Consumer spending on mobile apps more than doubled in 2017, while global downloads jumped 60%. Here are some amazing stats that prove the app economy remains in tip top shape in 2018.
In business, studies, and even your personal hobbies, reviewing your previous work is a fantastic way to determine your strengths and weaknesses.
That’s why continually we keep a close eye on changes, progress, and trends in the mobile app development market.
As such, we love this fascinating report from App Annie: 2017 Retrospective: A Monumental Year for the App Economy.
Check out the video below for highlights of the key data and statistics from the report that shows the app industry remains white-hot:
App Annie describes the findings by saying:
The big picture: The app economy is extremely healthy.
Each year, we take a close look at the top-level indicators within the app economy, namely downloads, consumer spend and time spent in apps, comparing them to two years’ prior to get a more holistic sense of growth.
The numbers from 2017 certainly inspire confidence. There’s been a 60% growth in the number of app downloads globally, consumer spend has more than doubled, and time spent in apps spiked by 30%, to the point where each user spends about 43 days per year in apps.
With app usage and downloads ever increasing, the mobile app market is on track for another stellar year in 2018.
With such incredible growth continuing in the mobile app market, NOW is the time to bring your amazing app idea to life!
Just tell us a little about your app idea and we’ll get you started right away.
What is the most surprising statistic from the App Annie report? Drop us a line and share your thoughts below.