Ever since the inception of smartphones, Give Sun Light, we have witnessed the growing importance of the mobile app ecosystem. We are very close to having around 2 million apps on different platforms. This shows how the mobile app economy is slowly converting into center stage for premium content sharing. Business owners and app development companies used free or “freemium” and paid or “premium” apps. Premium or paid apps generate revenue by charging users for every download. But on the other hand, free apps also generate a fair amount of income through in-app purchases and ads.
According to an estimate, mobile ad spending would flare up to USD 37 billion in 2016 from USD 8.4 billion in 2012. The number of free apps enterprises use would also see a substantial rise as entrepreneurs would make every attempt to churn out maximum revenue from one of the most competitive markets. Over the years, the ever-growing competition has made it tougher to generate revenue from this market, and the situation is further tough for paid or premium apps. However, entrepreneurs and business owners are optimistic that mobile channels will grow unpredictably and increase their chances of earning better ROI.
There is no doubt that the use of enterprise mobile apps is mounting ad infinitum but has not reached its penultimate stage. I feel this is because most enterprise mobile apps still lack relevant content, and entrepreneurs are failing to capitalize on the basic requirements of their targeted users. Mobile analytic companies are striving hard to overcome this problem by analyzing and measuring the challenges faced by enterprises and enterprise app development companies to reach over to use their communities. However, most of these mobile analytics firms are tracking-based, which does not allow them to give the full picture regarding the amount of penetration an enterprise mobile app has.
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The main idea behind the entire mobile app economy should be to rise above the principle of “traffic” and emphasize the content of enterprise apps. Entrepreneurs should further see how it is affecting the end-users. Thus, in this way, the ideal way would be to apply application affinity and look to democratize that information to render better and enhanced services every time.
In this regard, Apple can be taken as an example, as it understood this situation earlier than others could understand and provided efficient tools to the developers without any delay. These included tools like UDID, which ad identifiers have now replaced to make marketing strategy even more robust and improve marketing purposes. This strategy worked for this company and provided additional benefits to its mobile operating system, iOS. According to reports, this company has already paid more than USD 7 billion as revenue to entrepreneurs and app developers with apps in the Apple app store.
This revenue is estimated to boost further as the enthusiasm for the freemium version of the app catches fever among enterprises and app developers. Experts say that in this situation, engagement between the targeted users and business owners would be crucial for entrepreneurs to create better products every time. As entrepreneurs start to encompass and fulfill the prerequisites of the targeted audiences, they will begin making a more feasible mobile app ecosystem that earns better revenues. One of the leading single and cross-platform iPhone app development companies is best known for its high innovation solutions and affordable mobile app development cost.