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Mobile App Market Research

How to Conduct Mobile App Market Research as a First-Time Entrepreneur

By Subodh Dharmwan / August 10, 2022

August 10, 2022
How to Conduct Mobile App Market Research as a First-Time Entrepreneur

The most important aspect of the research process in the development of mobile apps is knowing how to research rather than what to research. You might believe that you have a great concept for a new app.

There are a large number of people who have accumulated enormous wealth by creating a program that users love and are willing to pay for. However, if you do not conduct the necessary mobile market research, you risk wasting a lot of time and resources on your app (and do not forget about the cost to produce an app) just to discover that no one wants it.

You must conduct the most effective app market research and competitive research possible if you want to develop a solid product foundation and surpass the current competitors.

Understanding how to study rather than what to study as discussed above has been shown to be the most crucial component of the research process in the development of mobile applications.

You must perform as much market and competitor study as is practical to develop a strong product foundation and maintain an edge over the competition.  

The process of releasing a new app is both difficult and exhilarating. Many people have developed brilliant app concepts that can address issues we face daily, but few move forward with launching their projects.

For any startup or app development business, all the mobile app research tools and marketing strategies are crucial in this situation. For your app to succeed, thorough market research is crucial. In this article, we will explain why. 

Reason behind Mobile Apps Failure: Why is Research Important?

Creating a mobile app is a strategic decision that not only affects how people see your brand but also directly affects how they engage with your other goods and services. What different researchers have to say about unsuccessful mobile app development is as follows: 

Reason behind Mobile Apps Failure
[embedimage]

1) An inadequate mobile app strategy 

A weak strategy is frequently to blame for an app's failure. Without a solid foundation, you run the risk of either postponing development or creating a low-quality product. 

Solution Avoid thinking in terms of hard sales and instead focus on giving your users value in the form of knowledge, a service, or entertainment.

2) Compatibility with devices 

Ignoring platforms while creating a mobile app is a big problem because they include different operating systems, carrier networks, and devices. Every mobile platform has specific interface standards. As a result, they follow rules and operate in unique ways. 

Solution Plan for every scenario possible in such a fragmented market. 

3) Extremely complicated 

The secret to a successful app is simplicity. Users will feel more at ease using your application if it is designed simply and elegantly. 

Solution - For the initial iteration, create the smallest design possible and expand upon it, as necessary. 

Also, read: Top mobile app marketing ideas to get your business to the next level

4) Incompatible with the business's current strategy 

Your brand is where customer involvement starts and finishes. This is crucial for developing mobile applications.

You risk losing out on potential downloads and alienating people who might otherwise buy your other products if your app is not tied to your brand or brand promise. 

Solution Build a strong brand for yourself and make sure everything you generate is in line with your goal. 

5) Poor user experience 

A great user experience is essential for your mobile app to succeed. User design is important, but the load time and the functionality that is offered also play a key role. 

Solution Provide UX/UI best practices with the time and attention they need.

6) Inadequate quality assurance

Another reason mobile apps fail is ignoring QA (Quality Analyst) and testing procedures. The user experience will undoubtedly be ruined by software defects if an app is not thoroughly tested. 

Solution Invest in a trustworthy quality control system. 

7) Marketing issues 

Mobile app marketing needs to concentrate on the right methods in the present app industry because there are countless apps available. Marketers need to align themselves with current marketing trends due to the demand in the app industry and the evolution of user behavior over time. 

Solution Communicate to customers the existence and necessity of your app. 

8) Inadequate market and audience research 

When marketing your app, having a solid understanding of your target market is quite helpful. Everyone has an entirely different set of preferences. The specifications for an app created for adults will not apply to one created for teenagers. 

Solution Verify your concept, then conduct a competition analysis to determine their target audience. 

9) Overlooking the Competition 

You should not only keep an eye on your rivals, but you should also be aware of what they are up to. 

Solution Use analytics to learn how your competitors are promoting their apps as a solution. 

