Utilities - Dominican Republic
Dominican Republic- The projected revenue in the Utilities market of the Dominican Republic is expected to reach US$3.78m in 2022.
- This represents the total revenue and demonstrates the potential growth of the market in the country.
- Furthermore, it is anticipated that the market will experience an annual growth rate of 10.11% from 2022 to 2027, resulting in a projected market volume of US$5.56m by 2027.
- Within the Utilities market, it is estimated that in-app purchase (IAP) revenue will reach US$2.88m in 2022.
- This highlights the significance of digital transactions and the increasing popularity of in-app purchases among consumers in the country.
- Additionally, paid app revenue in the Utilities market is projected to reach US$46.64k in 2022.
- This indicates the willingness of consumers to invest in paid applications within this market segment.
- Moreover, advertising revenue in the Utilities market is expected to reach US$850.20k in 2022.
- This demonstrates the value of advertising as a source of revenue for companies operating in the Utilities market.
- In terms of downloads, it is projected that the number of downloads in the Utilities market will reach 33.14m downloads in 2022.
- This reflects the high demand for utility-related applications among users in the Dominican Republic.
- Furthermore, the average revenue per download is currently expected to amount to US$0.11.
- This metric provides insight into the revenue generated per individual download, highlighting the economic impact of the Utilities market in the country.
- In a global comparison, it is evident that China generates the highest revenue in the Utilities market, with an estimated US$1.67bn in 2022.
- This showcases the dominance of the Chinese market in this particular industry segment.
- Key regions:
- China,
- Japan,
- Asia,
- United States,
- Europe
Definition:
The Utilities market contains apps that function as digital toolboxes. For example, storage cleaner apps help erase unwanted or unnecessary files in mobile phones. Virtual private network (VPN) apps such as NordVPN allow the user's mobile phone to be more secure and remain anonymous over networks. DuckDuckGo, an internet browser, also emphasizes privacy and anonymity while browsing the internet.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).
