Mobile has now overpowered the position of the desktop by making it secondary touch point for the digital users. This data shows that why developers focus on making an app for every simple task, not only it makes our life easy but also provides them with a huge money-making option. The average mobile app developer revenue is shown in the table below: At the Worldwide Developer Conference, Apple talked about 1.25 million apps in the App Store and it paid $5 billion to developers last year. Forbes shared a report illustrating the growth scope of app developers. The major reason behind their success is having a variety of applications and developers. Now, they are at a place in mobile app market, that it seems impossible for any other competitor to catch up with them. It clearly shows the challenge of existence before Microsoft in the mobile app market.Īpple’s App Store and Google’s Play Store have always been the most popular app stores.
Microsoft’s Windows phone has lately seen a big setback in the year 2014 when their sale rate falls to just 2.5%.
With the rise of the affordable smartphone, reduced data prices and short replacement cycles, the smartphone industry has seen rapid adoption for the past few years. Let’s see how mobile apps have managed to grab such a high place in the current economy in a short span of time. This growth is mainly due to a high potential of mobile applications which is acquired in various steps. Last year, In 2017, 49% of the app developers went for in-app advertising (for non-gaming apps) and 79 % chosen in-app purchases of items for gaming apps. According to a Forbes report, a huge rise is seen in the usage of monetization models by the app developers. In-app ads, purchases, and other monetization models have come up immensely with the app market. Various researcher even predict that mobile app economy will touch $188.9B worldwide by the year 2020.In the year 2012, mobile app’s financial state was around $53B and it grew up to $63.7B by the year 2016.Following figures itself says how big is this industry: The app industry has seen an immense growth in the past ten years and even has no end in sight. This trend isn’t stopping soon as this field will always be in the state of innovation. From the flat small display to the curved big screens is the long road, mobile phones have came over the last ten years. The smartphone makers try to make the phone as small as possible while having the biggest display of that size. The wondrous journey of smartphone evolution has been from the old BlackBerry to the current behemoth (iPhone X).
Many software and hardware companies have worked off over the decade to narrow down all the features in small devices. Now, It is kind of impossible to imagine our life without smartphones. Evolution of smartphones: Over the last decade Smartphone with featured apps has now become the remote control for our lives and can easily boost our small business. The growing advent of mobile devices, along with apps is perhaps the biggest technical phenomena in the recent times. With the ever-growing popularity of mobile apps, various OS providers and device vendors have even launched their own application stores. However, now the scenario has totally changed. There were a few app developers who were aware of the potential opportunity that app development had in the mobile industry. Mobile App Market is the fastest growing segment in the mobile industry. Mobile applications have been a part of smartphones for over a decade.