2020 has been one notable year. Due to the spread of this pandemic, businesses worldwide are unstable and various start-ups have collapsed. Established big firms are facing a financial crisis and people all around the world are losing jobs.
According to research by the world bank, there can be a 5.2% decrease in the world’s GDP.
This can be considered the deepest global recession in decades. This is exceptionally hard for the economies. In this crisis, start-ups are facing the most problems and it is up to us to support these start-ups, as they are an integral part of our economy.
Why are Apps a Profitable Venture in 2024?
Since most of us are stuck somewhere, whether at home, at work, or in a different city, we all have access to our phones. This pandemic made us realize the importance of a lot of things. Phones are no longer an accessory; they are now an important part of our daily lives.
The use of a smartphone has increased significantly, in all demographics. And hence apps are a fruitful venture. They are sure the most productive thing one can invest in. After intensive research, we have comped a list of app ideas that can help you grow and potentially earn money during these challenging times.
Top App Ideas that May Yield a Positive Result this Year
On-Demand Apps
On-demand apps can prove to be extremely profitable in times like this. Sure, it has a lot of risks involved, but in times like this, if you can get your hands-on things that people are not able to find and deliver them to their abode, you can probably make a fortune.
There is a lot of demand for home deliveries as people are not keen on the idea of going out. They would rather order things, sanitize them, and then use them than take the risk of going out and getting things and trying them.
There is a wide area of operation in this particular genre, like food, apparel, daily items, etc. You can choose one area of expertise like uber eats, or multiple areas like Amazon. Whatever you choose, we are sure it will be profitable. All you have to do is pay special attention to the hygiene and safety of your employees.
Online Food Delivery Market to hit $161.74 Billion by 2023 -Global and Regional (US, UK, China, India, etc.)- Adroi Market Research
Some app ideas:
- Food-delivery Apps
- Clothes and Accessories delivery Apps
- Book-delivery Apps
- Masks & Sanitary items delivery Apps
Our Dribbble Shot – Food Delivery App
Entertainment Apps
Everyone is sitting at home, binging on one thing or the other; they are tired all the time. Nobody can watch Netflix the entire day. People need other sources of entertainment. This is exactly where your potential app will come into the scene.
Entertainment is a broad genre to operate in, from games to show streaming to music; everything can be considered a part of the entertainment. You can build a platform that helps local filmmakers to showcase their talent; this way, your app can grow organically in that particular area along with those artists. Photo editing apps, video editing apps there is a large area that you can experiment with.
According to Statista, 221.8 Mn online video viewers in the US accessed videos in 2017, which is expected to reach 236 Mn viewers by 2020.
Otherwise, simple, addictive games don not require a lot of graphics. Apps like Candy Crush took everyone by storm, you can develop an app that keeps people hooked yet relaxes them at the same time. If you can develop something entertaining, I’m sure it will create a buzz in the market.
Some app ideas:
- Local Film Screening App
- Simple Gaming App
- Old Movies Screening App
- Puzzle Solving App
- Photo Editing App with filters
- Short Video, Lip-Syncing App
- Online Music App
- Streaming Video App
Check Behance Portfolio – Music Streaming App
Health & Fitness Tracker
Everybody is concerned about their health these days. Make use of this concern and build an app that will help them keep track of their health. It doesn’t have to be extremely detailed or graphic.
It can be a simple database keeper that keeps the data of corona cases in their area, or it can be a simple reminder app that helps reminds them to wash their hands every time they go out. Even the simplest things can be the most effective and play in your favor.
The global Fitness App market is forecasted to grow at a rate of 23.5% from USD 2.92 Billion in 2019 to USD 14.64 Billion by 2027. – Reports & Data
People are cautious and this cautiousness makes a great window of opportunity for a health app to flourish.
Some app ideas:
- Diet Plan Development App
- Sanitation Reminder Clock
- Regular Health Check-up App
- Corona Case Tracker in your area
- Running Tracker App
- Yoga & Meditation App
- Exercise App
Check Dribbble Shot – Workout & Fitness App
Educational Apps
Another sect of society affected by the pandemic is the students. Online lectures are an option but let’s be honest; they are not exactly helpful for either the students or the teachers. Educational apps that will connect teachers and the students when needed are extremely essential.
We need apps that will help both ends of the spectrum. An app that provides students with study material given by the teacher and store notes online, even in places with unstable connections, can help the students a lot.
The global e-learning market is projected to surpass 243 billion U.S. dollars at a 5.08% CAGR in 2022. – Statista
Any educational app with a basic, user-friendly UI/UX design will yield good results in the market.
Some app ideas:
- Personalized Lesson Videos
- Homework Allotment
- Audio Lessons
- A video app that works even when the internet is not stable
- Study Planner
Productivity Tracker
One of the biggest problems people are facing these days is keeping their productivity levels high. When you go out and earn enough, you have a motive to work and be productive. The environment is a great factor that affects productivity.
Since most of us are sitting at home, the productivity level is decreasing, which might affect many things in our daily lives. For people to maintain a certain amount of productivity, they need an app that helps them with this problem.
An app that doesn’t let other devices’ use until they finish a certain work earns a reward. If they reach a certain level, will help these target audiences to maintain their productivity level and at the same time have a false sense of achievement that can boost their motivational levels significantly.
Some app ideas:
- Daily Tasks completion list
- Rewarding App that can help you avail offers when you reach a certain level
- Closing Timer for your phone, an app that will not let you use your phone for a particular period of time entered by you
Apps for Mental Health
Let’s be very clear, you cannot be okay by using an app, but it can help you get better, even if it is just a little. This pandemic is taking a toll on everybody’s mental health. A large demographic is now actively asking for help, but not all of them can afford therapy due to a lack of money or the social stigma attached to it.
Mental Health Apps Market Accounted for $587.9 Mn in 2018 and is Expected to Generate a Revenue of $3,918.40 Mn by 2027, at a growth rate of 23.7% from 2019 – 2027 – Absolute Markets Insights
Applications that help you sleep or meditate, coloring by number apps, and apps allow you to calm down if you have an anxiety attack. These apps can help people tremendously. And there is a market full of people that are in dire need of such apps, but the lack of it makes it more appealing to the masses and hence an app that can help people take care of their mental health, especially at times like this, would be an app that can help you grow,
Some app ideas:
- Simple Art Therapy
- Color by number
- Apps that help you sleep
- Apps that help you control your breath while experiencing anxiety
Check Dribbble portfolio – Relaxing Music App
Conclusion
These app ideas can help start-ups find their direction and build an audience that will support them in their future ventures. These ideas are a result of intensive market research and we are sure that if you do end up building on these, they will yield positive results.
We need to support start-ups in times like this as the rate of start-up failure increases day by day. They are the building block of the economy and hence they need to be preserved. We hope that we were able to help you get some ideas through this blog.
Thank you for reading!
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This post was last modified on September 26, 2024 5:58 pm