The world of mobile app development and mobile app technology is booming, period. Entrepreneurs from all over the world want to have a piece of this endearing technology so as to boost up their product and startups. Revenue stats reveal that the total revenue generation from the mobile apps is projected to grow from $45.37 billion to $76.52 billion in 2017. With such a fast paced growth, it’s natural for the organizations to have excitement towards the technology, but to understand the money making technique you just need to slow down the momentum a little bit.
Understanding the science and art of making money through a mobile app and especially through In-App purchases is the first and the most essential step in building successful revenue generating app company. Moreover, monetizing the In-App purchases often boils down to one single question- why do people buy things from the apps? The answer is simple: if the app is able to satisfy the emotional and psychological needs of the customers, the latter would gleefully accept the In-App purchases enabling the makers with breath-taking revenues.
Let’s be different this time and start with a fact!! Anticipation is there that by the end of 2016 about 4.8 billion individuals will use a mobile phone. Also reports showed that about 70% of the people using smartphones in the US will use Mobile Payment methods by the end of 2017. Interesting, isn’t it!!
These facts and statistics are just an indication of the stature of mobile payment methods in today’s technology obsessed world. Not only in the developed countries, mobile wallets are steadily creeping in the developing countries as well. With their emphatic technology and ease of usage, it could be placed far ahead in redefining the Economic infrastructure around the world.
Let us start with a feel good fact that, 2016 has been an immaculately amazing year for the mobile app development companies. Mobile app development has thrived amazingly in the current year and has given the organizations a plethora of options to expand their business and also find out better prospects and customers for the future. According to stats, the number of smartphone users around the globe is close 70% of the total population. The enigma of mobile phones is such that around 44% of the users sleep with their phone beside them so that they don’t miss any call, text messages or updates.
The users are beginning to understand the app’s benefits and including it rapidly in their daily life. Businesses nowadays are expanding more rapidly than ever before because of mobile apps. Organizations are now constantly craving for such app development services so as to promote their business in a more emphatic manner.
We are in the era of technology evolution that thrives for constant innovation with each passing day. The software and app development industry is marching ahead with high speed so it is necessary to keep a check on the quality and the productivity of the development.
As a fact, it is crystal clear that building a successful app requires a range of expertise and all round skills. And for this, the organization needs to groom their app developers to the core, so that, they can put in all their efforts to upscale the app productivity. Researchers have shown that, although the technology has made mobile app development strategy to reach a new level, people i.e. app developers still remain the fulcrum of it. IT organizations spend trillions of dollars every year for their innovative programs, but they are of no use if the app developers are not up to the mark with their work.
There is a famous saying that, “change is mandatory and more often than not, the change is for the good and betterment of the society.” And the newest version of iOS, i.e. iOS 10 is the perfect example for this.
Released in September with the new iPhone 7, iOS 10 is among the latest major update to Apple’s ever improving mobile platform, but this time it’s kind of special. iOS 10 has a truck-load of fresh functionality, new features, app updates, better battery life and reduction of data usage. In addition to this, from the technical point of view it has new framework, APIs and services that will improve the process of app functionality and will also include behavioral updates geared towards the developers.
Prismetric Technologies is one of the premier mobile app development companies for Android and iOS.