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by Steve Y - Wednesday, 11 November 2020, 11:59 AM
Anyone in the world

As the number of app downloads, mobile users, and mobile devices worldwide are projected to substantially increase well past 2020, it’s clear how integral mobility is to our society.  

 

1.By 2021, there will be roughly 7 billion mobile users worldwide. (Source)
2.By 2022 annual mobile app downloads are projected to reach 258 billion. That’s a 45 percent increase from 178 billion downloads in 2017. (Source)
3.By 2022 app store consumer spending is projected to increase by 92 percent to $157 billion worldwide. (Source )
4.In 2019, the average US adult spent three hours and 43 minutes a day on a mobile device. (Source)
5.Mobile app users in the United States have over 100 apps installed on their smartphones. (Source)
6.The average mobile user checks their smartphone 63 times a day. (Source)
7.87 percent of users will check their phones at least one hour before sleep, and 69 percent of those users will check their phones within 5 minutes before sleep. (Source)
8.79 percent of users abandon a product after only one day of use. (Source)
9.Generation Z (ages 16-24) spends 20 percent more time and engages with their most-used apps 30 percent more often than the rest of the population. (Source)
10.Mobile apps account for 57 percent of all digital media usage. (Source)

[ Modified: Thursday, 12 November 2020, 5:16 AM ]
 
Picture of Steve Y
by Steve Y - Wednesday, 11 November 2020, 11:39 AM
Anyone in the world

3 Reasons

•App Market is The Biggest with over 5 Billion Users
•The Biggest Market Opportunity

•5 million apps, 140B downloads, $100B (2020)
•Rapidly growing market: annually over 25% (2020)
•By 2021, there will be roughly 7 billion mobile users worldwide.
•The Greatest Opportunity for App Producers
•Faster to Produce: 1-6 months
•Easier to Access: Open Source Technologies
•Cheaper than ever, No Capital Investment
•Skillsets: AI Application + Product Production



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[ Modified: Wednesday, 11 November 2020, 11:57 AM ]