Especially in today’s digital age, more and more startup founders are beginning to look for app development partners. In the wake of staggering research stating that small businesses with a mobile app are valued at over 825% higher than those without apps. The startup landscape continues to be more competitive than ever with application integration. Globally, nearly 150,000 new startups launch every day.
Venture capital funding is more prevalent than ever in leading industries such as health technology, transportation, food, media, and wellness. With billions in funding available for these startups, mobile app development has become a key differentiator for small businesses. Further, for those businesses that are looking to survive their crucial first five years.
The Power of Mobile App Development
The first of several benefits that app development brings to the startup landscape is the increase in user experience. This heightened accessibility and simplicity of use have led to an increase in ROI across the board, with 74% of organizations seeing positive ROI from their mobile apps. This has also pointed to cost-effective business growth and has the power to validate business ideas with investors.
Along with demonstrating customer interest and long-term vision, mobile apps can also predict profitability with the potential for being an additional source of revenue. In-app spending is projected to grow by 267% between 2021 and 2030, making this leap to the mobile space a chance to further monetize business ideas.
Conclusion
Many successful app development partners have taken some of the now most successful startups to the next level. With millions of active users and downloads, there is no limit to the success that viable businesses can find in mobile app integration.
Especially at a time when most people spend much of their lives on their phones. It’s important to meet users where they are and offer them the ease of a mobile app to take advantage of new startups.
Source: Tapptitude
