5 Mobile App Statistics That Will Define Digital Transformation in 2021
5 Mobile App Statistics That Will Define Digital Transformation in 2021
5 Mobile App Statistics That Will Define Digital Transformation in 2021
The last few years have witnessed digital transformation up until the point that it has become mainstream in 2021. And we have eye-striking mobile application statistics that suggest further growth of mobile applications.
As a result of this, top mobile app development companies like us, Sapizon Technologies, are being chosen every day by several businesses. Our team of brilliant developers creates thrilling mobile apps those help our clients boost their productivity.
But why do businesses depend so much on mobile applications these days? We have compiled a list of 5 elaborated statistics that explain the impact of mobile apps in today’s business world and why every business organization is seeking top mobile app developers.
Here are the statistics:
Average Time Spent on Mobile Apps:
According to multiple surveys that were conducted randomly, it has been found that an average mobile device user spends 4 hours on mobile apps. That is more than 50% of the time they have to spare after work and sleep.
A surprising stat is that mobile time in apps is more than surpassed the time spent watching a TV. Thus, we could not establish it any better than mobile apps occupy the minds of people and not merely their time. This is why they are the perfect medium for businesses to reach customers through.
Not only does this help established businesses, but it also helps startups in a major way. Any advertisement through another mobile app or platform is hugely helpful to budding entrepreneurs.
Increased Time Spent in Finance Apps:
In 2021, several banks and fintech companies are ready to get into the digital wave as mobile apps have impacted the way people spend and save their money. A notable stat here is that mobile apps are expected to drive 45% more engagement in finance in the year 2021.
Be it money wallet apps, loan apps, investing in peer-to-peer lending, or other financial activities, they were largely performed on mobile apps. Participation in the share market witnessed a growth of more than 55% on mobile.
This is understood to be a crucial insight for banks and financial institutions. They need to understand the shifting dynamics and move from legacy models to digital transformation to smartly engage with mobile-savvy young customers.
Mobile app developers must analyze and figure out what makes users prefer mobile apps and leverage that knowledge to develop better, faster, and increasingly secure solutions.
Mobile Internet Time Spent on Mobile Apps:
Another major statistic that can amaze you is internet time. More than 90% of the mobile internet users consume is spent in apps. This means almost all the time customers use the internet is for a mobile application. This brightens up the prospects for businesses to engage customers.
This particular mobile app statistic tells you the potential of mobile apps and also shows you the kind of marketing you need to carry out for your app in other apps.
Start-Ups with Mobile Apps Attract More Funding:
Although mobile apps are enjoying unparalleled popularity since the debut of the app store, many business analysts have predicted 2021 to become a defining year in digital transformation.
Mobile apps have become the only way users can get things done with a few swipes from any location. And even though there are thousands of mobile apps already available on app stores, the demand for innovations does not fade away.
And if we look at it, there is more than just one mobile app for every sector these days. Be it shopping, delivery, retail, education, live sports, online streaming, etc. The competition is vigorous and continues to be.
Leading mobile app developers are of the view that more than 80% of business startups that have a mobile app from the beginning of their ventures find investors seamlessly.
This sends across a clear message that if your business is integrated with mobile apps, investors will always be interested.
Growth of Advertisement Through Mobile Apps:
The growth of mobile apps is such that it is all set to eclipse $300 billion in 2021. Mobile apps are a reason for the advertising industry to shine in 2021. Because of the extensive application use on Android, mobile is undoubtedly the most engaging channel that is higher than TV and print media.
Mobile is the place where businesses like to promote their products and services. Having an app in this domain opens up opportunities for promising ad placements like never before and it increases the ROI significantly.
Wrapping Up:
Mobile applications have been positive benefactors for more than 70% of global businesses. Therefore, it is advised to develop an app for your business if you have not done it yet. In case you are looking for mobile developers, we are an ideal choice.
As one of the leading mobile app development companies going around, we have helped several clients build their businesses and establish an elevated position in their respective domains.
We implement industry-standard development practices and deliver results to our clients. Along with data privacy and operational transparency, we render flexibility under a result-driven approach.