We need to say that there is no better time to develop mobile applications. According to the latest data from the mobile application research firm Sensor Tower , this sector, which had not yet appeared more than a decade ago, has grown at an incredible pace and reached record levels.
According to a new report published by Sensor Tower, consumers around the world spend $ 21.9 billion on applications in the App Store and Google Play Store in the third quarter of 2019. This is a 22.9 percent increase compared to $ 17.9 billion spent on mobile applications in the same period a year ago. Apple’s App Store managed to increase its revenues from $ 11.6 billion to $ 14.2 billion in the quarter .
The Google Play Store, on the other hand, generated $ 7.7 billion in revenue, up 24 percent from $ 6.2 billion in the same period of 2018. Although Apple generated more revenue, Google was a clear leader in total app downloads with an estimated 21.6 billion downloads in the third quarter. However, iOS application download figure was announced as 8 billion .
Sensor Tower also provided interesting information about the popularity of the application. Tinder followed Netflix, YouTube and iQIYI with the most revenue-generating applications in all stores, except games. In the most downloaded apps, TikTok, Messenger, Facebook and Instagram entered the top five, while maintaining WhatsApp leadership. Facebook has four of the five most downloaded applications.