What is In-App Purchase Market Scope?
In-app purchases can be used to sell a variety of content, including subscriptions, new features, and services. In-app purchasing refers to the buying of goods and services from inside an application on a mobile device, such as a smartphone or tablet. In-app purchases allow developers to provide their applications for free. The developer then advertises upgrades to the paid version, paid feature unlocks, special items for sale, or even ads other apps and services to anyone who downloads the free version.
Influencing Trend:
Increase in Data Usage and Internet Penetration across the Globe
Market Growth Drivers:
Increase in Smartphone Users across the Globe and Technological Advancement in Smart Phones and Rise in Use of Various Promotional Strategies and Offers such as Loyalty Programs
Challenges:
Lack of Skilled Working Professionals
Restraints:
Digital Illiteracy and Limited Digital Infrastructure and Uncertainty of Enterprises in Developing their Own Applications
Opportunities:
Addition of New Games and Ongoing Innovation in Technology and Surge in Expenditure on digital Advertisement
The In-App Purchase market study is being classified by Type (Consumable, Non-Consumable and Subscription), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global In-App Purchase market throughout the predicted period.
Apple Inc (United States), Google LLC (United States), Disney (United States), King Limited (Sweden), Netflix, Inc (United States), Rakuten, Inc. (Japan), Sony Corporation (Japan), Spotify Technology S.A (Sweden), Amazon Prime Video (United States) and ePlay Digital Inc. (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Tencent Holdings Ltd. (China) and IAC (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global In-App Purchase market by Type, Application and Region.
On the basis of geography, the market of In-App Purchase has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In August 2020, the user action that had the highest average acquisition cost in North America was making an-in app purchase. The cost to acquire an in-app buyer amounted to 74.68 U.S. dollars during the measured period. Getting users to subscribe was slightly less expensive at 64.27 U.S. dollars.
In January 2020, ePlay Digital Inc. has announced that Big Shot has been downloaded over 35,000 times and revenue increased 580% in December for iOS and Android since the Company officially launched the augmented reality fantasy sports mobile game in Toronto and Los Angeles in October.
Key Target Audience
In-App Purchase Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
In-App Purchase Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in In-App Purchase Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in In-App Purchase industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.