A mobile application or mobile app is a software application. Basically, it is a computer generated program designed and developed to run on iPhone, Smartphones, tablets and many other mobile devices. According to a report, “There were 19 billion software developers across the world in the year 2014, and the number would grow to a whopping 25 billion by 2020”. Nowadays, India, Russia and China are seeing fast growth in the number of mobile app developers in compared to the first world countries that produced more mobile applications developers once. With over 10 billion mobile Internet devices expected to be in use by 2016, the mobile application industry will grow tremendously to match demand and keep up with ever-evolving technologies. The mobile app economy was worth $53 billion in 2012, and the forecast for 2016 is that it will grow to $143 billion. The figures vary slightly from researcher to researcher but the fact is that mobile is really big. Revenue is generated through in-app purchases, in-app ads, and big data accumulation. The most promising sections are social networks, utility, advertising, and productivity. It is expected that app downloads will grow to 200 billion while mobile app revenues in 2017 will be as huge as $63.5 billion. The transaction value for global mobile payments is projected to grow from $235 billion in 2013 to$721.3 billion in 2017. The main trigger behind rocketing mobile app usage is the growing sales of tablets, smartphones and other mobile devices.
Yolo Perks is a mobile app that adds fun and instant gratification to your restaurant experience. Whenever you enter a restaurant partnered with Yolo Perks, scan a QR code to win plethora of rewards and offers on Yolo Perks just for being an AWESOME CUSTOMER.