Every year, people all over the world download billions of different apps. In fact, by the year 2020, the number of apps downloaded is expected to reach more than 284 billion. This increase in downloads will help total app revenue to exceed $100 billion.
If you’re looking to diversify your investment portfolio, it’s in your best interest to start investing mobile apps. Whether you invest in app development companies or businesses that are leading the way with new apps, it’s definitely a smart strategy.
Read on to learn more about why you might want to invest in mobile apps. You’ll also learn about some of the best apps to invest in today.
Reasons to Invest in Mobile Apps
Mobile apps are more than just a passing small business trend. They’re a useful tool that allows businesses to reach more customers, boost engagement, and stay relevant.
Mobile is Here to Stay
There are lots of reasons to start investing in mobile apps, including the following:
Like it or not, mobile devices are here to stay.
These days, just about everyone you meet has a smartphone, as well as a tablet or other mobile device. Businesses that are working on app development are catering to this market and making sure they’re available everywhere.
If you’re not sure where to place your money, bet on the businesses that are using apps to help them stay relevant.
Better Services and Sales
Apps have totally changed the way companies do business. They allow businesses to offer a wider range of services and increase sales.
When you invest in businesses that are creating high-quality apps, you can trust that you’ll see a return on that investment in no time.
Access New Technology
From data capture to new ways of gamifying the customer experience, app development companies are all about exploring new frontiers and making use of new technology.
By investing in an innovative app company, you can get in on the ground floor of something great and see impressive returns.
The more engagement a business can get with its customers, the greater its sales will be and the better off it’ll be in general.
Apps are a great way to increase customer engagement and keep them coming back for more.
If you invest in a new app or company that is creating its own app, you’ll likely be able to profit off of their increased engagement.
Attract Younger Audiences
There’s no denying it. Apps are the way to young consumers’ hearts.
It’s worth it to invest in companies that are creating products like apps that the younger generations want to use.
Young people make up a huge portion of the market, and they can help you secure your financial future if you invest in apps and companies that appeal to them.
Increased Customer Loyalty
Just like customer engagement, customer loyalty is crucial for businesses that want to stay relevant and profitable long-term.
Apps do a great job of building customer loyalty and getting people excited about buying from a business again and again. Invest your money in businesses that prioritize customer loyalty and are taking steps to maintain that loyalty.
Best Mobile Apps to Invest in
Okay, you’re convinced that investing in mobile apps and companies that are developing in a good strategy. How do you choose which apps and businesses to invest in, though?
The following are some good options that are likely to see quite a bit of growth in the near future:
Video games have been favorites of kids and adults for decades, and gaming apps allow people to take their favorite games with them wherever they go.
Gaming apps have high levels of engagement, get used for extended periods of time, and have high return user rates. It’s no wonder gaming apps are the most popular options in the app store.
It might seem a little silly at first. However, it would definitely be wise to invest in companies that are developing fun and engaging mobile games.
Educational apps make learning fun for people of all ages. Lots of businesses are putting out apps to teach users about everything from learning a new language to coding and web development.
Like gaming apps, educational apps often have high engagement rates and return user rates. If you want to invest in a business or product that is making the world a better place, you definitely ought to consider investing in educational apps.
Why not invest in an app that’s all about investing? Investing apps are all the rage these days, and they’ve got a whole new generation of people interested in managing their money and building wealth.
If financial literacy is important to you and you want to work with businesses that are teaching people about making sound financial decisions (while turning a great profit at the same time), these are great apps to invest in.
Finally, you also might want to check out some of the companies that are putting out fitness apps.
Fitness apps help people get active and make exercise a priority no matter where they are. They bring the gym to the user and help them build healthy habits.
These kinds of apps are a great market to invest in, especially when combined with other markets like wearable fitness devices.
Invest in Mobile Apps Today
As you can see, there are lots of reasons why you ought to invest in mobile apps. Apps are the way of the future, and they’re just getting better and better as more people start investing in them.
Now that you know more about mobile app investing and which apps are best to invest in, it’s time to get started!