To win this highly demanding industry, every mobile app development outsourcing company makes efforts and stays updated with industry trends. But finding the right directions and information that takes an experienced android app development team to newer heights is not easy.
Recently, ContractIQ has taken interviews with more than 500 mobile app development Outsourcing firms and prepared a report that shows current mobile industry trends. ContractIQ talked to 11% of mobile development agencies, 31% of mobile design and development agencies, and 58% of product engineers and came to the result that:
ContractIQ has divided the mobile industry into four major business categories that provide business to the mobile app development industry. Here are the primary source of business in the app development industry:
Startups have proven to be a significant source of mobile app business with 37% of the approximate ratio. New aspirants believe that startups are a good source of economy and an ultimate way to start a career. In this non-hiring industry, it is better to convert your ideas and skills into your own business instead of looking for an employer.
The hobbyists Business category has a minimum ratio of 10 % only.
Enterprise mobile app development business holds only 23% of the total industry share. Outsourcing Mobile app development is the most challenging field among all kinds of development. Because it needs superior experts to build, manage and integrate the apps.
The study shows that small mobile app development industries are not behind in the race. This segment contains 30% of the market ratio, which is a digit.
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From the above four points, it is clear that around 47% of business is based on only startups. The top 4 mobile app development players Oracle, IBM, SAP, SalesForce, hold approximately equal market shares of 19%, 19%, 20%, and 22%, respectively.
It has been observed that outsourcing mobile app development work within a range of realistic budgets is difficult. However, it has become simple and easy with the help of ContractIQ price benchmark reports. Moreover, which tells about major mobile app development markets and their pricing. From this report, companies can decide which outsourcing country would be in their budget.
The charges of mobile app development outsourcing vary with countries. Compared to the other significant countries, Canada and the USA are charging very high ($250 and $225 per hour) for the iOS and Android app development, whereas Indonesia is setting the lowest price ($20 and $18). The report says the price hike will continue to rise in forthcoming years for all platforms. The whole price hike has been seen in Android and iOS with 58% and 52%, respectively. This is because they both are the most demanding mobile development platforms.
With the rising trends of building native and cross-platform apps, mobile development companies are increasingly trying to have their SDKs.
According to the ContractIQ survey of customers, it is revealed that most of the customers are unaware of SDKs and APIs in mobile application development. Also, very few customers know how to monetize their apps. So, outsourcing mobile app development companies still need to create awareness among the customers about SDKs & APIs.
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Nowadays, a smartphone is not just a device for entertainment. It is an application that can help create strong brand awareness and play a vital role in the business. Most companies think that outsourcing the development of mobile apps is the better option instead of hiring developers. But they need to understand that outsourcing depends on many factors like business goals, budget, etc. One wrong decision can bring a detrimental effect on a business. In Conclusion, this report by ContractIQ will undoubtedly help companies outsource mobile app development in 2015 effectively.
My name is Hemendra Singh. I am a Director and Co-founder of The NineHertz, IT Consulting Company. I am having a keen interest in the latest trends and technologies that are emerging in different domains. Being an entrepreneur in the field of the IT sector, it becomes my responsibility to aid my audience with the knowledge of the latest trends in the market.
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