The mobile app development importance needs no explanation in the 21st century. Be it for personal use or business needs, the mobile apps have become a part and parcel to meet the digital needs. With growing competition and evolving customer needs, it has become essential for businesses to mobilize their business processes, operations, and workflow.
The growth in mobile app revenue during 2022-2027 at a CAGR of 8.58%, that’s expected to reach $755.50 billion by 2027 is impressive.
It indicates that mobile app development is a lucrative opportunity for start-ups to make money in 2023 and the years to come. However, the mobile app idea that serves as a base for launching a successful mobile application is rare to find. A little inspiration is required for coming up with innovative app ideas in sync with the latest trends that help start-ups earn a lot of money.
Recognizing the need for start-ups, we have enlisted the top 7 mobile app development ideas that turn your startup business into a million-dollar generating machine. Let’s dive in!
Top 7 app ideas for start-ups to make money in 2023 and beyond
The importance of mobile apps for businesses is endless and evolving, which gears up entrepreneurs to launch start-ups based on unique app ideas. Are you thinking of a novel app idea to kickstart your new business and stand ahead in the crowd? The list of app ideas can help you.
Parking space finder app
The growing vehicle ownerships and diminishing parking space in urban areas and metropolitan areas make car drivers take several rounds for finding parking spaces. When the parking spots are filled, it disappoints the drivers. The extended time to park the vehicle in the available parking slot is tiresome. All of these issues associated with vehicle parking are best addressed by the parking space finder application.
Parking finder apps are built using machine learning technology that provides parking-related data in real time so that users get to know if there’s parking space available or not. GPS technology helps users to seamlessly navigate to the parking slot. Also, users can book the parking slot now or later on using online payment. The ability to book parking slots even before leaving home for time-critical events such as meetings, interviews, matches, or concerts made parking space apps popular.
This is why parking space finder apps are expected to grow at a CAGR of 17.8% between 2021-2031 and are projected to create opportunities for players for investing in parking finder applications.
Grocery delivery app
Grocery delivery apps saw an amazing boost during the pandemic as consumers spent most of their time with their devices during quarantines. Instacart, Walmart, and other grocery apps have witnessed double downloads and a major increase in sales. The S-curve in the grocery delivery app market has become a new norm.
Technological advancements, growing competition, and changing customer expectations fueled mobile grocery shopping, that’s expected to account for 18-30% growth in European countries. The situation is nearly the same in the rest of the world. The new propositions complementing offline grocery shopping formats such as convenience-store visits, instant deliveries, and more enable retailers to stand out in the market. Adapting the new shift with the grocery delivery app idea help start-ups to earn galore.
Travel planner app
As people plan for travelling to new places, booking flights, accommodation, food and drinks, and a lot more preparation make travel planning- full of effort. All of these things are eliminated through travel planning apps that help users to plan their travel to their preferred places within budget and get them booked as well. The tours and travel industry hard hit by corona outbreak is now presuming to be pre-pandemic time with revenue continuously growing for the fourth year in a row.
Travel apps are expected to generate $1 billion in revenue in 2023 and grow to $2 billion by 2027. Booking, Expedia, Airbnb, and TripAdvisor are generating maximum revenue in the travel app market. The increasing downloads of travel planning apps and growing revenue make travel planner app ideas- a lucrative idea for start-ups to make bundles.
Wedding planner app
Wedding involves a lot to do from catering and decoration to music and photography. Arranging everything and organizing a wedding is not a work of an average Joe. That’s where wedding planners come to the rescue. However, hundreds of wedding planners available in the market make the selection difficult. Also, couples won’t like to communicate with wedding planners through phone calls.
The wedding planner app is a great idea for start-ups as the revenue from the wedding planner app market is expected to increase to multimillion dollars by 2031. It indicates wedding planning app provides a good opportunity to increase business awareness, increase leads through website, SMS, and social channels, and inform prospective customers about previous work and feedback from existing clients. Start-ups can also strengthen their position in the wedding planner app market with unique offerings.
Augmented reality app
By the end of 2024, there will be 1.7 million active AR user devices worldwide because of AR usage in various applications. It’s creating a range of opportunities for start-ups to make money. 70% of technology leaders stipulated that the AR market will surpass the VR market in revenue. Start-ups can leverage AR technology to innovate any industry app say an M-commerce app.
AR mobile experiences help businesses to deliver double engagement as opposed to non-AR equivalent. That’s why 1% of retailers such as Loreal, IKEA, Sephora, and others have started innovating retail experiences. As a start-up, you can also accelerate sales with reduced doubts in mobile shopping when an AR app idea is considered.
Music streaming app
The music streaming term emerged two decades back. Pandora and Spotify reshape the music streaming services by paying the amount to the record for every stream. Thereafter the value of music is changed. The music streaming service market is expected to grow to $30.99 billion by 2023 at a CAGR of 13.5%. The revenue from music streaming format is 83% in the USA is coming from more than a billion subscribers.
Start-ups can use such mobile app ideas as growing smartphone adoption is expected to drive the growth of music streaming services. Start earning money right away using a music streaming app idea.
Dating app
The dating industry is revolutionized by the mobile dating app development wherein the Tinder app was the first that has made dating simple. Later, more dating apps like- Bumble, Hinge, Badoo, and Happn are launched that have cherished more than 5 billion in revenue in 2023. The recent trend of virtual dating that’s spiked after the pandemic is giving a leg up to dating app development.
Start-ups can try their hands on the dating app idea with unique functionalities just the way Tinder and other dating apps did. It helps in seizing a competitive edge and gaining more paid subscribers which ultimately drives more revenue.
Conclusion
Let’s accept it: mobile app development is creating enormous opportunities for making money. What all start-ups need to jump on the mobile bandwagon is innovative App Ideas for Startups. Understanding how challenging it’s to find mobile app ideas and validate them before investing a lot of money, a list of unique app ideas is enlisted. Go through the app ideas and select the one after checking the app ideas’ financial feasibility and analyzing expected revenue in return.
From there, follow the step-by-step guide on how to choose a mobile app development company that can help with app idea validation to final development. Select one of the best App Ideas for your Startup and partner with one of the top mobile app development companies to make the app development investment pay you off.
