The global mobile app revenue is predicted to reach about $188.9 billion by the end of the year which is a 200% rise from the stats gathered back in the year 2016. Mobile applications are the best way for business owners to make improvements and foster growth. Being a perfect platform to transform your next big idea into a rock-solid successful plan. The mobile app industry is vast, offering excellent opportunities to level up any business.  

Though there are still some doubts and queries, the most common one is how to build a mobile application that makes money? Well, there’s heaps of what your mobile app can make and you might not be aware of! In case you already have an app or you would like to work from scratch as the existing one isn’t performing well, it’s never late to develop a mobile application. So, what kind of applications you need to invest in for generating great revenue? Here are a few options to consider-  

Things to consider before Creating a Mobile App

• Gaming Applications  

Games never go out of trend as it’s the choice for children and youth and yes, sometimes middle-aged people too! Gaming applications dominate the entire mobile app industry and mark a niche in the list of leading applications. As per the reports collected as of April 2018, Epic Games Fortnite earned about $1.9 million every day. A popular game candy crush saga secured the second position in the list of enormous revenue generation bagging $1.3 million, while another leading name Pokemon Go had around $800 million in 2018 as their revenue. Invest in gaming apps of course with an innovative gaming idea and have your revenue boosted.  

• Dating Applications  

Online dating apps are a choice for youth and it does appeal more users when having outstanding layouts, interesting features, and options to chat as well. Talking about the earning capabilities, these applications top the list. Everyone would surely have heard about Tinder and Bumble kind of applications which provide online dating option, these apps have a large variety of features and which can be freely accessed, the advanced ones include in-app purchases too. Consider online dating applications the right choice if you wish to have a larger profit margin.  

• Applications for Smart Devices  

As of date, applications aren’t just meant to be installed on mobiles, they are equally compatible with smart TVs, digital watches, smart speakers, and smart home devices offering a larger scope for app utilization. Confused if smart apps are in trend or not? Here are some stats to prove it-  

• Smart TVs are a part of more than 70 million homes in the USA  
• Smart speakers, Google, Alexa have dominated the market and projected to make a rise up to 125.65 million by the end of the year.  
• Smartwatches are predicted to take over about 51% of the shares of wearable devices.  

In case you already have an app, you can simply integrate smart features to get connected with smart devices and that can surely give your profits a huge boost!  

Well here is the AI-based App Cost Calculator tool thatcan help to find the Mobile App Development Cost in a few clicks.

Which Platforms to choose for developing a Mobile App?  

Finalizing the kind of app you need to choose is a different thing but knowing the right platform is imperative in every aspect as it can greatly affect your earning potential. The two leading platforms are Android and iOS. Android is dominating the market with a large share of applications, while iOS emphasizes quality applications but has a lesser share in the market. Choose what suits you better and go for the best.  

What’s the next big thing for App Development?  

With numerous opportunities budding around in the app market, there a substantial growth since its conception and shows no signs of slowing down. The worldwide app revenue has already reached $19.5 billion during the first quarter of the year through heaps of opportunities to be opening up in the markets of China, Brazil, and India. As a summarized version, video game applications could be a million-dollar idea as it’s the choice of most. These applications can help you mint more money and have you the best revenue-boosting opportunities.  

Summing Up  

Mobile applications are the right business strategy for every business. There are plenty of options for the kinds of applications best suited for your business, for better assistance find the leading mobile app development company in San Jose to get started with elevating your profit margins. In case you wish to check on the budget for making an app, try an app cost calculator for accurate pricing.