These days, everyone carries a smartphone. Is there a more effective approach to reach their palms with your business? Learn about the hottest app ideas for making more money this year and in the years to come.
Our lifestyle has changed as a result of mobile gadgets. We are becoming more proficient and efficient at completing activities thanks to applications. They provide a plethora of services ranging from business, banking, communication, healthcare, and much more. This indicates that organizations may make a lot of money by entering the mobile app industry.
The year 2020 has been mould-breaking in the mobile app industry. Businesses used front-line technology like ML, AI, and many more during which time launching or servicing their mobile applications. This is a scrutinizingly picked list of 10 popular app accepted wisdom that might help your company increase revenue.
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In 2024, what kind of apps will be in high demand?
Research indicates that in 2024, mobile devices regarded for 54.8% of all website traffic. More exclusively, on-demand mobile applications are becoming more popular. Why? In other words, demand is rising. Users expect things right now when they want them. Mobile applications thus serve a populace that demands to always have all they need at their fingertips.
Let’s examine the kinds of apps that will likely be in great demand in 2024 and might become popular app concepts.
1. Apps for Social Media
You most likely have a social media app on your phone if you just have one app. Facebook dominated the social media industry in January 2021, with over 2.7 billion monthly active users. But we wouldn’t be doing our duty if we didn’t bring up TikTok, which saw an 85.3% rise in US users over the previous year.
We understand your thought process, but what about everyone else who uses computers to access social media? Studies show that 78% of social media users only use their phones to access these networks, accounting for 99% of users. Stated differently, there is a tight relationship between utilizing applications and social media.
2. Application for Food Delivery
Everybody has experienced the moments when they simply wanted to doordash instead of cooking or going to the grocery shop! The epidemic provided a boost to the steadily expanding meal delivery industry. MarketWatch reports that the combined sales of Doordash, GrubHub, UberEats, and Postmates was $5.5 billion.
Because food delivery apps make it simpler for people to get the meals they want, they are giving businesses a run for their money. Hungry clients are willing to pay more to have food delivered to their home, even if there are additional expenses and delivery fees. These kinds of apps aren’t going anywhere anytime soon. Most likely, they are here to stay, permanently.
3. Applications for Transportation
Before, there were just two outside transportation options: buses and taxis. Thanks to on-demand smartphone applications like Uber and Lyft, we now have more alternatives. With only a few smartphone taps, you may use the on-demand service to have your driver arrive at your location and take you there for a fair price.
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4. Apps for Healthcare
The field of mobile health, or mHealth, is expanding quickly. Users are increasingly using smartphone applications for data storage, home care, diagnostics, and childcare. Among the most often used categories of mobile health applications include those for mental health, pregnancy care, managing chronic illnesses, medical calculators, and educational and informative materials.
Medical personnel are among the users of the system, in addition to patients. Forty percent of physicians believe that mHealth applications might decrease in-office visits. 93% of physicians think that these applications can improve the health of their patients. Furthermore, 74% of hospitals say they are more productive when using mHealth applications to gather patient data.
5. Apps for Gaming
If you’ve spent hours on end being drawn into mindless gaming apps, you’re not alone. Games make up 43% of all smartphone users and almost a quarter of all downloaded applications (21% for Android and 25% for iOS). There will be more than a million gamers by 2020 if the population keeps growing.
10 Popular Apps That Will Increase Your Income in 2024
1. The fantasy application
Applications for fantasy sports let players play several kinds of games online. With these applications, users may construct imaginary or virtual teams made up of actual players for a particular sport. Based on the statistical results of every player who has taken part in live games, these virtual teams compete.
There are over 59.3 million fantasy sports customers in just the US and Canada. In 1988, there were barely 5,000 attendees at the event. Imagine how well-liked it is right now. Technavio Analysis study indicates that by the end of 2024, the market for fantasy sports is expected to reach $9.34 billion.
Several well-liked software for fantasy sports include:
Fantasy Football DraftKings SuperDraft
2. Draft Punk on Yahoo Fantasy Sports App for healthcare
Digital technologies are now feelingly ingrained in almost every facet of our remains. There are many mobile healthcare apps derivable on the market as a consequence of the advantageousness of developing healthcare mobile apps, which include the ability to monitor one’s health and ease the workload of medical professionals and physicians.
