Everyone today strives to become an opinion leader and you can provide your users with such an opportunity.įitness & Lifestyle Apps. Bloggers have substituted actors and speakers in their ability to influence followers’ views. The most renowned projects in this category include Instagram, YouTube and Vimeo.īlogging Apps and Platforms. Application of this type enable users to share any kind of media (photo, video or docs) with their followers.

Messengers are created to allow instant communication and let users exchange information on the go. The ability to keep in touch with your friends and partners is vital in the modern digitized world. Such names as FB Messenger, WhatsApp or Telegram are quite familiar to you. It means that the popularity of social media networks is unlikely to fade in the nearest future. More than 45% of teens stay online on Facebook and Twitter during the whole day. Among teenage population, the figure is significantly higher. An average US citizen spends nearly 155 minutes per day on social networks and this number grows annually by 10-15%. Facebook remains to be the leader by the number of active users among all other social media networks. If you’re out of social media app ideas, look through the following categorization to choose the right type for your project. Think of your audience and how your project will benefit users. You should have a clear vision in mind when you create your own social media app. These figures clearly show that users are prepared to spend more when producers meet their specific needs. In 2019, the annual growth of apps’ downloads has been estimated at 9%, while the total user expenditure increased up to $101 billion. At the same time, Netflix is the top social media network by revenue due to its winning monetization model.Īlthough the entry threshold is high, the market provides conducive environment to startups and SME businesses. Facebook remains to be the primary market leader with the highest engagement rate. If to run the numbers, it equates to 3.7 billion people worldwide. Since then, the total percentage of the active social media users has grown from 10 to 48% of the Earth’s population. Mark Zuckenberg indicated a new milestone in social media app development when he managed to replicate real-life communication in the digital landscape. Since the invention of Facebook, the social media market has been thriving. In this article, we will unveil all the secrets of building a profitable social media app. Before you get down to work, you should conduct thorough research to identify the gap in the market. However, building a social media app from scratch is quite a challenge. The current trend for niche social networks is gathering pace, which means you can get your cut of the take. With 3+ billion active users worldwide, the market leaders can boast of having the highest engagement rates and the biggest revenue in the IT industry.Īlthough such giants as Facebook and Twitter have already occupied a significant market share, there is still space for promising and ambitious projects. Indeed, social media has taken a big share of our lives. When you wake up, you lean towards your phone to get the latest updates from FB news feed, read your followers’ comments on Instagram or chat with your friends in WhatsApp. In the world of cutting-edge technologies, coffee is no longer the first thing in the morning.

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