Also, read: 10 reasons why B2B Apps are a Great Investment for Your Business

What is App Market Research?

You must understand what is included in the market research before we can discuss effective app market research strategies. The idea of app market research helps in a thorough understanding of your target market.

You can discover the market trends and what clients are more likely to prefer by researching the app. Market analysis in the mobile application development industry has advanced significantly over time.

It is crucial to look for any build-up and look for prospective issues inside the mobile application development industry. 

Once you are aware of the needs of your clients, you may come up with realistic choices for your business. You will profit in the long run if your app can respond to queries about earnings, consumer expectations, and how it boosts business productivity.

For your customers to expect the best from you, you must provide them with effective solutions. 

Before beginning your app market research, you should consider the following: 

  • Is now the ideal moment to release your app? 
  • Does your app implement your USP? 
  • Do you address the concerns of your customers and support them in finding a solution? 

Also, read: 8 Reasons Why your Website Needs a Mobile Application

The Best Strategies for Mobile App Market Research

We recommend segmenting your research into different sections to better understand your market, target audience, and competition to ensure a successful app launch.

We will provide you with the most practical tips and techniques in this section to help you launch your app successfully and draw customers.

Let us get going: 

Mobile App Market Research
[embedimage]

1) Know your target audience

You must have a humble mindset while determining your target market, just as you do when evaluating the market and your competitors.

Knowing your target audience is the base of your app market research since they will dictate how you should conduct it.

The features of your app should appeal to potential users. Usability is a crucial factor to consider when creating applications.

You can proceed further with the next step once you are aware of the target audience for your app. But it is important to perform some research to identify your target market. 

2) Collect relevant data

Real-time data provides you with the ability to make several app changes. In the digital world, data ages quite quickly.

When performing research, you want to use reliable, current, and pertinent sources. Online technologies make it simpler to gather pertinent data.

The statistics will change every year, so pace yourself based on the most current version. You must be certain that you are referring to a reliable source when conducting app research. 

Here are a few of them listed below: 

  • Gartner 
  • Statista 
  • Google Trends 
  • Pew Research 

3) Analyze your competitors

If your app is successful, it will only be for a short while because your rivals have already done their research and are working on a superior version.

To gain a thorough understanding of market trends, customer behavior, and things you must not do, you need to research and analyze the shortcomings and strengths of your competition.

Learning from the errors of others is preferable to making your own. As a result, knowing what your competitors are doing to ensure the success of their app launch always gives you some useful information.

When conducting a competitor analysis, pay attention to both the company and the product. 

Also, read: 11 Reasons to create a mobile app for your online shop – and how to get started?

4) Keep a check with social media updates and worldwide trends

Social media has become more than simply a component of our lives—it is a requirement. Social media may have entered a phase of addiction, but it remains the primary source of a wealth of information.

On the plus side, there are several channels that share information that can guide you toward conducting a better process of app market research

You cannot find information on global trends on the App Store, so if you want to conduct a wider search, you will need to use alternative research techniques.

Searching in other areas is one technique to learn about global trends in mobile application development. Google Trends is a common resource for doing this. 

5) Conduct a SWOT Analysis

You can set internal strengths and weaknesses by using the concept of SWOT analysis (strengths, weaknesses, opportunities, and threats). In this manner, it will be obvious how your app differs from the offerings of your competitors. 

In order to build strategic goals, you will also learn about external opportunities, dangers, and future operations.

You might believe that studying your indirect competitors is a waste of time but learning how they approach their products and how they satisfy their customers might give you some useful knowledge. Researching your indirect competitors is just as important as researching your direct competitors. 

Even though your competitors might not have the same app as you, their product solves the same or related issues. Learn how they do it, then try to give it a fresh spin.

Use these quick, cost-free, and highly productive strategies, and you will effectively complete the most important portion of market research. 

“Key Takeaway 

If you want to assess whether your idea for a mobile app is viable, it is wise to conduct thorough market research. In simple words, it can be said that market research for mobile applications is the answer if you want a trustworthy mobile app.

