App Revenue to Top $100B by 2022

Good news, mobile app developers. According to analytics business firm App Annie, the global app market is expected to grow 24 pct from $41.1 billion in 2022 to $51 billion this year. And past 2022, revenue across all app stores to exceed $101 billion globally.

"The combination of steady growth in many mature markets along with rapid growth in emerging markets will propel the marketplace's connected expansion," Danielle Levitas, App Annie SVP of Research and Analysis, wrote in a blog mail service.

Large app markets like the U.S., Nippon, and China are "key to overall app growth," Levitas added, merely fast-growing areas like India, Republic of indonesia, Mexico, and Argentine republic besides present "tremendous opportunity."

App Annie expects global mobile app shop downloads to grow 33 percentage from 111 billion terminal yr to 147 billion in 2022 and somewhen attain 284 billion in 2022. Much of that growth will exist driven by smartphone adoption in emerging markets.

The iOS App Store is expected to retain its crown as the most lucrative app marketplace through 2022, at which point "the combination of Google Play and third-party Android shop revenue volition surpass it due to wider proliferation of Android devices," App Annie said. As for which types of apps bring in the most money, it'south all nearly games, which are poised to dominate the app landscape through 2022.

Gaming apps accounted for approximately 85 per centum of app market acquirement — or $34.8 billion — in 2022, and App Annie projects that the category volition abound to $41.5 billion in 2022 and $74.6 billion in 2022. However, acquirement from non-gaming apps is expected to grow fifty-fifty faster — from $6.3 billion last twelvemonth to $9.4 billion in 2022 and $26.iv billion in 2022, with that growth driven past streaming and dating apps.

For more, bank check out PCMag's roundups of the 100 best iPhone and Android apps.

This article originally appeared on PCMag.com.

About Angela Moscaritolo

Angela Moscaritolo is PCMag's expert on fitness and smart dwelling products. Teaching yoga for nearly 10 years has helped her in evaluating a range of connected health products including fettle trackers, heart rate monitors, rowers, smart scales, stationary bikes, forcefulness training machines, treadmills, and more. Angela also tests smart dwelling house devices from her ranch in Florida, including air purifiers, kitchen appliances, and robot vacuums, only to proper name a few.

Source: https://sea.pcmag.com/apps/10231/app-revenue-to-top-100b-by-2020

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