In the 21st century, mobile apps have become essential for customer acquisition, engagement, and retention. For this reason, startups who have a mobile app are valued at a whopping 825% higher than startups without mobile apps. Without over 137,000 startups emerging every day, VC funding for mobile app creation is paramount to getting a competitive edge in business success.
Foremost, a mobile app ensures a good user experience, which includes accessibility for everyone, simple usage, and easy access to consumers. It should also facilitate cost-effective growth by helping to keep the cost of revisions and overall app development low over the initial years of an app’s lifespan. On the other hand, mobile apps generate large sums of revenue, around $186 billion dollars industry wide. Simultaneously, in-app spending will grow by 267% and average revenue per download will grow to $9.46. In fact, 74% of organizations see positive ROI from their mobile apps.
Fortunately, there are mobile app companies that help you scale from where you are to the high levels of property. Mobile app development partner Tapptitude, for example, has over 150 apps developed across over 10 different industries. Regardless of your virtual prowess, your company can take advantage of mobile apps with companies like Tapptitude.
Source: Tapptitude
