Daily Archives: March 6, 2021
Global consumer spending on premium apps, in-app purchases, and subscriptions through the App Store and Google will reach $ 270 billion annually by 2025, nearly 2.5 times what consumers spent in 2020 as hardware trends accelerate Portable for “Covid-19”. According to data provided by the application analytics company, “Sensor Tower”, “Covid-19” increased global consumer spending in mobile applications during the year 2020, which rose by 30% on an annual basis to $ 111 billion, while the annual growth In spending that will return to pre-pandemic levels over the next five years, total revenue in both app stores will continue to rise each year at a compound annual growth rate of 19.5%, reaching $ 270 billion in 2025.