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App Development Market Size & Industry Statistics

Market size

The app development market is booming and expected to continue growing in the years to come, making it an opportune time to start a mobile app business. However, with so many app development companies, it can be tough to make your business stand out from the rest.

This article discusses the current statistics of the app market and industry and the future trends to expect, providing valuable insights for those looking to enter the market.


Current Statistics About the Mobile App Industry That You Need to Know

Understanding current app development market trends is essential for any app development company that wants to stay ahead of the competition. Consider the following industry statistics.

  • There are currently more than 4 billion active app users worldwide.
  • The average person spends 3 hours and 40 minutes daily on their mobile phone.
  • More than 2.2 million apps are available for download on the App Store and Google Play combined.
  • The current app development market is estimated to be worth $107 billion.
  • There currently are more than 700,000 app developers worldwide.
  • The average app development cost is $270,000.
  • On average, app developers make $5,000 per app per month.
  • The most popular types of apps are games, followed by business and productivity apps.
  • The most popular apps in the world are Facebook, WhatsApp, and Instagram.
  • The countries with the most app users are the United States, China, and India.


Future Trends to Keep an Eye Out For

The app development industry is constantly changing and evolving. It’s important to stay up-to-date on the latest trends in order to keep your app development company ahead of the curve.

Keep your eye out for future app development trends.

The rise of app automation

App automation is a process that allows you to create an app without any coding or programming required. This is done by using a drag-and-drop interface to design your app’s layout and functionality. App automation is expected to save businesses time and money, as well as make it easier for non-technical people to create apps.

Increased focus on app security

With the increase in app-related cyber crimes, app security is expected to be a key focus for app developers in the future. This means that app developers will need to pay more attention to things like data encryption and user authentication.

The growth of voice-activated apps

Voice-activated apps, such as Siri and Alexa, are becoming more and more popular. This trend is expected to continue as people become more comfortable using their voice to control their devices. App developers will need to consider how they can integrate this technology into their app development process.

The rise of Augmented Reality (AR) and Virtual Reality (VR)

AR and VR are two cutting-edge technologies starting to gain traction in the app development world. AR allows users to see digital information superimposed on the real world, while VR allows users to experience a completely immersive digital environment. As a result, app developers will need to consider how they can use these technologies to enhance the app development process.

The growth of wearable apps

Wearable devices, such as smartwatches and fitness trackers are becoming increasingly popular. This trend is expected to continue as people look for ways to incorporate technology into their everyday lives. As a result, app developers will need to focus on creating apps that are compatible with these types of devices.


Stay Ahead of the Competition with a Future Focus

As you can see, many current and future trends affect the app development industry. By understanding these trends, you can ensure that your app development company is prepared for the future. Stay ahead of the competition by keeping these app development trends in mind!