Sport Games - Lithuania
Lithuania- The Sport Games market in Lithuania is expected to see significant growth in the coming years.
- According to projections, the total revenue in this market is expected to reach US$1.03m in 2022.
- This indicates a positive trend in the sector.
- Furthermore, it is anticipated that the market will experience an annual growth rate of 11.43% between 2022 and 2027.
- This steady growth is predicted to result in a market volume of US$1.96m by 2027.
- These figures demonstrate the potential for expansion in the Sport Games market.
- Within the Sport Games market, revenue from in-app purchases (IAP) is projected to reach US$231.10k in 2022.
- This highlights the popularity of these purchases among consumers.
- Additionally, revenue from paid apps is expected to reach US$9.37k in the same year.
- This indicates that some users prefer to pay upfront for their gaming experience.
- Advertising revenue is also a significant contributor to the Sport Games market, with projections indicating it will reach US$785.30k in 2022.
- This suggests that advertisers recognize the value of reaching the target audience through these games.
- In terms of user engagement, the number of downloads in the Sport Games market is projected to reach 2.44m downloads in 2022.
- This high download rate demonstrates the popularity of these games among consumers.
- Additionally, the average revenue per download is expected to amount to US$0.42.
- This metric provides insights into the revenue generated per individual download, indicating the profitability of the market.
- It is interesting to note that, in a global comparison, United States generates the most revenue in the Sport Games market, with projections estimating US$2.90bn in 2022.
- This demonstrates the dominance of the US market in this industry.
- In conclusion, the Sport Games market in Lithuania shows promising growth potential.
- The projected revenue figures, along with the strong engagement metrics, highlight the market's attractiveness for both consumers and businesses.
- Key regions:
- Asia,
- Japan,
- India,
- United States,
- Europe
Definition:
Sport apps allow players to play digital versions of their favorite sports. The most popular sports apps are billiards, golf, soccer, and basketball. For example, 8 Ball Pool allows players to stake coins and play against other players online. The app version of the classic basketball game NBA Jam provides a nostalgic experience for fans of the original game.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).
