By 2021, the mobile app economy could be worth just over $139b, according to App Annie’s forecast. That’s up considerably from the $82.2b estimated revenue for 2017, which again was up from the actual $61.8b it collected in 2016.
Breaking these numbers down by region, Asia Pacific will continue to hold the top spot, gathering over $76b in 2021, more than twice the $35.1b the Americas are expected to take. The EMEA region will take the least revenue, being responsible for an estimated $27.5b.
Looking even deeper, China will stay as the top country in the world for app downloads, with an expected 130 billion in 2021, more than twice the amount it had in 2016. India will take second place from the United States which will be placed in third, followed by Brazil and Indonesia — both more than doubling their current download numbers.
Apple’s iOS App Store will continue to be the number one app store one rthe coming five year period, with the potential to generate more than $60b in 2021. However, App Annie says that by taking all the Android application stores into account, the overall consumer spend for Android should pass iOS this year.
The data comes from App Annie’s Market Forecast report for the 2016 to 2021 period, and it can be downloaded here.