Partnerships are a great way to grow businesses and take ideas to the next level across all modern industries. Today, startups have become a popular way to kickstart new product launches and business ventures. In fact, studies show that 137,000 new startups are launched every day. Unfortunately, 90% of these initiatives fail within their first five years. It is for these reasons that more startup founders are beginning to seek out app development partners. Compared to startups without mobile apps, startups with an app partnership are valued 825% higher.
App development is a proven differentiator for startups and scale-ups, ensuring an improved user experience and cost-effective growth. Data shows that every dollar spent on user experience leads to 9,900% ROI, and nearly 75% of organizations see positive ROI from their mobile apps. Especially in the manufacturing, telecom, and retail industries, apps help to validate business ideas and provide additional sources of revenue. Between in-app spending and revenue per download, the possibilities are endless for start-ups trying to make it out of their initial five years.
Between viable app ideas and innovative product and startup launches, these partnerships have the power to break into several modern industries and make a real difference in the market.
Source: Tapptitude
