Reasons why business of Retail App Development Is growing exponentially

Retail App development is a growing business, and its revenues are constantly increasing with every passing year. With the assistance of Android app developers, you’ll know what to do and what not to do when it comes to developing a custom mobile app, so you’re able to profit from it.

At the moment, the app market is extremely large and is continuing to grow. It has been predicted that the between the years of 2016 and 2021, the digital sector will generate revenue multifold.

Hence, it’s safe to say that the Retail app development Make an Inquiry about this newsbusiness is a big one, which is why enterprises everywhere should consider hiring the services of Android app developers.

Today, almost every business you interact with on a daily business — right from your grocer to your bank — have their own dedicated mobile application or are vying to create one for themselves.

It’s, therefore, no surprise that apps can make you a lot of money — millions (or even billions) of dollars even.

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Reasons why business of Retail App Development Is growing exponentially

However, it’s important to note that not all apps make this kind of money — there are apps that have proven to be absolute failures. So, how do you avoid creating an app for your business that’s a failure? Well, you can rely on the services of Android app developers to do so.

By making use of professional Android app services, you’ll know what needs to be done, and what shouldn’t be done. If you do everything right, you could end up with an app that makes you a revenue-generating machine.

So, while we’re on the subject, let’s talk numbers.

The Business of Retail App Development Is Growing Exponentially

The projections for the app economy show that the worldwide app economy will be worth about the US $6.3 trillion, by the year 2021. Moreover, monetization, in the form of app stores, mobile commerce, and in-app ads will play a crucial role in this increase in revenue.

Apps Are Now More Than Just Mobile Apps

Although smartphones are one of the primary ways of using apps, other various platforms exist as well — another reason for enterprises to consider hiring Android app services or a dedicated Android application developer. These new platforms have penetrated the market in the form of integrated smart devices such as Smart TVs, which are common to the homes of more than 34% of Internet users.

Just like Smart TVs, video game consoles like PlayStation 4, Wii U, and Xbox One have app stores of their own — another opportunity enterprises can bag with the help of Android app developers. The income of gaming app in the year 2016 was the whopping US $50 billion — and this figure is only expected to rise in the years to come.  

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Furthermore, for other kinds of apps, such as those for education, productivity, entertainment, and more, it has been predicted that a triple of revenue is in order. The projected revenue is the US $34 billion in the year 2021 from the US $11.5 billion back in 2016.

Besides these platforms, enterprises should keep an eye out for smartwatches. Although this device is quite new to the masses, it may become extremely popular and may require Retail app development of its own.

Android’s Opportunities

Sure, the idea for an app may be great, but other factors, such as the cost of developing the mobile app is also extremely important when it comes to expecting revenues from the app. By hiring an Android app developer or professional Android app services, you’ll find that its recommended to do a thorough study of the market, before jumping into developing the app.

Furthermore, with the assistance of an Android application developer, more avenues for distribution will automatically open, as Android’s market penetration is greater than that of iOS, and so, provides significantly more distribution opportunities. It is also necessary to point out that Google Play is not as expensive as other app stores, like Apple’s App Store.

A mere USD $25 allows you to use the platform for the rest of your life, thereby proving to be extremely cost-effective.

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Blog Summary:

Retail app development is a huge business. It’s, therefore, no surprise that almost every enterprise out there wants to invest in custom retail app development.

However, when developing an app for your business, it’s important to avail of the right services to do so. These services could include those of Android app developers, as Android app services can prove to be extremely profitable to a business; and the numbers prove why:

  • The Retail app development business is continuously growing: The projections for the Retail app development business for the years 2016 to 2021 show that the revenue generated will only continue to increase. It has been predicted that the global app economy will be worth approximately US $6.3 billion by 2021.
  • Apps go beyond mobiles: It’s no doubt that smartphones are one of the primary ways of using apps, but other platforms exist, as well, which is why it’s important to consider hiring an Android app developer who is familiar with these platforms. Gaming consoles like Xbox One and PlayStation 4 have their very own app stores, due to which the income of gaming apps stood at the US $50 billion. Furthermore, smart devices such as smart TVs and smartwatches also call for apps of their own.
  • Android’s opportunities: Android apps cost less to develop, as compared to iOS apps. In addition to this, the assistance of an Android app developer will prove to be useful, as Android has more distribution opportunities, thanks to the Google Play Store that charges just the US $25 for lifetime use.

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