In a digital age where the world is literally at our fingertips, mobile apps are more than just a growing trend, they are revolutionizing the way we connect, shop, and explore. With billions of apps downloaded each year, the digital landscape offers a rich opportunity for businesses and entrepreneurs to dive into the world of mobile application development and reach out to a global audience.
As per Statista, in 2023, consumers downloaded 121 billion apps from the Google Play store and around 35 billion from the App Store. The number is further expected to increase by 2026, reaching 143 billion and 111 billion for Google Play Store and App Store, respectively. Furthermore, the total revenue generated by mobile apps is also expected to reach $673.8 billion by 2027, pointing to a rapidly expanding market.
Simply put, the unprecedented surge in app downloads and the expected revenue to be generated by the apps signifies that now is the right moment to bring your digital vision to life and capture the momentum of this digital wave. Whether it’s finding smart solutions to everyday issues or inventing completely new ways for people to experience the digital world, the possibilities for innovation in 2024 and beyond are unlimited.
Our blog will help you deep dive into everything you need to know about mobile application development for your business. From exploring various app types and understanding their benefits to the underlying development process and overall costs, this mobile app development guide will help you in navigating the journey of bringing your app idea to life.
What is Mobile App Development?
Mobile app development is the process of creating applications for smartphones. These applications can be preinstalled on the device, downloaded from a mobile app store, or accessed through a mobile web browser. Typically, a mobile application development company in Brisbane uses a network connection to work with remote computing resources. Thus, the process of app development involves:
- Building installable software bundles
- Implementing backend services such as data access with an API
- Testing the app on target devices
To develop robust and scalable mobile apps, you also need to consider hardware requirements and the screen sizes. In addition to this, it’s important to focus on the app’s performance in different network conditions and integration capabilities with other applications and services.
Why Should Businesses Leverage Mobile Application Development: A Quick Glimpse Into Multifaceted Benefits
Mobile apps have become an indispensable entity for businesses of all sizes, be it a startup or an established titan. As a business owner, ignoring the benefits of leveraging mobile application development means missing out on opportunities for growth and engagement. Below are some of the ways mobile app development for businesses is benefiting them:
Provide More Value to Customers
In the past few years, the business landscape has changed significantly. Businesses now rely heavily on technology to initiate and complete transactions with consumers.
Mobile apps are an integral element of modern tech that is constantly changing how consumers shop and satisfy their requirements. With the increasing pace of technological advancements, consumer expectations are also growing. Thus, mobile apps have become a great channel for meeting those user expectations.
For instance, retail shopping is one of the key business categories that benefit the most from mobile apps. By shifting to retail mobile apps, you’re sure to make your goods and services more accessible and easy to use.
For instance, at Appinventiv, we built an ERP application for IKEA, the world’s finest furniture retailer, that gave customers the real-time status of products’ availability and allowed the brand to gather customer information for marketing purposes. Our efforts led to the creation of a solution that has been adopted at over 7+ IKEA stores. The brand also touts the solution as one of the biggest sources of ROI measurement.
Modern consumer behavior prioritizes personalization and convenience, and apps make that available at the customer’s fingertips.
Build a Stronger Brand
The more value you offer to your customers, the more interest they develop in your brand. However, it’s impossible to achieve a deep brand experience without deliberate branding efforts. This is where branded mobile apps come into the picture.
Mobile apps are becoming an innate part of our everyday lives. App owners can utilize this channel to their brand’s benefit. The more branding elements you get right within your app, the better the impact you can expect on brand marketing results. You can even collect data from this app to understand your target audience better and improve your brand marketing strategy.
Achieve Increased Customer Engagement Level
One of the best ways to increase revenue generation and brand awareness is to focus on increasing the customer engagement level. If you successfully boost how frequently your customers engage with your brand, you will experience an increase in RoI, customer lifetime value, and other important metrics. For app owners looking to increase the engagement level, they need to include certain innovative features in the app.
Perhaps the most important for them is segmented targeting. This includes creating multiple user categories and controlling the type of content delivered to each segment of users. User segmentation allows you to provide accurate recommendations, send personalized messages, and understand your customers’ journey better.
Other in-app elements that can help achieve higher customer engagement level includeloyalty programs, continuous features updates, and discounts. Apart from the features, it’s crucial to pay attention to UI/UX design. A poor UI may compel your users to uninstall your app and move to a similar and better app.
Have a Competitive Edge in Your Niche
In the ever-changing digital landscape, it’s pretty tough to keep up with your competitors. A mobile app gives you a significant edge over your competitors.
Compared to conventional websites and digital platforms, mobile apps do a much better task when it comes to offering speedy communication and enhanced customer experience. Considering the number of ways a mobile app strategy can improve your business processes, its overall effect on your revenue generation will eventually become evident.
Build a Personalized Marketing Channel
Another area that can benefit a lot from a business mobile app development is the marketing department. The first and foremost advantage digital marketers enjoy when businesses opt for mobile apps is the direct access to user information.
The data collected from user sessions within the app can be very helpful in improving your marketing efforts and campaigns. Once your marketers get access to all the data they need, an app allows them to deliver more effective and personalized content to users as compared to other traditional marketing channels.
