The mobile app industry is booming, driven by the increasing production of feature-rich smartphones and a growing user base. With the global mobile app market projected to reach $756 billion by 2027, it's no wonder that developers are eager to create innovative and feature-packed apps that meet the rising demand for customer-oriented applications.
Global Mobile App Market Overview
The mobile app industry is on a robust growth trajectory, with a steady Compound Annual Growth Rate (CAGR) of 8.58% from 2022 to 2027. This expansion has intensified consumer demand for AI-powered and feature-packed apps, leading to a broader business scope for developing user-centric applications.
According to Statista, the global mobile app market is projected to reach $756 billion by 2027. Notably, startups, small businesses, SMEs, and enterprises are investing significantly in mobile app development to meet the rising demand for customer-oriented apps.
Mobile App Users' Behavior Statistics
With people spending an average of 3 hours and 10 minutes daily on their smartphones, it's no surprise that mobile apps have become integral to our lives. But what drives users to engage with certain apps? For instance, did you know that the typical smartphone user dedicates approximately 2 hours and 51 minutes daily to app engagement?
Despite over 80 apps installed on an average smartphone, only 9 mobile apps are used daily, while 30 apps are used monthly. However, nearly 62% of installed apps remain unused each month.
Mobile App Download Statistics
To make your app successful, it's crucial to understand your audience and what they want. With most global downloads being free, understanding how to drive downloads is key. Did you know that 97% of mobile app revenue worldwide comes from free apps?
Google Play vs. App Store Download Statistics
When it comes to mobile app downloads, two leading platforms dominate the landscape: the Apple App Store and the Google Play Store. Let's compare the global app download trends between these two app stores.
According to a recent survey, the main reason someone is uninstalling an app is that they simply don't use it. Other reasons for uninstalling vary from needing more space on their device to unmet expectations from the app provider.