Sensor Tower’s latest report says worldwide consumer spending on apps will reach $133 billion (approximately Rs 10,03,835) in 2021. This represents a growth of 19.7 % y/y (YoY) from 111.1 billion USD (approximately 8,38,475 crore) in 2020, roughly reflecting a 21% increase in consumer spending over the same period in 2019. TikTok will be top grossing app worldwide in 2021, followed by YouTube, Piccoma, Tinder, and Disney+. On Google Play, the report says TikTok will take fourth place but still lead in revenue on the App Store.
Latest sensor tower The report on consumer spending in 2021 states that App Store revenue will still be more Google Play. The spending of the two platforms will remain the same in 2020, with the App Store having about 1.8 times more revenue than By Google market. The report adds that the App Store is expected to reach $85.1 billion (approximately 6,42,277 crore), up 17.7% from $72.3 billion (approximately 5,45,770 crore) in 2020. On the other hand, Google Play will see more year-over-year growth, increasing by 23.5% to $47.9 billion (about Rs 3,61,650) from $38.8 billion (about Rs 2,93,026) .
TikTok, for the first 11 months of 2021, achieved sales of $2 billion (approximately 15,109 crore), up 67% year-on-year from $1.2 billion (approximately 2,15,102 crore). By the end of the year, Sensor Tower forecasts that the app will reach $2.3 billion (approximately 17,368 crore) in spending, bringing the total over its lifetime to $3.8 billion (approximately 28,703 crore). .
Game app revenue is expected to reach $52.3 billion (approximately 3.95,192 crore) globally by year-end, up 9.9% year-on-year from $47.6 billion ( approximately 3,59,655 crore) in 2020. Honor of Kings from Tencent arguably the highest grossing iOS game, generating $2.9 billion (about 21,907 crore) on that platform, up 16% year-on-year from $2.5 billion (about 18,885 crore) ). PUBG Mobile for the most money in the overall game category worldwide this year.
The highest-grossing title on Google’s platform is reportedly Moon Active’s Coin Master, which saw its revenue increase 13% year-on-year to nearly $912 million (about 6,888 crore) from total of USD 809.8 million in 2020 (approximately Rs). 6,729 crore) on that market.
In terms of downloads, TikTok is reported to be the most downloaded app on the App Store for 2021, reaching 745.9 million installs across both app stores. This is despite a 24% drop year-on-year from 980.7 million installs in 2020. On Google Play, Facebook tops the chart with around 500.9 million installs in the market alone. that school. Across both markets, the app will have around 624.9 million installs, down 12% year-on-year from 707.8 million.
