Benefits generated by mobile apps need to be weighed against development costs. Read on to know how mobile app development platforms can lower such costs.
Did you know US adults used 21 apps per month, on an average, in 2016? These figures published by eMarketer indicate the growing use of mobile apps. Another report by Flurry states that app session activity increased by 6% in 2017 while stating that people spent more than five hours per day using new and old apps on their smartphones.

So, whether you are planning on offering a paid or subscription-based mobile app to make money or are part of a company that wants to boost its profits by launching a mobility strategy, the recent trends of smartphone and app usage bode well for you.

Trends in Money Making
Global revenues generated by mobile apps available in app stores are expected to cross $110 billion in 2018, according to projections released by App Annie. Added to this is the impact of higher sales and increased productivity on the bottom line of enterprises. This has also been on the rise.

However, when measuring the profitability impact of a mobility strategy, it’s important to consider the cost of development. Most companies opt for custom development, incurring huge costs and waiting for months to launch the solution. Companies need to explore options like mobile app development platforms, which can significantly lower costs and get the app ready within weeks.

By doing so, MADP platforms offer businesses much higher ROI from app development. Mobile app development platforms provide companies access to several workflow specific modules that can be chosen based on existing processes and the goals of app deployment. MADP platforms also ensure a bug-free experience.

Other trends that are currently taking shape are related to the Internet of Things (IoT), Augmented Reality (AR), Virtual Reality (VR) and apps for wearables. Mobile application development platforms would continue to boost ROI even with these latest developments.

Author's Bio: 

Hi, I am Karl working as a dedicated Mobile app developer. I love the Mobile application development platform where I am able to build the mobile apps even faster rate than normal. I consider the hokuapps is the best platform to build using MADP tech.