Also, read: Factors to Consider in Determining Mobile App Development Cost

Bottom line

The marketing strategy for mobile applications has improved over the years. Choose tried and tested methods that will help you in the long run rather than relying on any random methods. Hard work and research are always essential for a successful app launch; you cannot rush things and expect the desired outcomes. 

You have looked at the reasons above why market research matters and how to conduct effective market research. Formulating the concept, studying the competition, identifying the target market, and creating a marketing budget have all been involved.

Consider hiring a dedicated team of industry professionals to do the initial market research if you need to lay a strong basis for your mobile app development. Any project must first be researched in the market.  

Contact us if you have an app idea but are unsure if it will be a success. We have created a discovery process where we thoroughly research your app idea and work with you to make it a digital reality. 

Also, read: Top tips to Build Secure Mobile Apps

FAQs (Frequently Asked Questions)

1) How is the market for mobile apps divided? 

Market, geographic, and app category divisions are used to categorize the global market for mobile applications. Keeping its marketplace in mind, it is further divided into the Apple iOS store, Google Play store, and other marketplaces. 

 2) How soon should I expect results? 

This can vary significantly based on different circumstances. Since improvements are made swiftly and have an effect, some clients see results right away, such as a 40% retention boost. Others may take longer. Like it takes time for some complex apps to gain improvements and provide that required boost. 

3) How can you tell if users are appreciating your app? 

You can create a minimum viable product (MVP) to enable input from your end users. You should be able to tell from this if your app will succeed or fail.

4) Why should you choose Cynoteck's Mobile App development services? 

We are a full-stack mobile app development company that takes care of your specified app or product while attracting new users to keep them around and eventually provide you with the best product. We examine your product in detail to see how we can improve it. Additionally, we have an in-house team with years of development experience that continually strives to improve and provide you with the best possible services.

[sc name="Mobile App Development"] [add_newsletter] [add_related_page_diff_contents blog_cat = "mobile-development"]

The most important aspect of the research process in the development of mobile apps is knowing how to research rather than what to research. You might believe that you have a great concept for a new app.

There are a large number of people who have accumulated enormous wealth by creating a program that users love and are willing to pay for. However, if you do not conduct the necessary mobile market research, you risk wasting a lot of time and resources on your app (and do not forget about the cost to produce an app) just to discover that no one wants it.

You must conduct the most effective app market research and competitive research possible if you want to develop a solid product foundation and surpass the current competitors.

Understanding how to study rather than what to study as discussed above has been shown to be the most crucial component of the research process in the development of mobile applications.

You must perform as much market and competitor study as is practical to develop a strong product foundation and maintain an edge over the competition.  

The process of releasing a new app is both difficult and exhilarating. Many people have developed brilliant app concepts that can address issues we face daily, but few move forward with launching their projects.

For any startup or app development business, all the mobile app research tools and marketing strategies are crucial in this situation. For your app to succeed, thorough market research is crucial. In this article, we will explain why. 

Reason behind Mobile Apps Failure: Why is Research Important?

Creating a mobile app is a strategic decision that not only affects how people see your brand but also directly affects how they engage with your other goods and services. What different researchers have to say about unsuccessful mobile app development is as follows: 

Reason behind Mobile Apps Failure
Copy Infographic
×

1) An inadequate mobile app strategy 

A weak strategy is frequently to blame for an app’s failure. Without a solid foundation, you run the risk of either postponing development or creating a low-quality product. 

Solution – Avoid thinking in terms of hard sales and instead focus on giving your users value in the form of knowledge, a service, or entertainment.

2) Compatibility with devices 

Ignoring platforms while creating a mobile app is a big problem because they include different operating systems, carrier networks, and devices. Every mobile platform has specific interface standards. As a result, they follow rules and operate in unique ways. 

Solution – Plan for every scenario possible in such a fragmented market. 

