Finance - Worldwide
Worldwide- Total revenue in the Finance market is projected to reach US$1.41bn in 2022.
- Total revenue is expected to show an annual growth rate (CAGR 2022-2029) of 9.11%, resulting in a projected market volume of US$2.89bn by 2029.
- In-app purchase (IAP) revenue in the Finance market is projected to reach US$411.40m in 2022.
- Paid app revenue in the Finance market is projected to reach US$51.67m in 2022.
- Advertising revenue in the Finance market is projected to reach US$949.30m in 2022.
- The number of downloads in the Finance market is projected to reach 2.66bn downloads in 2022.
- The average revenue per download currently is expected to amount to US$0.53.
- A global comparison reveals that most revenue is generated United States (US$552.70m in 2022).
Definition:
The Finance market contains apps that facilitate financial transactions and/or assist with personal financial matters. This market includes financial management apps, banking apps, payment apps, and stock investment apps, among others. The most popular apps, such as PayPal, Venmo, and Cash App, process billions of dollars worth of transactions each year. Meanwhile, Robinhood makes investing in stocks accessible to the ordinary consumer. Financial apps showcase the latest innovations and trends in financial technology and put them to the test.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