Several well-liked applications in healthcare include:
Chatspace Physician On Call
iFit GoodRx MyFitness Pal
3. An app for stock trading
Applications for stock trading enable time-pressed investors to monitor the performance of their portfolios. For this ease, they are happy to become paying users of the app. All things considered, there is a lot of opportunity for financial gain as well as notoriety in the field of stock trading app creation.
The trading sector is probably going to put more money into developing trading platforms in 2021 than it has in the past. By the beginning of 2021, the New York Stock Market will hold the title of biggest stock market globally, according to Statista. (NYSE). Its equities market value exceeds US$25 trillion.
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4. Keep Ecorns Use the Travel App
Traveling is one of the advantages of globalization. With more people having access to travel and borders opening, the popularity of travel applications has skyrocketed. Many different types of mobile app ideas might be included in the travel app category. Some will be helpful to both residents and visitors.
In 2016, the travel and tourism industry was valued at about $7.6 trillion, according to Statista. In 2017, the travel and tourism industry, including reservations, had a $1.6 trillion market value. Globally, the tourist sector is expanding at a steady pace almost yearly. It is projected that this business would employ 1.8 billion people by 2030.
Several widely used travel apps are:
Maps on Google TripAdvisor
Expedia
5. The Travelocity Wave Powered by Artificial Intelligence Chatbots
Chatbots help companies communicate with their clients. They react quicker than humans, never get tired or irritated, and are not impacted by bad weather or bad emotions. Machine learning-powered chatbots may learn to understand customer preferences almost as well as human advisors. This may enhance how well a consumer interacts with a brand.
By 2024, the chatbot industry is anticipated to reach a valuation of over $110 billion, according per Juniper Research.
Several widely used chatbot applications include:
PandoraBots, ManyChats, Chatbot BotUp
NumerousChat
6. App for on-demand delivery
With on-demand delivery applications, people may now get a variety of professional services and goods anytime, anywhere. You can get food, clothes, housekeepers, and dog walkers with just one click. Additionally, 9.5% of users are using on-demand delivery apps, and spending on these apps is rising across a Range of industries. Isn’t that motivating?
According to Statista.com, platform-to-consumer delivery revenue is now $70,741 million.
Several well-liked apps for on-demand delivery are:
Doordash UberEats
7. Zomato JustEat Postmates Apps for Cryptocurrency Trading
Blockchain apps are becoming more and more popular since they have so many ardent backers. The blockchain proceeding has created such a buzz that conventional syndicates are seeing an increase in income that they are altering their brand and business plan to benefit from on it.
It is projected that the total value of the cryptocurrency line of business would reach $23.3 billion by 2024. Estimates of the size of the bitcoin market indicate that in 2018, the blockchain market was only valued at $1.2 billion. By year’s end, the value had increased to $2.2 billion. It is expected to continue expanding quickly.
Several well-liked apps for bitcoin exchanges are:
WeBull eToro Coinbase Binance
8. Gemini Apps Powered by Blockchain
The use of blockchain has increased recently. The topic is no longer limited to cryptocurrency. The blockchain is the greatest invention since sliced bread for databases, smart contracts, and the financial industry. Applications built on blockchain technology may be your ticket to success if you work with banks, governments, or large corporations.
The value of the blockchain market worldwide will reach $1434.54 billion by 2030, growing at a compound annual growth rate of over 85.9%.
Several well-liked blockchain-based apps include:
9. IoT Apps TraceDonate BurstIQ KYC Donate ChainYard Voatz
The number of gadgets in our homes that are internet-connected grows yearly. The benefits are undeniable. Appliances that can connect to the Internet of Things
Enhance our standard of living (heat the house before we arrive)
help us save money by turning off everything that isn’t required while we are gone.
Maintain our safety and the safety of our belongings (notify us via smart security system if someone attempts to enter the home).
Statista projects that by 2025, there will be 75 billion IoT-enabled devices worldwide. Creative mobile app concepts for the Internet of Things will continue to grow in popularity in the coming years.
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Concluding
Our list of popular app ideas for 2024 that are expected to remain popular in the next years comes to an end here. Naturally, this is only an estimate and not a comprehensive list. To find out if any idea—present or not—will work, you’ll need to do market research and analysis.