Want to Develop an App for Your Business? This Report is a New Hope

If You Ever Thought to Develop a Mobile App for Your Business, This Report from the Sensor Tower Will Give You a New Hope

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If You Ever Thought to Develop a Mobile App for Your Business, This Report from the Sensor Tower Will Give You a New Hope
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This blog is useful for the business owners who want to develop a successful business model in terms of mobile apps, who want to solve their business challenges with the technological solution. Herein, we’ve rounded up main points from the latest Sensor Tower report on the Gross of mobile app revenue.

The mobile app business has matured day by day. And, it has now become the part of global economy.

Since after passing of 2017, many business owners and the entrepreneurs may have been waiting for the latest report of global mobile app revenue, which is usually generated on yearly basis by one of the recognized firms. Herein, we’ll talk about the data of the growth of mobile app from 2016, 2017 to the upcoming years.

Talking about the data what we got in the report, it reflects and predicts a shift in mobile app development trends of upcoming years. Herein, you will also get a better idea and the optimal solution for mobile development for your business.

According to the report, “In the third quarter of 2017, app revenue and the number of downloads hit record levels”.

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Image Source: Techcrunch

Key Points of Mobile App Revenue Statistics

Let’s have a look at the statistics of mobile app revenue from 2016 to 2017 by Business Insider.

  • In the year of 2016, the total global app revenue is $88 billion.
  • The in-app purchase revenue in 2017 is $37 billion across the world.
  • In 2017, the global paid for mobile revenues is $29 billion.

In addition, you can check in the below graph. The Forecast report by Statista says, “the global app revenue will be $189 billion by 2020”.

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The Data: Gross Mobile App Revenue Globally of 2017

If you have ever planned to develop mobile apps, it is noteworthy data, which you need to check out.

The first and the foremost, talking about the latest generated data analysis report from Sensor Tower, as it says, “Global app revenue arose 35% in the year of 2017 to nearly $60 billion”.

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Even more impressively, when it comes to the growth, the above graph states that “the growth has increased 34.7% for the App Store in 2017. On the other hand, Google Play has increased by 34.2%”.

It means that the growth of both app stores (Apple App Store & Google Play Store) has been increasing year-over-year.

The Data: App Downloads Globally in 2017

In the following data of the first-time app installs from SensorTower, you can see that in the year of 2017, it grew to approx. 915. Billion, up to 13.5% from an estimated 80.7 billion in 2016.

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Elaborating the above graph, we can say that the growth of Google Play app downloads is more pronounced than Apple App Store as we compare growth between the years 2016 and 2017.

The data of mobile app downloads have been driven continuously by Smartphone users on both iOS and Android platforms.

What Prediction Says About The Global Mobile App Revenue by 2021

Meanwhile, we came across the data from diverse platforms in which we’ve seen the prediction of mobile app revenue by 2021.

This following graph is in between two biggest platforms (iOS and Android), and the third-party Android Stores. This data may have been lucrative for those who are looking into Android and iOS mobile app development for future.

If we talk about iTunes users, the data demonstrates that people find out the high level of trust and satisfaction with iOS. And, it seems a never-ending process for iOS in the year of 2021, too. On the other hand, Google’s Android is available on dozens of smart devices. Therefore, the broad reach of Android will be continuing in the year of 2021.

So, long story short, according to the report, “Apple’s iOS can generate $60 billion, Google Play will $42 billion, and third-party stores will $36 billion in the year of 2021”.

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Image Source: 9To5Mac

In a big way, the future of mobile apps revenue will grow depending upon how fast the cutting-edge technologies like AR (Augmented Reality), VR (Virtual Reality), and IoT (Internet of Things) will be developing.

A New Hope

When it comes to the advancement of mobile app development, there is no chance of slowing down the growth of mobile app development in future. There’s always hope.

So, in case, if you have not ever been into the business of mobile app development for some reasons, then after going through with the complete data of mobile growth of mobile apps from 2017 to upcoming years, it may help you to take one step ahead to get your own mobile app for your brand.
Moreover, if you may face any challenge in order to develop mobile apps for your business, discuss with the iOS mobile app development team.

Till now, you may have a question like – how much does it cost to make an app? Well, the answer lies – depending on the developer to developer, plus the demand of app in terms of features and functionalities of the mobile application.

Therefore, to get your mobile app done, you can get in touch with iPhone app development company, which specializes in crafting mobile applications with advanced functionalities.

Still, if you may have any query or confusion related to mobile app development, feel free to ask through given form. We’ll revert you within 48 hours with the optimal solution.

 
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