Games Represent 85% of Mobile App Revenue
Games generated approximately 85 percent of app market revenue in 2015, representing a total of $34.8 billion across the globe, says App Annie. “We expect the games category to grow to $41.5 billion in 2016 and $74.6 billion in 2020 thanks to strong monetization in mature markets, especially China's tier-one and tier-two cities, as well as Japan and South Korea,” App Annie says.
Revenue from other apps is expected to grow even faster, from $6.3 billion in 2015 to $9.4 billion in 2016 to $26.4 billion in 2020, principally on the strength of subscription-based revenue models.
Music streaming, video streaming and dating apps have become major revenue drivers in these markets, says App Annie.