The search giant Statista quotes that in 2026, users are likely to download 143 billion mobile apps from the Google Play Store, and for the Apple Store, it is 38 billion. These figures show a remarkable growth between 15-30% from the previous years. Even further, during the third quarter of 2022, more than 3.55 million mobile apps were available on the Google Play Store.
Hence, it is not exaggerated to say businesses should have a foolproof mobile app business plan to find a permanent place on users’ mobile phones because the chances of user engagement and conversion are manifold.
At present, businesses are on the verge of getting completely automated, and any business that does not offer ease to its end users or customers to avail services or buy products are likely to get vanished. If you are an entrepreneur and aim to lead the market with your brand, it is indeed necessary to write specifications for mobile app development before you even think of outsourcing a project to top mobile app development companies.
Importance of Mobile Apps for Businesses
There are many significant reasons why mobile apps are mandatory for any business; today, mobile apps are not just a trend, but a necessity for businesses in the modern world. They help businesses increase their sales, customer loyalty, brand awareness, accessibility, analytics, revenue generation, and customer service. Mobile apps can also serve as a powerful marketing tool that can reach and engage the target audience with personalized and timely messages.
Here are some reasons why mobile apps are mandatory for businesses today:
- Improves accessibility
- Increases sales
- Marketing tool
- Customer loyalty
- Brand awareness
- Better analytics
- Better customer service
How To Write a Business Plan For a Mobile App?
- Executive summary
- Company synopsis
- Industry Analysis
- Marketing Strategy
- Operational strategy
- Financial Plan for Mobile Application
Summing up
The average time spent by mobile users on their smartphones is 170 minutes per day. Out of that, apps account for 89% of mobile media time versus around 13% on the web. This is just the data, reality is right in front of us, right in front of you on your screen at the very moment. So, if you have a mobile app business idea, don’t hesitate to make a wonderful plan and create a groundbreaking mobile app because it will grow significantly. Last but not least, plan for what is difficult while it is easy, and do what is great while it is small.
Originally published on : https://www.topdevelopers.co/blog/how-to-create-mobile-app-business-plan/
