A recent study conducted by digital experts AppAnnie predicts the app economy will be worth $6.3 trillion by 2021, up $1.3 trillion since last year and a staggering $5 trillion since 2014. Competition in the mobile industry is fierce, the Google Play and Apple App stores currently comprise of over 5 million apps combined, with new applications entering the market daily.
Due to the volume of new startups and app producers entering the market, even those dominating the market today may well be knocked out of pole position in the near future. Let's review some major mobile app development challenges and how to overcome them.
Planning to start your enterprise?
And when you aim it for the mobile app development industry the race is hard to win.
The emerging startup culture among the youth has made this competition tougher.
According to the latest tech updates, 80% of all minutes in mobile markets are spent on apps.
But the states also define that most of the mobile apps startups fail within the first 4 years.
The percentage of successful mobile apps is only 0.1, which is too low for any mobile app startups to sustain.