There are only 3 things in the world that constantly grow: a person’s age, housing cost, and mobile apps downloads.
The mobile app market increases every year and shows no signs of stopping. The global mobile application market is expected to grow at a compound annual growth rate of 13.4% from 2022 to 2030 to reach USD 565.40 billion by 2030
In order to see the progress in numbers, we prepared some interesting statistics that speak for themselves.
Let’s dive into the data!
Mobile apps are expected to generate over $935 billion in revenue by 2023 (Serpwatch)
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Global consumer spending on health and fitness apps hit nearly $34 billion in 2021. (Sensor Tower)
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21% of Millennials open an app 50+ times per day, and 73% of Millennials shop on Mobile 1-4x Per Week (Tapjoy)
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70% of all US digital media time comes from mobile apps (eMarketer)
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Gen-Z users engage 20% more than older groups in non-gaming apps (TechCrunch)
Nowadays, 48% of small businesses have an app in 2022. Outsourcing is the most popular way for small businesses to build an app.
In fact, 79% of small businesses outsource to either an app development team or a freelancer. Additionally, 46% of companies have an in-house development team, and 43% use DIY software.
The world is already digital, and businesses today can lead the race by going Mobile.
Learn more about how we create top-notch apps and how it can boost your business by contacting us here.
