The game changing impact of Covid-19 on the mobile app marketby App My Site DIY App Builder
The year 2020 began with a peculiar thunder. The celebrations were hardly over when the pandemic enveloped multiple countries across the globe.
Ever since then, things have turned topsy-turvy and all businesses are making efforts to cope up with the changes. The impact is definitely huge and has affected the mobile app market equally.
It is easy to enter the market with a WooCommerce android and iOS mobile app builder. However, you must be aware of the current scenario of the market in order to make a successful leap.
So, let us study and learn more about the game changing impact of Covid-19 on the mobile app industry.
Industries that suffered a set back
Many app-based industries that were surging on success, have suffered a major setback. People started buying only essentials and this led to huge losses on many fronts.
The app industries that were compelled to take a step back are:
#1- Travel & Tourism:
Many people around the world were either in quarantine or too afraid to step out. Eventually, the travel and tourism apps lost significance and their income decreased.
#2- Cab Rental:
Let alone going on vacations, people are even afraid to travel outdoors to local destinations. This affected the business of cab rental apps like Ola, Uber, etc.
#3- Event Management:
Many countries imposed complete ban on public events, concerts, etc., while others levied restrictions. In fact, the event management industry is going to suffer for a long time.
#4- Food Delivery:
Although this industry did not get subsided completely, the popularity and rate of profit declined. People started preferring home made food and the decreased consumption led to losses.
Industries that took a forward leap
While many businesses were struggling to make ends meet, there were some industries that emerged as life-savers.
Their demand increased immensely as people were home-bound and relied on these apps for their daily needs.
The industries that continue to make profits are:
As people have ample time in their hands, the online content consumption has increased. More bloggers are turning their websites into apps and the information industry is expanding. For instance, food and health blogs have turned more popular.
The increase in content consumption also led to a spike in the entertainment industry. People are downloading and using gaming, entertainment, music, OTT, and other leisure, video and audio streaming apps more than ever.
#3- Home Delivery:
The mCommerce industry has been the most in demand during these times. Grocery apps, apps that deliver essentials, and other such services have become more popular. In fact, many other industries also resorted to the home-delivery business due to the increase in demand.
Schools and colleges are still closed, and education has been affected widely across the globe. As a result, the demand for education apps and communication apps has risen exponentially.
#5- Work from Home:
Just like educational institutions, the workspaces and offices are also functioning online. Hence, the apps that facilitate work from home are highly in demand.
Place safer bets with more info!
If you are looking forward to making an investment in the app market, this is the best time. However, you should be well informed and take your decisions after ample research.
You can take help from AppMySite mobile app builder. It enables you to build high-performing native apps for Android and iOS while the blogs keep you updated.
You can follow the blogs here and gather more information about the app building and marketing industry. Enter the market with thorough information and get guaranteed success.
Created on Jul 2nd 2020 05:08. Viewed 126 times.