The entire world is wrapped around the Apps. Even small businesses have mobile apps to get better ROI and promote their businesses. There are various types of apps available in the market such as Native, Hybrid, and Web Apps. Today Mobiles have become a very important factor for the growth of any business. Where 19% customers prefer websites; 81% customers prefer a mobile app, in fact, 75% of revenue is generated through mobile apps. Mobiles are taking over desktops very quickly. Where there are 1800+ Million Mobile Users there are only 1600+ million Desktop users.
In 2016, 149.3 billion apps were downloaded, in 2017 197 billion apps and by 2021, it is expected that there will be 352.9 billion apps downloaded by the users. In Android, there are 2.8 Million apps available in the Play Store and 2.2 Million apps are available in the Apple App Store. In 2015 where revenue generated through apps was only $69.7 Billion, it is expected to reach $188.9 Billion by 2020.
Since the Mobile usage has increased the mobile app, payments have also skyrocketed. In 2015, it was $450 billion, in 2016, it was $680 Billion, in 2017, it is $780 Billion, and by 2019, it is expected to be $1080 billion. The satisfaction rate of Mobile Payment Apps is Apple Pay 66%, PayPal 45%, and Google Wallet 33%. All are fond of Apps, but do you even know the time & cost gone in developing an App? For a simple app, it takes 300 hours, moderate app 400-600 hours, and a highly multifaceted app 900+ hours. To build an Android App it will cost you between $10-$225 and to build an Apple App it will cost anywhere between $10-$250.
Having an app will not only ease your work but will help one fetch better ROI. It is less time consuming and helps you to business on the go. The stats prove that the customers prefer mobile app over websites.
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