover advantage.
Another vertical that app developers and businesses have to keep in mind is Smart TVs and Smart Watches, as they can also churn out a huge amount of revenue in upcoming times. According to Adweek, 70 million homes in the US are connected to Smart TVs, which is allowing applications to make more money and expand their user base through diversifying. Companies like YouTube, Netflix, and Amazon are already making way onto these platforms with their custom applications designed for these platforms.
These applications are already functioning on most video game consoles as well, providing convenience by making sure that their apps are discoverable across multiple platforms. Still, it then demands more clarification in terms of the type of application you want to develop. From such reports, you can easily extract the type of application that you want to create. Furthermore, similar reports are being published on several different industries that leverage mobile applications to generate high revenue.
Here are the most popular types of apps that you can build to generate revenue with examples:. Out of the above-mentioned mobile applications, social apps, music apps, and eCommerce apps are the ones on which the users tend to spend most of the time. Fortunately, we have a pretty detailed answer to this question. In terms of opportunities, the mobile app market has a lot of potentials that are yet to be tapped.
The question we discussed earlier how much money apps can make, might not have a definite answer but through these stats and figures, you can definitely reach a ballpark figure.
If all the considerations are identified by a business, apps can make a lot of money, especially in the developing world, which is a market where demand is still sky-rocketing.
Without having to deal with a human counterpart, you can get a quote and compare it to the potential earnings that mobile apps have in the modern world. Do you have an idea that we can help with? Shah Anas is a Business Development Executive who believes in the responsibility of businesses to give back to society. Away from the office, Shah loves to talk about sports and politics and is always ready to post a long status on trending topics. I am interested in discussing my ideas with you for.
Lastly, Smartwatches! Please contact us to get started with full access to dossiers, forecasts, studies and international data. Skip to main content Try our corporate solution for free! Single Accounts Corporate Solutions Universities. In , customers spent an estimated Apps can be downloaded directly to iOS devices such as the iPhone smartphone, the iPod Touch handheld computer, and the iPad tablet computer, or onto a personal computer via iTunes. Many apps are available for free or utilize a freemium payment model, which allows the user to download the app without upfront costs but generates revenues through in-app payments.
At present, the average price of apps and games is approximately one U. The most popular monetization models according to global app developers are advertising and contract work, with paid downloads ranking just third. The most popular app categories are gaming, business, and education, followed by lifestyle and entertainment apps. Loading statistic Show source. Download for free You need to log in to download this statistic Register for free Already a member?
Log in. Apple challenged App Annie's figures after they were published on Friday, telling VentureBeat that the figures didn't agree with its own App Store revenue figures. The other interesting element from the App Annie data is the country comparisons for downloads and revenues. Well, it's like this: they might be running Android, but they're not connecting to Google Play. Instead those Android phones, where they're used for data and apps, connect to local Chinese Android markets.
They may be using some Google services, but Play isn't among them. There are tens — perhaps already hundreds — of millions of Android smartphones in use in China, but so far they're not making much impact on Google's revenues. But are app download numbers on the rise because more apps are available? Or are more apps available because so many more apps have been released?
I took the time to create a more in-depth analysis of the Google Play Store. We just finished looking at the Apple App Store availability. So I wanted to jump right in and show you the number of apps available for download on the Google Play Store.
We actually saw a drop in app availability after mid Although the number of apps have been steadily rising ever since. The Google Play Store is highly competitive. Based on the data over the past two years, the trend line should continuing rising for the foreseeable future. As we already saw, Google Play Store downloads are still rising, even though the number of apps available for download had dropped a bit during that same period.
The Apple App Store app availability numbers are rising each year, but the download growth rate is a lower percentage compared to the Google Play Store. You can measure the success of an app category based on penetration. According to Statista, these are the app categories with the highest penetration rate among Android users. Some of these categories need to be taken with a grain of salt.
For example, look at the top categories on the list. Those apps such as communication apps likely come pre-loaded on all Android devices.
But aside from that, this list is a good indication of what types of apps Android users have downloaded apps like WhatsApp, Snapchat, Netflix, TikTok, Spotify, and Tinder. The average smartphone user spends 3 hours and 10 minutes each day using their device. The average person uses 9 mobile apps per day and 30 apps per month. What does this mean?
People are downloading apps and not using them. As you just learned, app usage is not guaranteed after a download. Some of you might be aware of this if your app has already been brought to market. But how do you know if this is happening to you?
The best way to measure this is with retention and churn. Basically, you need to track these metrics. Give users a reason to keep coming back and using your app down the road. No app is perfect. Even the top apps have bugs now and then. Come up with updates and new versions of your app to improve the performance and user experience. We already saw the data to back that claim.
If you look at this list, it makes sense. All of the top apps are used for different purposes and could be used on a daily basis. There is nothing wrong with shooting for the stars. You can still build a mobile commerce app for your business and have plenty of success.
But it would be an uphill battle, to say the least, if you wanted your app to be the next Amazon. Can you build an app with GPS map services? But will it surpass Google Maps? Probably not.
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