Mobile technology has been one of the important reason for digitalization of world. The fact is that people have access to mobile phones more than bank account, electricity or even clean drinking water system. Mobile technology is improving day by day in terms of affordability, functionality and extending network coverage in rural areas also. Since the origin of mobile apps industry is expanding continuously, numbers of mobile software applications are available for social networking, utility and education etc. There is specific impact of apps on society and on economy. So let’s have a look on some important points of mobile apps industry, economic influence and its challenges.
"Industry and economy have indivisible relation"
Economic Impact of App Industry:
The app business has become a part of the economy these days. The focus has shifted from novelty to innovation and this is the reason for massive growth in revenue. Below chart explains the contribution of app industry in economy.
As per chart analysis we can see the biggest increase in revenue was in 2012, where the annual revenue is raised from $8.32B to $18.56B. It was more than hundred percent rise as compared to its previous year. That was due to android and iOS platform as Apple had launched iPhone 5 with 4 inch screen which facilitated fast growth app revenue. Whereas Android got 75 percent of the global smartphone market in 2012.
Again in 2015 it is boost up $10.38B from the last year 2014, this was again the result of Apple’s launch of iPhone series, iPhone 6 and iPhone 6+ in 2014 and iPhone 6S and iPhone 6S+ in 2015 were introduced. All these models have become extremely popular. Where market was dominated by Android also in terms of daily activation rate. The hardware popularity and adoption rate increase always lead to the software. The more device activation results in more downloads and at last increase app revenue.
Bright Future for App Industries:
So this way mobile apps industry has positive impact on economy. Future of app market is bright. An app development profession is in great demand today. Hence it will have positive impact on employment also. Moreover eCommerce companies are going on mobile platform and mobile money industry is bringing financial inclusion to number of unbanked population.
Challenges in Mobile App Business:
Likewise other sectors mobile app industry is also facing certain challenges for instance shortage of skilled manpower force, high cost of development, competition by independent or freelance developers and availability of free apps in market etc.
"Root of economic growth lies in scope of business"
This way mobile app business is developed now and has become part of the economy, even in future it will have extensive impact on economy as entire world is going to be the digital world!
Source: http://www.i-phoneappdeveloper.com/emerging-mobile-apps-industry-ushers-growth-economy/
"Industry and economy have indivisible relation"
Economic Impact of App Industry:
The app business has become a part of the economy these days. The focus has shifted from novelty to innovation and this is the reason for massive growth in revenue. Below chart explains the contribution of app industry in economy.
As per chart analysis we can see the biggest increase in revenue was in 2012, where the annual revenue is raised from $8.32B to $18.56B. It was more than hundred percent rise as compared to its previous year. That was due to android and iOS platform as Apple had launched iPhone 5 with 4 inch screen which facilitated fast growth app revenue. Whereas Android got 75 percent of the global smartphone market in 2012.
Again in 2015 it is boost up $10.38B from the last year 2014, this was again the result of Apple’s launch of iPhone series, iPhone 6 and iPhone 6+ in 2014 and iPhone 6S and iPhone 6S+ in 2015 were introduced. All these models have become extremely popular. Where market was dominated by Android also in terms of daily activation rate. The hardware popularity and adoption rate increase always lead to the software. The more device activation results in more downloads and at last increase app revenue.
Bright Future for App Industries:
So this way mobile apps industry has positive impact on economy. Future of app market is bright. An app development profession is in great demand today. Hence it will have positive impact on employment also. Moreover eCommerce companies are going on mobile platform and mobile money industry is bringing financial inclusion to number of unbanked population.
Challenges in Mobile App Business:
Likewise other sectors mobile app industry is also facing certain challenges for instance shortage of skilled manpower force, high cost of development, competition by independent or freelance developers and availability of free apps in market etc.
"Root of economic growth lies in scope of business"
This way mobile app business is developed now and has become part of the economy, even in future it will have extensive impact on economy as entire world is going to be the digital world!
Source: http://www.i-phoneappdeveloper.com/emerging-mobile-apps-industry-ushers-growth-economy/