3) Extremely complicated 

The secret to a successful app is simplicity. Users will feel more at ease using your application if it is designed simply and elegantly. 

Solution  For the initial iteration, create the smallest design possible and expand upon it, as necessary. 

Also, read: Top mobile app marketing ideas to get your business to the next level

4) Incompatible with the business’s current strategy 

Your brand is where customer involvement starts and finishes. This is crucial for developing mobile applications.

You risk losing out on potential downloads and alienating people who might otherwise buy your other products if your app is not tied to your brand or brand promise. 

Solution – Build a strong brand for yourself and make sure everything you generate is in line with your goal. 

5) Poor user experience 

A great user experience is essential for your mobile app to succeed. User design is important, but the load time and the functionality that is offered also play a key role. 

Solution – Provide UX/UI best practices with the time and attention they need.

6) Inadequate quality assurance

Another reason mobile apps fail is ignoring QA (Quality Analyst) and testing procedures. The user experience will undoubtedly be ruined by software defects if an app is not thoroughly tested. 

Solution – Invest in a trustworthy quality control system. 

7) Marketing issues 

Mobile app marketing needs to concentrate on the right methods in the present app industry because there are countless apps available. Marketers need to align themselves with current marketing trends due to the demand in the app industry and the evolution of user behavior over time. 

Solution – Communicate to customers the existence and necessity of your app. 

8) Inadequate market and audience research 

When marketing your app, having a solid understanding of your target market is quite helpful. Everyone has an entirely different set of preferences. The specifications for an app created for adults will not apply to one created for teenagers. 

Solution – Verify your concept, then conduct a competition analysis to determine their target audience. 

9) Overlooking the Competition 

You should not only keep an eye on your rivals, but you should also be aware of what they are up to. 

Solution – Use analytics to learn how your competitors are promoting their apps as a solution. 

Also, read: 10 reasons why B2B Apps are a Great Investment for Your Business

What is App Market Research?

You must understand what is included in the market research before we can discuss effective app market research strategies. The idea of app market research helps in a thorough understanding of your target market.

You can discover the market trends and what clients are more likely to prefer by researching the app. Market analysis in the mobile application development industry has advanced significantly over time.

It is crucial to look for any build-up and look for prospective issues inside the mobile application development industry. 

Once you are aware of the needs of your clients, you may come up with realistic choices for your business. You will profit in the long run if your app can respond to queries about earnings, consumer expectations, and how it boosts business productivity.

For your customers to expect the best from you, you must provide them with effective solutions. 

Before beginning your app market research, you should consider the following: 

  • Is now the ideal moment to release your app? 
  • Does your app implement your USP? 
  • Do you address the concerns of your customers and support them in finding a solution? 

Also, read: 8 Reasons Why your Website Needs a Mobile Application

The Best Strategies for Mobile App Market Research

We recommend segmenting your research into different sections to better understand your market, target audience, and competition to ensure a successful app launch.

We will provide you with the most practical tips and techniques in this section to help you launch your app successfully and draw customers.

Let us get going: 

Mobile App Market Research
Copy Infographic
×

1) Know your target audience

You must have a humble mindset while determining your target market, just as you do when evaluating the market and your competitors.

Knowing your target audience is the base of your app market research since they will dictate how you should conduct it.

The features of your app should appeal to potential users. Usability is a crucial factor to consider when creating applications.

You can proceed further with the next step once you are aware of the target audience for your app. But it is important to perform some research to identify your target market. 

2) Collect relevant data

Real-time data provides you with the ability to make several app changes. In the digital world, data ages quite quickly.

When performing research, you want to use reliable, current, and pertinent sources. Online technologies make it simpler to gather pertinent data.

The statistics will change every year, so pace yourself based on the most current version. You must be certain that you are referring to a reliable source when conducting app research. 

Here are a few of them listed below: 

  • Gartner 
  • Statista 
  • Google Trends 
  • Pew Research 

3) Analyze your competitors

If your app is successful, it will only be for a short while because your rivals have already done their research and are working on a superior version.

