Is Mobile App Development Profitable?
There are about 2 million mobile applications available in the App Store, and 2.2 million apps on the Play Store, and some alarming figures show that only 25% of downloaded apps are utilized within six months.
To draw attention to the irony of the many apps available in the numerous apps, an advertisement campaign was created with the slogan “there’s an application for this”. There was a time up to a point in the past when the effectiveness and the popularity of any platform were determined by the number of mobile apps available on its market.
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This led to Microsoft’s strategy to attract more developers of mobile apps for the Windows Phone platform so that it would soon reach the million mark! BlackBerry did not win the contest due to its inability to be a part of the other competitors.
App Fatigue Factor
The problem with every new trend is that many people overspend, that’s why each time 50 new apps are made available through the app store, there is a chance that one will be successful.
But, not all apps include features or features that can entice the user’s attention. Smart devices are evolving with the advent of integrated technology like NFC as well as high-resolution front and back cameras, and smart integration with devices, among others.
Thus, expectations from consumers are increasing in terms of advancement and it’s essential for mobile apps to keep up with these changing expectations.
You must prefer the native app development approach,
- High-performing, responsive app
- No budget constraints
- This can ensure a consistent user experience.
Or else, choose cross-platform application development if you need:
- If you have a limited budget
- You need to launch the app quicker on multiple platforms.