Abrupt Change Took Place in the App Market, Have a Look
The app revenue is climbing the ladder quickly; credit goes to the impressive growth of mobile gaming and subscription economy. If you look at the past three months, you will find out that the consumer revenue has gained 22.9% of growth, and as a consequence, the figure soared up from $17.9 billion to $21.9 billion in both Play Store and App Store.
With a report, it has come out that App Store is sharing the large portion of this revenue. It makes 65% of revenue in comparison with 35% from the Play Store. To be more precise, users of App Store spend $14.2 billion now which has risen from $11.4 billion, which is quite a giant leap. Google Play, on the other hand, generated $7.7 billion from $6.2 billion.
The figures may change based on the report maker. The above-mentioned ones are provided by one report but another study found out the figures to be larger. However, it is constant for both of the cases that Google Play is the main source of downloads with three-time more installations than the App Store. With Q3, the number has grown from 21.6 billion to 29.6 billion.
China is one of the biggest markets in the world where a slight decline is visible in terms of app downloads. The installation rate dropped to 6% and 2.2 billion in the quarter of the year. However, slight growth is seen in the revenue that grew by 26.9%.
No wonder, the top money-making app excluding games is Tinder that generates $233 million that rose up to 7%. After Tinder, the second top app is Netflix and the third is YouTube with $164 million Q3.
Now, like a new star, TikTok is disrupting the single-dimensioned dominance of Facebook-owned apps. TikTok is giving a tough competition to WhatsApp which is at the top now leaving Messenger, Facebook and Instagram behind.
Though, it is not the first time. According to a study, TikTok won the competition before in Q4 2018 and Q1 2019. However, in the last quarter, it dropped to number 4 again. The download figure is still impressive though. According to another study, TikTok has climbed the third position again over the number 4 and 5, which are Messenger and Facebook respectively.
The ups and downs of the market will continue. All the estimates are excluding the game apps. Did you hear of PUBG, Dream 11 or something similar? Of course, you have. Games will always remain at the top no matter what change strikes the market.
Subscribe to the Newsletter
Don’t lag behind in the ever-evolving age. Stay updated with all tech news and trends. We will not fill your inbox with spam mails. You will only receive updates about the cream contents.
Want Assistance with Software Development?
Anything you need in terms of software, you can count on us. With knowledge, skills and years of experience, we create tailor-made, integrated development solutions with high-end technologies.
Categories
Ai software solution
API Development Services
app development
Application Maintenance
AR And VR Software Development
AR Software Development
Artificial Intelligence
Asset Tracking
Automated system
Big Data
Block Chain Development
Blockchain Development Solution
cloud computing solutions
CMS Development Services
Construction Software Solution
CRM
custom web application
Digital Asset Management
Digital Marketing
Digital Services
Ecommerce Industry Solutions
ecommerce solution provider
Education Software Development
education software development Solution
Education Software Solution
ERP Software Development
Event Ticketing Software Solution
Finance Software Solution
Food and beverage software
Graphic Design
Healthcare software solution
hospitality software development solutions
hotel software solution
IMS
IOT
IT application development
IT Consultancy
IT services
IT solutions
Java
Java App Development
Lead Generation Services
Legal Software Development
mobile app design
opensource software development
pos software development Solution
Quality Assurance
Real estate software
Restaurant Software Solution
Retail IT Solutions
Retail Management Software
software development
Software Security
Software Testing
Sports Software Development
Supply Chain Software Solution
Transportation Software Development
Travel & Hospitality
UI and UX design
Uncategorized
Web Design
Web development service
Web Programming