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Riding the Mobile App Wave: 2023 in Review
Eazi Business • 2 January 2024
The mobile industry, already a thriving market, continues to witness unprecedented expansion, providing abundant opportunities for businesses and entrepreneurs alike. In the fast-paced world of mobile technology, staying abreast of key statistics is crucial. As we have already approached 2024, let's delve into some insightful mobile app statistics from end of 2023 that shed light on the industry's current landscape.
Key Mobile App Statistics:
Global App Downloads Surge:
The first half of 2023 witnessed a substantial uptick, with global users generating almost 77 billion mobile app downloads—a three percent increase from 2022 (Statista).
Top-Grossing Apps:
In June 2023, Disney+ led revenue charts on the Google Play Store, raking in approximately 70.6 million U.S. dollars. HBO Max and TikTok followed closely, underlining the industry's lucrative nature (Statista).
Expansive App Ecosystem:
The Google Play Store now boasts a staggering 2.59 million apps, signalling a thriving and competitive mobile app ecosystem (Statista).
Dominance of Android:
Android maintained its leading position worldwide with a 70.5 percent market share in the third quarter of 2023, while Apple's iOS secured a 28.8 percent share. (Statista)
Apple's Revenue Trajectory:
Despite a slight decrease, Apple recorded a substantial net sales figure of 383.29 billion U.S. dollars in the 2023 financial year, marking a quadrupling of annual revenue over the past decade (Statista).
App Popularity on Instagram:
Instagram claimed the title of the most-downloaded app on the Google Play Store in 2023, with almost 70 million downloads, followed by Facebook with approximately 38.5 million downloads (Statista).
Revenue:
As of end of 2023, mobile apps have generated over $935 billion in revenue in 2023 (Statista), highlighting substantial financial potential for businesses entering the mobile app development arena.
App Engagement:
Millennials and users in general exhibit avid app usage, with 21% of millennials opening an app 50+ times per day and nearly half of all individuals opening an app 11+ times daily (Mindsea, The Manifest).
Digital Media Consumption:
Mobile apps dominate U.S. digital media consumption, constituting 70% of all digital media time (Oberlo).
App Usage Habits:
On average, smartphone owners use 10 apps per day and 30 apps each month (Techjury).
As mobile app downloads soar, revenue streams diversify, and user bases expand, the mobile industry presents a golden opportunity for entrepreneurs. Looking ahead to 2024,
Eazi-Apps is poised to empower entrepreneurs, guiding them to tap into this constantly expanding market. For those envisioning a transformative year ahead,
contact us today to explore how Eazi-Apps can facilitate your journey to becoming an app expert. The mobile revolution is upon us, and the time to seize the moment is now!
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