Finance - Dominican Republic
Dominican Republic- The Finance market in the Dominican Republic is expected to reach a total revenue of US$1.15m in 2022.
- This projection indicates that the market is anticipated to experience a steady growth rate of 11.25% annually from 2022 to 2027, resulting in a projected market volume of US$1.84m by 2027.
- Within the Finance market, in-app purchase (IAP) revenue is projected to reach US$812.30k in 2022, while paid app revenue is expected to reach US$23.28k in the same year.
- Additionally, advertising revenue in the Finance market is projected to reach US$314.50k in 2022.
- Furthermore, the number of downloads in the Finance market is anticipated to reach 2.45m downloads in 2022.
- Currently, the average revenue per download is expected to be US$0.47.
- When comparing the Finance market globally, it is noteworthy that United States generates the most revenue, amounting to US$580.10m 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).
