App - Lithuania

Lithuania

In Lithuania, the total revenue in the App market is estimated to reach US$65.43m in 2022.
This projection indicates an annual growth rate (CAGR 2022-2027) of 8.37%, resulting in a projected market volume of US$104.40m by 2027.
Specifically, the in-app purchase (IAP) revenue in the App market is projected to reach US$20.11m in 2022.
Additionally, the paid app revenue in the App market is expected to reach US$1.34m in 2022.
Moreover, the advertising revenue in the App market is projected to reach US$43.98m in 2022.
Furthermore, the number of downloads in the App market is estimated to reach 115.50m downloads in 2022.
Currently, the average revenue per download is expected to amount to US$0.57.
It is worth noting that when compared globally, in China generates the highest revenue in the App market, with an estimated US$162.90bn in 2022.

Key regions: China, United States, Europe, Germany, Asia

Market

Region

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Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenue from in-app purchases, revenue from the purchase of apps, and revenue from advertising, as well as the number of downloads for each app category.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use market data from independent databases and third-party sources, current trends, and reported performance indicators of top market players. In addition, we use relevant key market indicators and data from country-specific associations, such as smartphone users and mobile broadband connections. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.