The mobile application development sector is growing rapidly, generating revenue billions of dollars. And this is mainly due to people spending greater than 90% of their time using different mobile apps. From shopping, banking, dating, gaming, and even taxi booking there are mobile apps for everything. As per the latest research statistics, the average mobile app downloads attain 218 bn in 2019. And thus, it comes as no shock that app publishers are making huge revenue.
Mobile App Revenue statistics
In Fact, iOS has a smaller market share in comparison to Android. The crucial reason for this is that the iPhone is extensively well-known in high-income areas like Japan, the UK, and North America.
Several pieces of research have indicated that people in these areas spend greater time on apps.
Also, there are plenty of app categories and genres on the App Store that people spend. However, gaming stands out as the largest source of app profits for Apple’s App Store.
Talking about Google Play Store, the greatest markets for this app store include India, Southeast Asia, and South America.
All these areas usually generate plenty less income per user. Also, most of the apps on the Google Play Store are free. The platform generates most income from games and in-app payments.
The Google Play Store is banned in China. But the country has generated an income of $8 billion each year by the third-party App stores.
Over 5 million mobile apps are available on different app stores. The mobile app market is anticipated to reach $935 billion in income by the end of 2023.
Conclude,
When it comes to mobile apps, there are many specific app categories available in the App store that generate huge revenue. The statistics show that mobile apps keep massive potential nowadays.
So, if you have any modern app idea, you must get in contact with a Trioangle Minds of Technology and discuss it further.
Visit Our Site: https://www.trioangle.com/mobile-development-services/
Whatsapp: +91 6379630152 or Email: sales@trioangle.com
