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State of the mobile world The real world is in turmoil, but the mobile ecosystem is in fine fettle. Paul Skeldon takes a look the latest data from Data.ai to assess the high points from 2023 and what mobile marketing, gaming, commerce, app use and AI have in store in 2024 – and where the next raft of oppor tunities may lurk << THE MOBILE MARKET OVERALL
The global mobile market is booming, set to be worth $533bn overall in 2024, with app store revenues generating $171bn and mobile advertising a staggering $362bn worldwide. Mobile gaming leads the way, although growth has slowed, and continues to lead the gaming sector. Non-gaming app spend has rebounded 11% in 2023, thanks to streaming and UGC. Meanwhile, consumers are shifting their spending to social media, with TikTok out in front. And, as if it needs saying, AI is everywhere.
MOBILE AD SPEND >>
Mobile will continue to take a larger share of the advertising wallet as more time than ever before is spent in apps. Total hours will reach 5.1 trillion in 2022 on Android phones alone. Ad spend growth will bounce back a bit from the slower growth in 2023, though it will remain below the rates seen between 2019 and 2022. YouTube and TikTok continue to gain consumer attention and outpace to social networks by average time spent per user.
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AI: THE 2023 BREAKOUT
Generative AI, data.ai’s latest addition to its App IQ taxonomy, emerged as one of the fastest growing genres of 2023. AI Chatbot apps really took off in the later part of the year with the launches of ChatGPT and Character AI and adoption has remained strong since. Consumer spend also continued to climb throughout 2023 after huge growth earlier in the year. Many top apps like ChatGPT include subscription offerings to unlock additional features. The AI popularity was fairly global, though the genre did not rank among the top five breakout genres in several Asian and Middle Eastern market including China, Japan, Saudi Arabia, and Turkey.
FOR MORE INFORMATION This is an extract from the latest State of Mobile 2024 report from Data.ai Request a demo here https://www.data.ai/en/go/contact-sales
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