The Social Media App Industry is Booming – Facts and Figures

By on May 22, 2018

Social Media is huge!

Apps have boosted more energy to the social platforms 나라문장 다운로드.

If you are an entrepreneur, a reformer or an average person busy with your routine, you spend around 6 hours per day on mobile internet 위닝일레븐 2019. That’s a lot of time.

Apps on the App Stores

More than 3.5 million apps are listed in the Google’s Play Store today, whereas 2.8 millions apps are confirmed in the Apple’s app store by the end of year 2017 웅장한 배경음악. Hundreds out of them are social media apps; some are doing really great with connecting people. Whatsapp, Facebook, and Instagram are some examples 후와린. However, these numbers are growing all the time.

Reports suggest that by the beginning of 2018, more than 81% of US Americans will have a social media profile 아날로그 웨딩. This is 5% higher than that of the previous year. Talking about the world figures, 1.96 billion people in the world are social media users and they are expected to grow by 2.5 million by the end of 2018 카운트다운 영상.

Globally, people aged 16 to 64 years have at least one social media account, but most have several accounts 알카트라스 탈출. The average social media user is reportedly holding 5 social accounts of different social media websites.

Hence, people are virtually becoming social 미스리메신저. Indeed, the scope of social media platforms is growing.

Social Media Apps for Various Reasons

Every day, new apps are developing under different mobile application development platforms 대난투. Every day, the majority of social media apps are connecting with an increased number of users. Activities such as making friends, connecting with relatives, finding a soul-mate and building professional contacts are significantly increasing Download Saitul 2.

As estimated, the number of worldwide social media app users will reach approximately 3.02 billion monthly active users by 2018. This is one-third the total of the world’s population. Approximately, 750 million of these users are expected to be from China by year 2021 and around a third of a billion from India.

Social Media Apps & E-Commerce

Instant message features have become a trend today, especially to provide e-commerce and client support. Offering peer-to-peer or person-to-person payments through social mobile apps has brought about an extra level of convenience.

1991 was a startup year for the e-commerce industry. Since then, online stores were launched and initially accepted payments through EFT i.e. Electronic Fund Transfer and Credit Card Transactions.

A massive database of social media users is far bigger than a bank. Thus, it makes perfect sense to blend online payments with social media platforms. Even with a great crowd on social sites, the flow of customized information to each user is easily categorized as well as streamlined using advanced social media algorithms.

Mobiles as New E-wallets

Payment methods have changed from exchanging cash to swiping cards by July 2008, when Apple opened its App Store to third-party developers. In fact, Android, Apple and other business giants are constantly building their quality devices to support better dedicated payment gateways.

No matter what level the world economy grows, social media trends will continue to rise. Let’s see what more it brings!

Summary:

Social Media apps and platforms are growing with a rapid pace and they are continue to provide options for other fields to grow as well. Mobile e-wallets and the e-commerce industry are the best examples of it. We can expect to see more in the future.

About Parth Bari

Parth Bari is the Digital Marketer at Kunsh Technologies, a Social Media Professional and App Writer for all the web development and mobile app development resources related to iOS and Android platforms. He has years of experience with Search Engine Marketing, web promotion market research and analysis. For more information, please visit Kunsh Technologies
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