Books & Reference - Dominican Republic
Dominican Republic- The Dominican Republic is projected to experience significant growth in the Books & Reference market.
- By 2022, the total revenue is expected to reach US$2.72m.
- This represents a substantial increase in revenue for the country.
- Looking ahead, the market is projected to continue growing at an annual growth rate of 13.39% from 2022 to 2027.
- By the end of this period, the market volume is projected to reach US$5.32m.
- In terms of revenue sources, the in-app purchase (IAP) revenue in the Books & Reference market is projected to reach US$521.90k in 2022.
- This indicates a strong potential for revenue generation through in-app purchases.
- Additionally, the paid app revenue is expected to reach US$75.61k in the same year.
- This highlights the demand for paid apps within the market.
- Advertising revenue is also projected to contribute significantly to the overall revenue in the Books & Reference market.
- By 2022, advertising revenue is expected to reach US$2.12m.
- This suggests that advertising plays a crucial role in monetizing the market.
- Furthermore, the number of downloads in the Books & Reference market is projected to reach 5.00m downloads in 2022.
- This indicates a high level of engagement and interest in the market.
- Currently, the average revenue per download is expected to be US$0.54.
- This metric provides insight into the profitability of each download in the market.
- When comparing in the Dominican Republic to other countries, it is worth noting that China generates the highest revenue in the Books & Reference market.
- In 2022, China is projected to generate a staggering US$3.06bn in revenue.
- This highlights the dominance of the Chinese market in this segment globally.
- Key regions:
- Germany,
- United States,
- China,
- India,
- South Korea
Definition:
The Books & Reference market contains apps that allow users to access books and reference works on their mobile phones. Most of these books and references are also available as printed works but are more affordable and convenient to access as digital publications. An example within this market is the Amazon Kindle app, which makes it possible to read Kindle eBooks on mobile devices. Another example is the Audible app, which lets users connect to their Audible accounts and listen to audiobooks while on the go.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).
