Expected Evolution of On-Demand App Monetization in 2024
In today’s fast-forward tech industry, mobile apps are experiencing exponential growth. App innovators are continuously launching and releasing groundbreaking applications that enhance the convenience and enjoyment of mobile users worldwide. January 2024, the Apple App Store boasted approximately 1.8 million downloadable apps, while the Google Play Store offered nearly 2.4 million apps for users to access. Despite this vast array of options, statistics indicate that the typical app generates a mere $1.79 in revenue on average. As per the survey, every single person spends approximately 5.4 hours per day on their smartphone, underscoring the increasing reliance on mobile apps for various tasks and entertainment. As a result, developers are diligently exploring new ways to generate revenue from the apps they develop and finding an optimized strategy to capitalize on user engagement In this guide, we explore insightful on-demand mobile app monetization concepts and forecast eme...