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Mobile App Downloads Hit 218 Billion, Consumer Spend Reaches $143 Billion in 2020: App Annie
Facebook dominated the list of top apps with most monthly active users worldwide in 2020, according to App Annie. By Jagmeet Singh | Updated: 13 January 2021 19:37 IST
TikTok surpassed the top social apps with up to 325 percent year-over-year growth in hours per user
Highlights
Mobile app stores saw 20 percent YoY growth in consumer spending
TikTok marked growth in downloads despite its ban in India
Market of mobile apps continued to grow in 2020 despite the coronavirus outbreak, with new app downloads growing seven percent year-over-year to 218 billion, according to a report. Consumer spending on app stores also resulted in a growth of 20 percent year-over-year. The expansion of app downloads and usage of smartphones has pushed mobile ad spend significantly. This has indeed helped app developers grow their earnings at a time when many professionals wo