Photo & Video - Lithuania
Lithuania- The revenue forecast for the Photo & Video market in Lithuania indicates that it is projected to reach US$2.15m by 2022.
- This estimate suggests a promising growth trajectory for the market.
- Additionally, an annual growth rate (CAGR 2022-2027) of 10.12% is expected, which would result in a projected market volume of US$3.67m by 2027.
- These numbers signify the potential for substantial expansion in the coming years.
- Within the Photo & Video market, specific revenue streams are also projected to experience significant growth.
- In-app purchase (IAP) revenue is forecasted to reach US$1.55m in 2022, indicating a strong demand for digital content and additional features within the market.
- Paid app revenue is expected to reach US$289.90k in the same year, highlighting the willingness of consumers to invest in premium applications.
- Additionally, advertising revenue is projected to reach US$317.20k in 2022, showcasing the market's appeal to advertisers seeking to reach a wide audience.
- Furthermore, the number of downloads in the Photo & Video market is estimated to reach 7.16m downloads in 2022.
- This figure demonstrates the high level of interest and engagement within the market.
- Currently, the average revenue per download is expected to amount to US$0.30, indicating the value that consumers place on the content and services provided.
- In a global comparison, it is noteworthy that China generates the highest revenue in the Photo & Video market.
- In 2022, China's revenue is projected to reach an impressive US$5.63bn.
- This statistic highlights the size and importance of the Chinese market within the Photo & Video market industry.
- Overall, the Photo & Video market in Lithuania shows promising growth potential, with various revenue streams and a substantial number of downloads contributing to its success.
- As the market continues to evolve and adapt to consumer demands, it is expected to witness further expansion in the coming years.
- Key regions:
- Germany,
- Japan,
- South Korea,
- India,
- Asia
Definition:
The Photo & Video market contains applications that allow users to browse photos, watch videos, and edit photos and/or videos. This market has some of the biggest and most popular apps for video streaming, such as YouTube and Twitch. Alternatively, with apps such as Picsart, users can edit photos and videos in their phone galleries. Apps in this category are especially useful for content creators, who regularly produce photo and video content for their followers on social media.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).
