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Five Interesting Statistics About Mobile App Development In 2022

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Five Interesting Statistics About Mobile App Development In 2022

It’s no surprise that mobile app data usage increased dramatically because of the pandemic in 2020 and 2021. Because of the Covid pandemic, mobile app development has become one of the most financially lucrative businesses.

There are around 3.2 billion smartphone users in the world right now and the number will be around 7.5 billion by 2026. The revenue generated by mobile apps increased from $461 billion in 2019 to $639 billion in 2021.

Today we’re going to discuss some really interesting facts about the mobile app development industry and discuss why you should be considering creating an app of your own.

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It makes a lot of sense for most businesses to outsource their work as you can get quality services at a fraction of the cost. Rushkar can help you hire dedicated developers India has to offer at the best prices available in the market.

There are millions of apps avaCilable in various stores

Apple’s AppStore has over 2 million apps for users to install. Google Play Store has a massive collection of 3.4 million apps. The gap between the two numbers is the result of Apple’s strict policies. And when to this you add the 660,000 apps in the Windows Store and the 460,000 apps in the Amazon Appstore, you’ve got a crowded and competitive market.

Thousands of apps are just worthless, which is good news for anyone genuinely trying to create good apps. At the same time, the huge number is also indicative of how difficult and saturated the market is.

App downloads are increasing

According to a report by Statista, 218 billion apps were downloaded globally last year compared to 204 billion in 2019. This number is only going to increase from now on.

There are a lot of apps that permanently stay on users’ smartphones and there are also a lot of apps that users constantly download and delete immediately after using it for a while, only to download it again after a few days.

Millions of apps get deleted and uninstalled

If you are planning to launch your own app, it’s important not only to know what makes people download various apps but also what makes people delete those apps. Below are some of the most common reasons for people to uninstall or delete apps from their smartphones.

  • 29.6 % of users uninstalled or deleted apps because of security and privacy concerns.
  • 71% of users were reported to delete or uninstall an app because of its annoying notifications.
  • 50.6% of users uninstalled an app because it was taking up too much device storage.
  • 20% of users deleted apps due to their excessive data consumption.
  • 62% of users deleted apps because of bugs and performance issues.

The Top Business Sectors For Mobile Applications

Numerous fields have additional chances to benefit from mobile applications. There are certain businesses that profit more from mobile apps than others, so if you work in one of such fields, investing in mobile app development might be a wise decision.

Banking And Fintech

Banking and Fintech were downloaded 4.6 billion times globally in 2020. In comparison to the previous year, this is a 15% increase.

Travel

In the second quarter of 2021, 10.6 million travel applications were downloaded, up 81 percent over the same period in 2019. People appear to be returning to travel as the world heals from the pandemic and travel prohibitions are lifted.

Food Delivery or Restaurants

Food and beverage delivery apps were downloaded 400 million times in 2020. That’s a 20% increase over 2019.

Mobile Advertising is a business worth billions of dollars

Digital advertising and marketing have been a huge business ever since the dawn of the internet, but mobile in-app advertising has helped the industry reach a new height.

  • Global mobile advertising spending reached $276 billion in 2020.
  • The total amount spent on mobile advertising in the United States was $113 billion.
  • Facebook’s advertising revenue was $84 billion.
  • Google’s ad income was $147 billion.

These stats clearly show that people spend more time on their phones, download millions of applications, and consume a lot of ads. Marketers are willing to pay for such advertising as well, making this a potentially lucrative arena.

Conclusion

With the number of smartphone users expected to increase to 7.5 billion in the next five years, practically every kind of app is likely to find an audience.

If you’re based in Texas and looking for good options for app development Texas has to offer, then look no further.

Rushkar can help you hire dedicated developers India has to offer at extremely affordable market rates. Contact us now to know how we can help you turn your brilliant ideas into reality.

 

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