Shopping - Dominican Republic
Dominican Republic- The projected total revenue in the Shopping market of the Dominican Republic is expected to reach US$12.96m in 2022.
- This represents a significant growth in the market.
- The total revenue is projected to continue growing at an annual growth rate of 14.18% from 2022 to 2027.
- This growth is expected to result in a projected market volume of US$27.13m by 2027.
- In the Dominican Republic's Shopping market, the revenue from in-app purchases (IAP) is projected to reach US$35.07k in 2022.
- This revenue is expected to contribute to the overall growth of the market.
- Additionally, the revenue from paid app downloads is projected to reach US$17.51k in 2022, further contributing to the market's expansion.
- Furthermore, the advertising revenue in the Dominican Republic's Shopping market is projected to reach US$12.91m in 2022.
- This indicates a significant potential for businesses to reach their target audience through advertising in this market.
- In terms of user engagement, the number of downloads in the Dominican Republic's Shopping market is projected to reach 1.90m downloads in 2022.
- This reflects the popularity and demand for shopping apps among consumers in the country.
- Currently, the average revenue per download is expected to amount to US$6.81, indicating the profitability of the market for app developers and businesses.
- When compared globally, it is worth noting that the highest revenue in the Shopping market is generated China, with a projected revenue of US$10.10bn in 2022.
- This highlights the dominance of the Chinese market in terms of revenue generation in the Shopping market sector.
- Overall, the Shopping market in the Dominican Republic is experiencing significant growth and presents lucrative opportunities for businesses in various revenue streams such as in-app purchases, paid app downloads, and advertising.
- The projected revenue and market volume demonstrate the potential for continued expansion in the coming years.
- Key regions:
- China,
- Asia,
- Germany,
- United States,
- South Korea
Definition:
The Shopping market contains apps that are tied to major online stores and eCommerce companies. It is no surprise that online shopping giants such as Amazon and Walmart have the most downloaded apps in this category. In addition to facilitating purchases, these apps advertise special deals and promotions. Apps such as eBay and Etsy that facilitate C2C (consumer-to-consumer) transactions are also included. The apps in this category are important components of the trillion-dollar eCommerce market.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).
