Why Mobile Apps Are So Important To The Economy

As the economy rebounds it leaves many people analyzing what aspects of our culture — more so, consumerism — are most important to a more stable financial system in our country. More specifically, People are wondering how to prevent another recession from occurring in the future. In terms of the mobile app industry, many experts believe that it will contribute greatly to the economy in the future. Most notably, this is because there has been a shift in the last several years creating substantial revenue and profits in the industry as mobile device users flock toward apps for a vast number of reasons.  If you, yourself, are wondering what role the mobile app industry will play in the future of our economy, here are some speculations as to what that will look like.

 

There Is Revenue, But Is It Stable?

 

There is no question that the mobile app industry is producing revenue and is profitable, however this does not mean every mobile enterprise experiences such prosperity. What's more, there is a question about how stable the profitability is within the mobile app industry. In other words, there are a slew of mobile enterprises that are currently, and will likely continue to experience profits in the near future, however there is no guarantee in the long run that such will the case.

 

Similar to how the housing market experienced such affluence, and then crashed just as the recession hit, some people within the mobile app industry, as well as economists and tech experts, feel that there is a possibility of a similar outcome in the future. And while there is always such a possibility, the likelihood of that happening is significantly less than the unstable nature of the housing market in the past. The app industry is simply more stable and less dependent on high priced goods. Specifically, the average mobile app costs a mere couple dollars, while most houses cost a couple hundred thousand dollars, which creates more potential for volatility.

 

Less Volatility

 

Because technology will likely continue to develop and become a larger staple in our society and economy, the use of apps will likely continue to grow and potentially stabilized. In addition, the mobile app industry is still in a fairly infantile stage, at least compared to most industries, therefore it has more potential to grow and become a stable part of our economy. Regardless of how volatile an application on a mobile device may seem, there are many examples of other industries similar to mobile apps that have experienced success and become a substantial part of the economy. Whether it is console video games, or online advertising, many tech industries serve a significant and less volatile purpose within the economy.

 

Conclusion

 

It goes without saying that mobile apps are important to our economy. They create jobs and revenue for enterprises that play even larger roles in the financial stability of our country. Regardless of whether mobile apps are essential or not, it is definitely hard to argue that our economy would not feel a void without the creation and use of mobile apps. Mobile apps are so important to our economy because, well, a lot of people buy them. In terms of things that people spend money on, and that create jobs, mobile apps, among other tech industries, are becoming more and more integral to our society.

 

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Cambria","serif"; mso-ascii-font-family:Cambria; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Cambria; mso-hansi-theme-font:minor-latin;}