Trending

Stories

Global Consumer Spending on Mobile Apps Hits $170 Bn in 2021

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

The global consumer spending on mobile apps across iOS, Google Play, and third-party Android app stores in China reached $170 billion in 2021 (up 19 percent from last year) as people downloaded 230 billion apps last year, setting another record, a new report showed on Wednesday.

The app download growth is driven by emerging markets like India. In the top 10 mobile markets, a staggering 4.8 hours a day were spent on mobile.

Also Read

According to App Annie’s “State of Mobile 2022” report, consumers spent a record 3.8 trillion hours on mobile in 2021.

Mobile is the go-to device of the future. The big screen is slowly dying as mobile continues to break records in virtually every category – time spent, downloads and revenue,” – Theodore Krantz, Chief Executive Officer or App Annie which is the leading mobile data and analytics company.

In 2021, Publishers released 2 million new apps and games, bringing the cumulative total to 21 million, while advertising spending topped $295 billion, up 23 percent year over year, and is estimated to top $350 billion next year.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Mobile gaming grew to $116 billion, an increase of 15 percent.

Apps earning more than $100 million in consumer spending grew by 20 percent last year.

Led by TikTok (an increase of 90 percent globally outside of China), 7 of every 10 minutes was spent on either social, photo, and/or video apps.

“Worldwide consumer spend on dating apps surged past $4.2 billion (55 percent increase from 2019), said the report.

Time in shopping apps reached 100 billion hours, up by 18 percent year over year, led by fast fashion, social shopping, and big-box players.

“Food and drink apps hit a new milestone at 194 billion sessions in 2021 (up 50 per cent year over year),” the findings showed.

“The future will be based on an immersive entertainment experience you create. You won’t watch movies, you’ll star in them,” said Krantz.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS
Nothing Phone Enters US with Beta Membership Program Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India