Top 8 Mobile App Business Ideas That Entrepreneurs Can Invest & Earn Huge Profits In 2020

Just a month more to go, and we shall welcome not only a new year but a new decade as well. The year 2019 has been a great year for mobile applications. Today, many businesses prefer to use apps as they enable them to connect with customers directly and enhance the experience overall. In fact, companies like Swiggy, Zomato, and others have used this medium to attract millions of dollars in investments and earn unicorn statuses.

For aspiring entrepreneurs, mobile apps are a perfect way to enter the market and create a niche for themselves. We have curated a list of activities that possess lots of potential and can be scaled to the pinnacle of profits in the coming year. Interestingly, all of the businesses mentioned below can be launched in an instant thanks to the magic of clone applications. Read on to find out more!

Taxi Booking

Taxis have become the mainstay in the transportation sector as they offer passengers an unparalleled level of convenience. One can simply launch their own application using Uber clone solutions and even customize the ride to their liking. This sector is valued at an enormous $183 billion in 2019 and is expected to grow to $318 billion by 2023. Evidently, this sector is set to expand at a phenomenal rate and holds a lot of promise for individuals planning to make a mark in this segment.

Multi-services Applications

Super applications like Gojek are quickly changing the way business is conducted. The premise here is quite simple – a variety of services are hosted on a single application. This is not only a practical move but also goes a long way in building a comprehensive ecosystem that helps retain the customer within the application. Luckily, Gojek clones are available in the market that enables budding entrepreneurs to deploy their apps instantly.

Online Dating

The process of courting someone in the 21st century has changed dramatically. Gone are the days of letters and the like. Now, one can just create a profile and begin selecting potential love interests by simply swiping right. In 2017, the online dating industry was valued at $6.4 billion and was growing at an impressive CAGR of 4.7%. By using a Tinder clone, one can easily tap into this multi-billion dollar business ecosystem.

Food Delivery

Online food delivery is another sector experiencing a boom. Besides food being a critical source of sustenance for all of us, there are other factors that are aiding its growth. Evolving work and lifestyle patterns, changing gender roles, increasing incomes, and a few other elements are quoted as the reasons driving growth in the food delivery segment. Using an UberEats clone, an entrepreneur can easily enter this lucrative market. A study by Statista revealed that this market is currently valued at $107.43 billion. With an expected CAGR of 9.9%, food delivery applications are expected to cash in over $156.81 billion as revenue by 2023.

Messaging Apps

Almost everyone identifies with mobile messaging. In the early days, one had to rely on SMS to exchange their thoughts with family and friends, but this came at a cost. However, that is not the case anymore. With the advent of the internet, messaging has become virtually free and also began offering an assortment of other features such as voice calls, video calls, group chats, photo sharing, and much more. A report in March 2019 estimated that more than 41.6 million messages are exchanged in every online minute, and this number is growing by the day. Using a WhatsApp clone, one can leverage the expanding market and demand to their advantage.

On-demand Electric Bikes

Global warming and climate change are threatening to endanger the survival of humanity in the years to come. However, their damage can be offset by enacting and implementing critical policy change. One such policy change is the introduction of electric vehicles that will help remove the dependence on fossil fuel and lighten the burden imposed on the environment. In 2018, the global electric scooter segment was pegged at a whopping $17.43 billion, along with a CAGR of 8.5%. An entrepreneur can support the environment by offering a green solution with the help of an Uber for E-scooters Clone.

Video-on-Demand

The smartphone has replaced television as a source of entertainment. Today, with the prevalence of the internet, one does not have to look far if they are itching to watch a movie or TV show. Hence, video-on-demand platforms like Hulu and Amazon Prime are all the rage these days. In 2017, this market was valued at $43.9 billion, however, with a CAGR of 9%, it is expected to touch $87.1 billion by the end of 2025. A Netflix Clone can prove highly beneficial for an entrepreneur planning to enter this industry quickly and efficiently.

Education Apps

Education is a very important activity that has relevance throughout one’s life. The trend of earning certifications and additional degrees is increasing by the day. Moreover, the internet has democratized the process and made it easier for individuals to access courses from premier institutes. Entrepreneurs can use a Udemy clone to close the gap between quality education and distance learners.

To Conclude

Starting a venture in 2020 is no longer dependant on the traditional understanding of starting a business. In fact, one does not require a physical office to run operations! By simply building an app, an entrepreneur can launch billion-dollar enterprises. App development is no longer a tedious task thanks to companies like AppDupe, who offer premium clone app solutions for various sectors such as taxi booking, food delivery, messaging, and much more!

Author

Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.