Business - Dominican Republic
Dominican Republic- The Business market in the Dominican Republic is expected to see a substantial increase in total revenue, reaching US$1.80m in 2022.
- This projection indicates a promising growth rate of 11.65% annually (CAGR 2022-2027), resulting in a projected market volume of US$2.96m by 2027.
- Specifically, in the Business market, revenue from in-app purchases (IAP) is projected to reach US$1.41m in 2022, while revenue from paid apps is expected to reach US$32.18k in the same year.
- Additionally, advertising revenue in the Business market is projected to reach US$367.10k in 2022.
- The market's popularity is also reflected in the number of downloads, which is estimated to reach 5.47m downloads in 2022.
- Currently, the average revenue per download stands at US$0.33.
- In comparison to other countries, China generates the highest revenue in the Business market, with an estimated amount of US$994.70m in 2022.
- Key regions:
- Asia,
- United States,
- Europe,
- China,
- India
Definition:
The Business market contains apps that increase work efficiency and productivity, primarily in an office setting. The most popular business apps right now, particularly in view of the rise in working from home, provide real-time communication and connectivity. The Zoom and Microsoft Teams apps allow for virtual meetings in real time and include useful features such as video recording and breakout rooms. Meanwhile, apps such as TurboScan and Tiny Scanner replace the functionality of office equipment such as, in this case, document scanners.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).
