Out of every 10,000 mobile apps developed, only 1 will triumph while the other 9,999 will go puff into oblivion. This might be a hard pill to swallow, but it’s true, nonetheless. So, it is very important to be clear about the strategy, plan and execution before committing time, money and resources to building an app. With an average investment of $270,000 to design, build and launch an app, it's not a small project by anyone's standards.īut the stark reality is that most mobile apps fail. On the other hand, research from Gartner estimates that fewer than 0.01% of apps were considered a financial success in 2018. After all, most likely, your competitors are already doing it. These numbers are loud and clear: it’s time you join the mobile app development train. The worldwide mobile app economy hit $6.3 trillion in 2021, and app revenue is expected to experience an uptick of 113 percent to reach $188 billion. In fact, companies leveraging mobile capabilities enjoyed a staggering 360 % higher IPO valuation in 2018. In 2019, there were more than 5.11 billion unique mobile users, accounting for over 90 percent of all global internet users.Īccording to the State of Mobile 2019 report by App Annie, global app downloads reached 194 billion in 2018, with consumers spending a whopping $101 billion on app stores. Mobile app usage prove the business case for building a mobile app

Best mobile app builder 2013