As apps begin to play a dominant role in the global technology space, app development poses a huge opportunity for Indian entrepreneurs. Apple has most recently showcased a list of world class apps that are made in India, highlighting some of the early players in the industry. The business of making apps is not limited by geographical boundaries and hence presents Indian entrepreneurs and developers with a great opportunity to “Make Apps in India” for the world and make India a hot spot for the growing app industry.
Apple is showcasing a list of world class apps “Made in India” on the home page of the iPhone and iPad App Stores. The list features two of Cynapse’s apps Localscope and Numerics. Apple regularly features Cynapse’s apps on the iTunes App Stores in over 150 countries. Localscope, Cynapse’s first iOS app has been rewarded the Best app of the year by Apple and customers worldwide have voted and made Cynapse win the Best App Ever Awards multiple times.
Cynapse has over a million customers of their apps worldwide and believes the app economy presents a huge opportunity and making apps in India should undeniably be a part of Prime Minister Narendra Modi’s Make in India campaign.
Consumers around the world are embracing smartphones, and by the end of 2014, 1.76 billion people are estimated to own and use smartphones. By 2018, 500 million Indians are going to be mobile internet users and will be contributing to nearly 10% of the global smartphone market share. Alongside smartphone growth, rising incomes will unleash the online spending potential of billions of people. Further, payment systems like IMPS and Apple Pay are enabling transactions in the real world with a single touch, that were previously un-imaginable with traditional banking. This growth gives talented entrepreneurs, developers and designers an opportunity of a lifetime to participate in the golden age of making apps.
“One of the biggest advantages of the mobile app business is that its market is not bound by geographical limits.” says Romasha Roy Choudhury, Chief Evangelist at Cynapse. “You can be in India and create an app that can be used by consumers anywhere the world. The Apple App Store and the Google Play Store provide a level playing field to publish and sell your apps to a global audience. All you need is a great app that solves a large problem. All apps made by Cynapse are designed and built in India but are sold and highly ranked in over 150 countries on the Apple App Store. The model being: Make in India, Design for the World.”
The app economy was worth $68 billion in 2013 and is projected to grow to a staggering $143 billion by 2016 as smartphone ownership soars worldwide. Apple has been a huge contributor to this economy. With more than 1.2 million iOS apps and over 75 billion downloads, the App Store has created an entirely new industry for iOS app design and development. The firm recently estimated that the app economy will add $86 billion in revenues to worldwide GDP in 2014. Further, Apple dominates mobile app economies and has created or contributed to 629,000 jobs across Europe, and over 500,000 of these roles represent the booming app economy.
This is a prosperous time for entrepreneurs in India to join the app economy. India has been a leader in providing IT services to the world. Nasscom recently announced India is the world’s fastest growing startup scene with 800 new startups a year. From designers and developers to technical experts, marketing managers and CEOs, the app industry provides a range of jobs. By “Making Apps in India” entrepreneurs can be a part of a dynamic and profitable industry and drive those jobs and revenues to India by solving problems for consumers worldwide.
About Cynapse:
Headquartered in Mumbai, India, Cynapse invents software products that benefit fundamental aspects of everyday life. Its mission is to evolve the way people create, consume and communicate various forms of information. Cynapse is the creator of open source Enterprise 2.0 software Cyn.in, provider of the realtime collaboration software Sync.in and inventor of Numerics, Localscope and Phlo for the iOS and Mac platforms. Over 10,000 businesses and institutions and millions of users across the world benefit using Cynapse technology.
Links:
Apps Made in India - http://cynapse.com/2014/10/apps-made-in-india/
Official Cynapse Website - http://cynapse.com/
Photo Caption: Made in India
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