Global In-App Spending Hits Record $67.5 Bn, India Largest Market For Google Play: Report – News18

Published: July 13, 2023
Positive growth in mobile consumer spending returned at a healthy 5.3% year-over-year in H1 2023..

Positive progress in cellular client spending returned at a wholesome 5.3% year-over-year in H1 2023..

App downloads have been additionally up by 3.2 per cent, based on information.ai, the main cellular information and analytics supplier.

The international cellular market hit a document $67.5 billion relating to in-app client spend and registered 76.8 billion app downloads throughout iOS and Google Play within the first six months of this yr, a report confirmed on Thursday.

Positive progress in cellular client spending returned at a wholesome 5.3 per cent year-over-year in H1 2023 after a decline in 2022. App downloads have been additionally up by 3.2 per cent, based on information.ai, the main cellular information and analytics supplier.

India, Brazil and Indonesia have been the most important markets for downloads on Google Play in H1 2021, whereas Turkey, Russia and Indonesia noticed the most important upwards motion versus H2 2022 on the platform.

Whereas on iOS, China, the US and Japan have been the highest markets by downloads with Brazil, China and the US posting essentially the most progress versus H2 2022.

“The return to optimistic progress in H1 is an encouraging sign that the decline in cellular client spend throughout 2022 could have represented a brief blip within the long-term sustained progress of the cellular app market,” mentioned the report.

Chinese short-video-making app TikTok became the first app to surpass $1 billion in consumer spend in a quarter in Q1 2023, and also became the first app to surpass $2 billion, accumulating $2.1 billion in consumer spending in H1 2023.

Piccoma, Disney+ and YouTube saw growth versus H2 2022 of 34 per cent, 10 per cent and 6 per cent, respectively.

Unsurprisingly, the social media giants dominated the top download and monthly active user (MAU) charts in H1 2023. ByteDance (TikTok and CapCut) and Meta (Instagram, WhatsApp and Facebook) controlled the top five spots by downloads, while Meta continued its dominance of the MAU rankings, the report noted.

The top five games by downloads in H1 2023 were the same as the second half of 2022, with Subway Surfers and Free Fire leading the way.

Some new entrants included Block Blast Adventure Master from Hungry Studio and Attack Hole from Homa.

Another game on the rise in H1 was Gardenscapes, a match-3 title from Playrix.

The top mobile games by MAU were similar to H2 2022, led by Roblox, Free Fire and Candy Crush Saga.

The only new entrant to the top 10 was FIFA Soccer, which has maintained momentum built up during the FIFA World Cup in late 2022, the report said.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – IANS)

Source web site: www.news18.com