Overview and Scope
In-app purchase refers to the purchase of additional services and features or functions in an application on computers, smartphones, and tablets. It offers access to additional features and content, including digital goods, premium content, and subscriptions, directly within the application. It also offers access to the application developers to provide basic content free of charge and monetize specialized features of the product.
Sizing and Forecast
The in-app purchase market size has grown exponentially in recent years. It will grow from $171.82 billion in 2023 to $213.36 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to smartphone penetration, app monetization strategies, user engagement strategies, content consumption trends, app store optimization.
The in-app purchase market size is expected to see exponential growth in the next few years. It will grow to $515.92 billion in 2028 at a compound annual growth rate (CAGR) of 24.7%. The growth in the forecast period can be attributed to subscription-based models, emerging markets growth, cross-platform integration. Major trends in the forecast period include mobile gaming dominance, subscription models, augmented reality (AR) integration, personalization and customization, digital goods and services.
Order your report now for swift delivery, visit the link:
https://thebusinessresearchcompany.com/report/in-app-purchase-global-market-report
Segmentation & Regional Insights
The in-app purchase market covered in this report is segmented –
1) By Type: Consumable, Non-Consumable, Subscription
2) By Operating System: Android, iOS, Other Operating Systems
3) By App Category: Gaming, Entertainment And Music, Health And Fitness, Travel And Hospitality, Retail And E-Commerce, Education And Learning, Other App Categories
Asia-Pacific was the largest region in the in-app purchase market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-app purchase market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=6528&type=smp
Major Driver Impacting Market Growth
The increase in downloads of video streaming, gaming, and health and fitness applications are expected to propel the growth of the in-app purchase market. The increasing usage of mobile applications allows more users to access content and increases the pool for in-app purchases. For instance, according to APP ANNIE, in 2021, mobile users downloaded 140 billion new apps by the end of 2021 globally, which is approximately 10 billion more than in the year 2020. Therefore, the increasing downloads of video streaming, gaming, and health and fitness applications are expected to drive the in-app purchase market growth.
Key Industry Players
Major companies operating in the in-app purchase market report are Amazon.com Inc., Apple Inc., Google LLC, The Walt Disney Company, Tencent Holdings Limited, Netflix Inc., PayPal Holdings Inc., Square Inc., Rakuten Group Inc., Stripe Inc., Spotify Technology S.A., Flipkart Internet Private Limited, Myntra Designs Private Limited, Epic Games Inc., AppLovin Corporation, Supercell Oy, Tinder, Unity Technologies SF, Adyen N.V., Digital Turbine Media Inc., IronSource Mobile Ltd., Machine Zone Inc., InMobi Technologies Pty. Ltd., VentureBeat LLC, Bango PLC, Vungle Inc., Adapty Technology Inc., Ajio Online Services Private Limited, Chartboost Inc., Fortumo Oyj, Aarki Inc., Liftoff Inc., SuperSonic Studios Ltd., Swrve Inc.
The in-app purchase market report table of contents includes:
1. Executive Summary
2. In-App Purchase Market Characteristics
3. In-App Purchase Market Trends And Strategies
4. In-App Purchase Market – Macro Economic Scenario
5. Global In-App Purchase Market Size and Growth
.
.
.
31. In-App Purchase Market Other Major And Innovative Companies
32. Global In-App Purchase Market Competitive Benchmarking
33. Global In-App Purchase Market Competitive Dashboard
34. Key Mergers And Acquisitions In The In-App Purchase Market
35. In-App Purchase Market Future Outlook and Potential Analysis
36.Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
