The year 2019 is coming to a close as getting nearer to 2020. The end of 2019 will be the end of a decade in which app development proliferated, and in which software technology reached greater heights.
But as years come by, the importance of apps is only going to increase even further people begin to use technologies such as IoT, chatbots, AI/ML software in their daily lives.
App development includes more than just mobile apps. It also includes development for applications for other types of devices, such as PC, tablets, wearables, etc. However, the growth of mobile apps alone gives great scope for running profitable businesses in this space.
As per research by iResearch, revenue from paid mobile app downloads and in-app advertising alone would reach up to $581 billion dollars in 2020, and reach almost near the trillion-dollar mark by 2023.