As per statistics and observations of professionals in the industry, the number of active smartphone users around the globe will be more than 3.8 billion people in 2021 and beyond. These facts are the reason that proves the robustness of the mobile app development industry and how it is worth investing in the industry through different business and technological ventures. Professionals from app development Toronto industry have the following facts to share as well:
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Mobile apps are forecasted to bring in a revenue of more than USD$ 935 billion by 2023.
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Around 2.87 million mobile apps are on Google Play Store for users to download and use.
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An app is opened more than 50 times a day by approximately 22% of millennials.
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An average mobile phone owner/user uses almost 30 apps per month and ten apps daily.
The mobile app development industry continues to thrive, driven by increasing smartphone usage, high demand for apps across sectors, and continuous innovation in technology. With over 3 million apps on Google Play and 2 million on the App Store, this industry's reach is undeniable. Additionally, global app revenue exceeded $400 billion recently, proving its economic impact. These facts demonstrate the industry's robustness and future potential. Read more about what makes this digital field unstoppable.