TikTok continues growth path
In 2020, TikTok nearly tripled in active users since 2018. And this growth is set to continue into 2021 as App Annie predicts that the popular short-form video app will achieve the one billion user mark to reach 1.2 billion next year.
During Q3 2020, TikTok was the number two for non-gaming in-app consumer spending. It shows just how engaged the app’s user based it.
TikTok uses ads to monetise the app, but also allows users to purchase gifts and tip creators.
Mobile support at-home
App Annie expects the working from home trend to continue well into 2021, which means that we will continue to rely on our mobile devices. Business and education apps are predicted to a 4-year CAGR of 57%, led by video conferencing tools like Zoom.
M-Commerce continues to dominate how we shop with food delivery apps at the forefront of how restaurants conduct business.
Other notable app categories that will benefit from the trend include finance and fitness apps.
Mobile ad spend to reach $290 billion in 2021
Because more people are using their mobile devices during lockdowns, ad placements grew 70% during H1 2020. App Annie expects mobile ad spending to reach $290 billion next year, with a large share coming from m-commerce retailers.
Consumers to install up to 85% more video streaming apps
The video app trend continues well into 2021. App Annie predicts that streaming apps like Disney+ and Co will see some strong growth next year.