To gain a thorough understanding of market trends, customer behavior, and things you must not do, you need to research and analyze the shortcomings and strengths of your competition.

Learning from the errors of others is preferable to making your own. As a result, knowing what your competitors are doing to ensure the success of their app launch always gives you some useful information.

When conducting a competitor analysis, pay attention to both the company and the product. 

Also, read: 11 Reasons to create a mobile app for your online shop – and how to get started?

4) Keep a check with social media updates and worldwide trends

Social media has become more than simply a component of our lives—it is a requirement. Social media may have entered a phase of addiction, but it remains the primary source of a wealth of information.

On the plus side, there are several channels that share information that can guide you toward conducting a better process of app market research

You cannot find information on global trends on the App Store, so if you want to conduct a wider search, you will need to use alternative research techniques.

Searching in other areas is one technique to learn about global trends in mobile application development. Google Trends is a common resource for doing this. 

5) Conduct a SWOT Analysis

You can set internal strengths and weaknesses by using the concept of SWOT analysis (strengths, weaknesses, opportunities, and threats). In this manner, it will be obvious how your app differs from the offerings of your competitors. 

In order to build strategic goals, you will also learn about external opportunities, dangers, and future operations.

You might believe that studying your indirect competitors is a waste of time but learning how they approach their products and how they satisfy their customers might give you some useful knowledge. Researching your indirect competitors is just as important as researching your direct competitors. 

Even though your competitors might not have the same app as you, their product solves the same or related issues. Learn how they do it, then try to give it a fresh spin.

Use these quick, cost-free, and highly productive strategies, and you will effectively complete the most important portion of market research. 

“Key Takeaway 

If you want to assess whether your idea for a mobile app is viable, it is wise to conduct thorough market research. In simple words, it can be said that market research for mobile applications is the answer if you want a trustworthy mobile app.

Also, read: Factors to Consider in Determining Mobile App Development Cost

Bottom line

The marketing strategy for mobile applications has improved over the years. Choose tried and tested methods that will help you in the long run rather than relying on any random methods. Hard work and research are always essential for a successful app launch; you cannot rush things and expect the desired outcomes. 

You have looked at the reasons above why market research matters and how to conduct effective market research. Formulating the concept, studying the competition, identifying the target market, and creating a marketing budget have all been involved.

Consider hiring a dedicated team of industry professionals to do the initial market research if you need to lay a strong basis for your mobile app development. Any project must first be researched in the market.  

Contact us if you have an app idea but are unsure if it will be a success. We have created a discovery process where we thoroughly research your app idea and work with you to make it a digital reality. 

Also, read: Top tips to Build Secure Mobile Apps

FAQs (Frequently Asked Questions)

1) How is the market for mobile apps divided? 

Market, geographic, and app category divisions are used to categorize the global market for mobile applications. Keeping its marketplace in mind, it is further divided into the Apple iOS store, Google Play store, and other marketplaces. 

 2) How soon should I expect results? 

This can vary significantly based on different circumstances. Since improvements are made swiftly and have an effect, some clients see results right away, such as a 40% retention boost. Others may take longer. Like it takes time for some complex apps to gain improvements and provide that required boost. 

3) How can you tell if users are appreciating your app? 

You can create a minimum viable product (MVP) to enable input from your end users. You should be able to tell from this if your app will succeed or fail.

4) Why should you choose Cynoteck’s Mobile App development services? 

We are a full-stack mobile app development company that takes care of your specified app or product while attracting new users to keep them around and eventually provide you with the best product. We examine your product in detail to see how we can improve it. Additionally, we have an in-house team with years of development experience that continually strives to improve and provide you with the best possible services.

Mobile App Development Services

Do you want to leverage mobile technology for your business? Cynoteck is a one-stop Mobile app Development Services provider. We provide iOS and Android application development services so that you can reach your target audience on any device.



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