Currently, there are 5,708 startups launched every hour in the United States, making the market for small businesses of this nature more competitive than ever. Because of this, more and more startup founders are looking for app development partners to take their ideas to the next level. Studies have shown that startups with a mobile app are valued 825% higher than those without it, diversifying the reach of an idea and getting it in the hands of more consumers.
Across all industries, venture capital funding is more prevalent than ever. Especially in leading categories like health tech, transportation, food, media, and wellness, there are so many opportunities for growth and market penetration. Let’s learn more about finding the right mobile app development partner for your specific startup in the article below.
Startups and Their Success
For startups, scale-ups and small businesses alike, mobile app development can be a key differentiator for those hoping to survive the most crucial first five years. First, having a mobile app can ensure a better user experience with the product or service due to their inherent simplicity and accessibility. Additionally, research backs that every dollar that small businesses spend on user experience leads to a 9,900% ROI with the potential to facilitate cost effective growth.
In fact, nearly 75% of organizations see positive ROI from their mobile apps, especially manufacturing and telecom companies. Another benefit of mobile app integration is that it can validate business ideas with investors. Having this extra channel increases scalability, demonstrates a market fit and consumer interest, and proves that there is a viable long-term vision and projected profitability. Finally, mobile apps can provide an additional source of revenue, especially as app purchases and in-app spending continue to increase.
Finding the right mobile app development partner is essential for startups and scale-ups to develop mobile apps. In fact, there are already many small businesses that have blossomed under their mobile app inclusionary business model across several industries. For example, apps like Glorify, Imobiliare, and Tenor are all garnering millions of downloads and active monthly users, increasing the reach of their product or service and expanding their consumer base.
Additionally, these businesses have been acquired by names as big as Google, or have received millions in funding due to their ability to prove the viability of their idea. Tenor has even seen seamless integration into several popular social media apps, making it a true staple in the everyday communication of people around the world.
Conclusion
As we continue to move further into a digital age, it is important to reach consumers where they are: at their fingertips. With mobile app integration, it has never been easier to take business ideas to new heights and to reach new audiences.
Source: Tapptitude
