The Ever-Growing Industry of Mobile App Development

August 11, 2017 in Technology

The Ever-Growing Industry of Mobile App Development

Mobile apps have become an integral part of our lives today. An average mobile user in India would spend about 155 minutes on mobile apps every day. This makes India the third largest mobile app user in the world.

Mobile app market in India is growing at a rapid rate, without any end coming into sight. This has quite expectedly created a boom in the population of mobile app developers. With the number of mobile apps hitting new heights in the market, the revenue generated by the mobile app industry as a whole, has also skyrocketed.

Smart phone users in India have resorted to mobile apps for many of their day-to-day functions. They use apps to connect and communicate with their friends, read books, recharge their phones, pay up their bills, make fund transfers, book hotels and flight tickets, purchase products and many other purposes.

It has not been too long since the Indian government came up with its demonetization plan. This endeavor to reduce corruption, boost growth and shrink the black economy did cause a bit of inconvenience to the residents. They had to stand for hours in the lines at the ATMs; and there was no guarantee that they would get the money, although it was theirs. Nevertheless, the results were truly amazing…

219 million people opened bank accounts

14 million downloaded banking apps

The use of digital payment method surged up to 80 fold

 

The existence of many mobile app developers, a competitive mobile market and the billion connections are a few factors that have led to a mobile app revolution in India. With the consumer interest increasing, there has been a remarkable boost in mobile apps related to mobile wallets, banking, budget and groceries. The 3G and 4G mobile networks have enabled the 260 million odd smart phone users of India carry out their transactions in a hassle-free way.

With all elements falling into place, it won’t be too long for India to become the global leader of Digital revolution.

The telecom network is becoming more and more competitive by the day…

The costs of mobile handsets are going down…

There is Wi-Fi network available at many public spots including bus stands, railway stations, airports, cabs, restaurants and shopping malls…

Many Internet start-ups have emerged in India to cater to the ever-growing demand for digital services.

The Indian Government is coming up with response mobile apps to provide easy-to-access services. Not only do these apps help people in staying connected with the government, they also keep them updated with the latest and offer them an opportunity to participate in the government initiatives.

So, whether you want to ensure the cleanliness of the streets of your city or file an RTI, you can do so through the Government of India app.

Here is a list of a few popular mobile apps of India:

The apps are available in plenty for downloading on your mobile. Yet, the potential of the market still remains untapped.

While 88.5% people in America are connected to the internet, it is only 35% of the Indian population that enjoys the internet connection.

In spite of the untapped potential, the growth that is happening in the industry of mobile apps is something that is really worth taking notice of. Millions of apps are getting developed to cater to the needs of individuals, small businesses and the community at large.

Today, anyone in India can build his/her own mobile app and capitalize on the country’s ever-expanding mobile market.

So, are you ready to jump the bandwagon yet?