New GetData research has identified that although a large percentage of students claim to have had an idea for a business app or software, only a small minority can afford to create it.
Key research findings:
- More than 70 percent of students said they have had an idea for an app that could improve business
- Just over 15 percent can actually afford to create their app
As part of GetApp’s independent research program, GetData, new research has been released revealing that more than 70 percent of US college students have had an app or software idea that could improve business. The research also identified that, although a large percentage of students have had business app ideas, only 15 percent feel they have the financial means to create and develop their idea.
More details about the research:
Answers to the question: “Have you ever had an idea for a business app or software that could improve business?”
Answers to the question: “Do you feel that you could afford to create your app idea?”
Demographics: 2000 US-based male (60%) and female (40%) respondents from a panel of students between the ages of 18 and 25.
This GetData research was conducted to help better understand the extent to which financial barriers are disrupting the emergence of new cloud business apps in the SaaS industry.
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