This huge growth rate will predictability double the total volume of the mobile app industry within the next four to five years. According to the latest studies, the mobile app development industry is expected to record a gigantic growth of over 18% CAGR between 20.

There are more than 2.7 billion smartphone users in the world. The latest research conducted by the Allied Market Research predicts the total size of mobile app market to reach $311.25 billion by 2023 from $108.4 billion in 2016 with the phenomenal growth of over 19.2% CAGR. The total spending on only gaming apps is expected to cross the $105.2 billion mark by 2021. There are some other stores and private stores that have also a sizeable number of mobile apps. Mobile App MarketplaceĪccording to the Statista information, the total number of mobile apps on five major app stores is about 5.2 million apps ready for download in the first quarter of 2019. If interested in getting more information on app development and contemporary trends, you can find here. Since last many years, every software company is striving hard to hire developers with the most suitable skill sets.Īnd many companies choose the different types of human resource outsourcing model for the development due to a higher cost to create an app. How much does it cost to put an app on the app store is one of the top trending questions in the software development domain. The major mobile app stores like Google Play and Apple Store were started in 2008, and now they store millions of mobile apps there.

Software application building is one of the fastest growing fields for over one decade now.

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