The startup landscape is currently more competitive than ever, with over 135,000 new startup launches globally every day. However, 90% of these startups fail within 5 years. It is because of this that more and more startup founders are looking for app development partners. Studies have shown that startups with a mobile app are valued 825% higher than those without mobile apps, proving to be a key differentiator for startups early in development.
Apps ensure a better user experience, lead to a greater return on investment (ROI), promote cost-effective growth, validate business ideas in the eyes of investors and can even provide an additional source of revenue. Experts say that by 2027, app purchases will reach $186 billion, and in-app spending will grow by nearly 300%. There are a number of app development partners that are making it easy for startups and scale-ups to have a mobile app development partner for their business. Apps like Imobiliare and Tenor are already reaping the benefits of app partnership, garnering millions of downloads and active users per month. Across all industries, companies like these are finding success through the use of their apps. This traffic promotes new services and helps startups to gain the traction they need to succeed in an increasingly competitive market.
Source: Tapptitude
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