Mobile app market to reach $500-billion by 2024 ~
Over the past five years, the global app industry has seen revenue and downloads more than double, with mobile apps reaching more peoplee than ever.
With roughly 6,6-billion mobile phone users worldwide, or 82% of the world’s population, the mobile app industry continues surging with no signs of stopping any time soon. In 2022, global app revenues grew by 7% year-over-year and hit $428,-billion globally, according to a Statista survey. This year is set to witness even more impressive growth, with revenues rising by 14% to $490,8-billion.
The downloads are also expected to continue growing. Last year, people worldwide made roughly 235,2-billion downloads. However, 2023 is set to witness far more downloads, with their total number jumping to 262,5-billion. Mobile games will make more than half of that figure with 135-billion downloads. Photo and video apps, the second most-downloaded app category, will see 29-billion downloads this year, followed by social media apps and their 12-billion downloads.
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