Around the world, hundreds of thousands of startups are launched everyday, making the landscape for new businesses more competitive than ever. Entrepreneurs everywhere are looking for a way to get a leg up, and many are turning to apps to take that next step. Studies have shown that startups with a mobile app are valued at 825% higher than those without apps, making app developers highly sought after in the startup world. From health, to food, to transportation, media, and even wellness, startups and scale-ups in several sectors rely on apps to supplement their success.
Without apps, 90% of startups fail within the first five years of their launch. For small businesses, mobile apps can help to lower this number by ensuring a better user experience and increasing ROI. Having an app for different services can also facilitate cost effective growth and prove the viability of an idea to potential investors. Mobile apps can even provide an additional source of revenue for businesses, as in-app spending is projected to grow by nearly 275% between 2021 and 2030.
With the help of prevalent mobile app development partners, businesses can now expand their startup and tap into the mobile app market to ensure a successful and viable future.
Source: Tapptitude