Billions of dollars can be made by mobile apps but most of the money is earned by certain kinds of apps and many apps not make money at all. To maximize your app’s earnings, an app development company like “TechTIQ Solutions” will tell you what you should, and shouldn't do. This blog will explain the ins and outs of how apps make money and provide some ideas for how you can able to earn from your mobile app.
Over the years the mobile app market is growing substantially and industry experts predict continued growth. In this year 2018, mobile traffic accounted for 65% of total website traffic in the United Kingdom and United State, and almost 6 hours per day, adults spend consume their time in digital media from smartphones, desktops, laptops, and other connected devices.
If new entrepreneur wants enter in the mobile app market, with a really cool idea for a mobile app, the first questions are likely to be profit-related. Building a mobile app is a difficult task and you will want to be rewarded for all of your hard work. Our mobile app development in London earning potential should give you a clearer idea of how much you can make off your mobile app.
Our company, “TechTIQ”, has experts which can help you determine how to earn money from your bespoke mobile app, with money-making potentially.
PLATFORMS TO MAKE THE MOST MONEY FOR APP DEVELOPERS:
The first step is to decide on which platform (or platforms) you want to design your bespoke mobile app for. Due to differences in market penetration and platform popularity, your mobile app is greatly affected.
In the mobile app developers world, developers are in high demand and accordingly required compensation. The Android app development in mobile app platform is in the lead and developers get an average salary of $95 K as well as Apple’s iOS platform is also similar in the lead of this race. Both Android and iOS mobile app have "on top" in terms of mobile app earnings. Some of the new ios app developer in the mobile app market have started recruiting mobile app marketing specialists to help and minimize the gap. The notion- favorable mobile apps platforms are BlackBerry OS and Windows Mobile.
REVENUE GENERATION FROM MOBILE APPS:
Now a day’s Mobile Apps are big business, world mobile app revenue is projected to reach over $170.9+ billion by 2021. In which share of gaming mobile apps is on the list of top mobile apps.
Most of game mobile apps are free to download, but the real money is made by paid apps and in-app purchases. Global revenue from paid apps and in-app purchases were projected at $36 and $28 billion.
REVENUE GENERATION FROM SUBSCRIPTION APPS:
Over 45+ million registered users, Match Group mobile apps generate over $400 + million in revenue. The approach of match group Tinder app has the highest-grossing subscription apps worldwide and similarly, Bumble, Pandora, Spotify, and Tidal subscription apps also generate revenue. Subscriptions of this apps generate the majority of these apps' revenue. Video-streaming apps like Hulu and Netflix operate on subscription-based method as well.
A Hotspot Shield is an app that has used on a number of important issues worldwide. The app allows users to access a virtual private network (VPN) and bypass government censorship. Subscriptions cost users $5.99 a month for a year of service, or $12.99 on a month-to-month basis. Hotspot Shield reached 5 million installs as of January 2017. Also, privately owned apps like Telepathic are also generating a good amount of revenue.
APPS ARE NOT ONLY FOR MOBILE PHONES BUT USED ON OTHER DEVICES:
Apps are not only used in mobile phone but also used and integrated with smart devices of today’s market like Smart TVs. The most popular apps used on Smart TVs are ones that are appropriate for the medium and already have a very large, existing user base such as Netflix.
MONEY YOU CAN EARN WITH AN APP:
For any app right platform selection is essential as well as for video game consoles such as the Xbox One, PlayStation 4 have their own app stores, unlimited apps can be found on each platform. These are successful apps offering their services on new platforms to make it more convenient for their users.
Now a day’s one more popular platform is smartwatches and smart watches are predicted to reach a 51% share of wearable devices sold in 2020. So Optimize your mobile app to be smartwatch compatible a big competitive advantage.
THE NEXT BIG THING IN MOBILE APP DEVELOPMENT:
In the app market, there are various opportunities for fortune this market has experienced substantial growth. Now mobile app market may be a bit oversaturated but huge windows of opportunity opening in UK, China, Brazil, and India. Video game apps, subscription-based apps are best for, multi-million dollar earnings. Last but least, the growing market of smart TVs and the emerging market in smartwatches will further expand the mobile app development environment.
THE ULTIMATE MOBILE APP MONEY MAKING SECRETS
Reviewed by Unknown
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June 24, 2018
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Reviewed by Unknown
on
June 24, 2018
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