Shopping - New Zealand

New Zealand

The Shopping market in New Zealand is expected to see a significant increase in revenue.
By 2022, the total revenue is projected to reach NZ US$47.73m.
This growth is anticipated to continue, with an annual growth rate (CAGR 2022-2027) of 8.77%.
As a result, the market volume is projected to reach NZ US$76.69m by 2027.
Within the Shopping market, revenue from in-app purchases (IAP) is also expected to rise.
In 2022, IAP revenue is projected to reach NZ US$104.20k.
Additionally, paid app revenue is anticipated to reach NZ US$149.90k in the same year.
Advertising revenue, another significant source of income in the Shopping market, is projected to reach NZ US$47,480.00k in 2022.
The number of downloads in the Shopping market is also expected to increase.
By 2022, the projected number of downloads is 960.80k downloads.
Currently, the average revenue per download is expected to be NZ US$49.68.
When comparing global markets, it is worth noting that in China generates the highest revenue in the Shopping market.
In 2022, in China is projected to generate NZ US$10,100.00m in revenue.

Key regions: China, Asia, Germany, United States, South Korea

Market

Region

Region comparison

Currency

Analyst Opinion

Since the start of Apple, Inc.'s App Store in 2008 with around 500 apps, mobile apps have come to dominate the digital economy and have quickly outpaced the demand for desktop applications. As of 2021, the Apple App Store and Google Play Store had more than 5 million apps combined. Because many apps from the West are not available in China, many new app stores have emerged there. Digital lifestyles around the world now depend on adopting mobile apps, especially when it comes to social networking. The games industry has also been thoroughly transformed by the app revolution and is demonstrated by the fact that the games category is the largest and highest-grossing app category.

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.