In-App Purchases From Mobile Gaming Apps To Grow At CAGR Of 10% by 2025
In-App purchases from mobile gaming apps is the most lucrative revenue stream for mobile gaming as evidenced by the segment passing the $100B mark in 2020.
The stream is projected to sustain this impressive growth in 2021 and hit an even more impressive figure by the year 2025.
According to data presented by Safe Betting Sites, revenue from in-app purchases is projected to grow to $133B in 2021 and grow by a compound annual growth rate of 10% in the next four years, reaching $195B by 2025.
Revenue From In-App Purchases Continues Growth In 2021 After Big 2020 – 22.1% YoY Growth
appRevenue from In-app services surged in 2020 experiencing an almost 35% YoY growth. This saw mobile gaming apps’ most lucrative stream reach a milestone in that it broke the $100B revenue mark for the first time. In 2021, further growth is expected to be at 22.1% with revenue projected to reach over $133B.
Projections for the short-term future of the revenue stream also bodes well for the mobile apps industry. Revenue from In-app purchases is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.07% from 2021-2025, reaching $195.6B.
Number Of Downloads Reaches 100B Milestone
The number of mobile gaming app downloads is also expected to breach an important milestone in 2021 as it breaches the 100B download mark. It is estimated that by the end of 2021, 116B gaming apps will have been downloaded. The number of downloads is expected to grow at a substantial CAGR of 9.23% in the four-year period from 2021-2025, reaching over 165B downloads by the end of the forecast period.
Rober Pascal, eSports editor at Safe Betting Sites, commented:
“Mobile gaming is the most lucrative segment of gaming and looks set to capitalize on the momentum built from 2020. Expect downloads to keep on rising in the coming years and in turn, revenue.”