The mobile app & game development industry is already huge as we know it. With $120 billion worth of customer spending and a record-breaking $204 billion downloads in the year 2019. Apps aren’t just a way to pass idle hours they’re big business opportunities now. And similarly, the mobile games that constitute 60% of the revenue of the global video game market. With around $49 billion worth of revenue generation, the mobile gaming market is expected to reach $56.6 billion by 2024. But in the current times of this Covid-19 pandemic, a lot of things are happening simultaneously that are affecting the dynamics of our daily life.
Coronavirus has inflicted a great deal of impact on all aspects of our personal as well as our professional life. There can be observed a huge change in the dynamics of many businesses and industries. One such industry is the game and app development industry that is largely affected. And in this article, We are highlighting the major ways the “mobile app & game app industries” is affected by Covid-19.
The industries getting profits:
During the time of this pandemic, remote work is considered for primary working. Most professionals are working from home which has increased the demand for these remote working apps. Apps like Zoom, VooV Meeting, Google meet, etc are some of the prominent remote work apps.
In the hardships of this pandemic, on-demand delivery apps have proven to be a convenience for the people. Making it easy to reach out to the basic requirements like grocery and food delivery. Even in this lockdown people are able to order the necessities.
The game app category has always been the most popular category in the app store. It has been from a decade on the top charts. Well, games are a way to add to the amusements of users and also great for killing boredom. With people staying in homes naturally, the demand for games is increasing in coronavirus pandemic.
The e-learning industry has experienced a sudden upsurge during this lockdown. More and more people are working and pursuing their studies & courses from home only with apps like Google Classroom. a lot of other apps like Udemy and Coursera which provide online courses & classes have observed an increase. As per the reports, app downloads in the eLearning category increased by 1,087 percent during coronavirus pandemic.
The coronavirus pandemic has made people more health-conscious as compared to before COVID. The healthcare industry is largely benefited as the demand and usage of health and fitness apps have increased multiple times.
Due to this pandemic, people are advised to stay in their house. They are spending their time watching their favorite movies, web shows, and dramas to entertain themselves. The usage of video streaming apps like Netflix has registered a boost. Entertainment apps like Netflix and TikTok apps are among the most downloaded apps in March 2020.
The industries adversely affected:
The manufacturing sector is one of the sectors that is affected the most due to this coronavirus pandemic. Many manufacturing plants are shut down or temporarily closed.
The travel industry has also suffered a decline in the users, As people are staying at home due to lockdown and they are not using commutation services like before. The usage of commutation apps has declined to a great extend.
The Real estate sector is also impacted amidst the coronavirus lockdown. At the time where people are concerned about there health and basic needs, The real estate industry has suffered a little.
The tourism businesses are also at a great loss as people are staying inside there houses and definitely not going on trips. That is resulting in declined usage of tourism apps.
Above we discussed the different industries and how they are affected because of Coronavirus. Apps associated with some of these industries have suffered a decline in their usage while others recorded an outstanding upsurge. The app downloads and usage are rising or declining due to one and only reason and that is the demand and requirements of the users. In the times of coronavirus pandemic, people are focusing on and demanding the things of necessities and facilities or pleasures helpful for them to pass this time with minimum causalities.
Now as per business opportunities in the current times it is highly advised to invest in remote working app development as many companies are looking for reliable remote working solutions. Similarly, the e-learning apps are in demand so the idea of an e-learning app development is profitable for your entrepreneurial venture. People are more health-conscious in the current times and that has lead to an increase in the demand for health and fitness apps. It is a perfect time to create a health app for your business growth. And the gaming industry is beaming as always, people are also spending most of their time on mobile games even more than before. So, if you have any ideas for game development or app development relevant as per the current scenario of the industries we mentioned above, discuss the idea with the best game and app development company. Enter the market and reap the revenue generation opportunities.