The Google Play Store is one of the key players in the digital redistribution market; it hosts a myriad of apps and serves billions of clients across the globe. Due to its wide range of use cases, it is applicable in different categories, including Productivity, Social, Entertainment, Business & Finance, Health & Fitness, Travel, etc. In case you belong to the android app development team of an android app development company or are planning to hire an android app developer, then it will benefit you to stay updated with the statistics mentioned above and with the latest trends as well.
Being aware of these indicators can open up deeper context into the overall market, users’ behavior, and future opportunities. Check the selected 20 essential Google Play Store facts for the year 2024 below.
Many of these data are not only informative of the current condition of the platform, but can also provide estimates on the directions for the evolution of app development and distribution. Over time, such specific data points provide a deeper understanding to developers and the businesses to provide the best strategies and market focus in this competitive market.
1. Total Number of Apps on Google Play Store
Wondering how many apps in google play store are? The first years of the 2020s witnessed robust mobile app downloads, and to date, that is early 2024, the Google Play Store has about 3. 3 million apps. When it comes to the extensive variety of apps displayed within this figure, this speaks great about the sustainability of platform, which indicates that there are new apps being developed for the platform to continuously accommodate different needs of users.
2. Apps Released Per Week and Month
Every month, newly published apps of Google Play Store averages are approximately 52000. It also reflects the constantly evolving nature of the Android app market which is indeed full of prospects for developers to bring novelties into the field.
3. Projected Mobile App Downloads by 2026
The mobile apps that are anticipated to be downloaded in the future by the year 2026. The following year, 2022, it is expected that mobile app download through Google Play Store will be around 119.9 billion, and by the year 2026 it will reach 142.7 billion. In recent years, the utilization of apps has dramatically grown across the population, especially concerning mobile app use.
4. Apps With 4 or Above Ratings
To the present time, approximately one hundred and fourteen thousand, four hundred and fourteen applications on Google Play were rated 4 on average. 5 stars or higher. This answers on google play store, how many apps are rated 4 or above? High ratings are a key success factor for the application as they reflect the satisfaction of the users, as well as the quality of the app and this is an essential factor that promotes the downloads of the app and the engagement of the users.
5. Estimated Spending on Google Play Store
They revealed that the consumer spending through Google Play Store was projected to hit $55. 5 billion in the year 2024 from $50, hence making it a worthy investment. 5 billion in 2023. The expansion of this growth demonstrates how the platform adds to the economy and how lucrative creating apps can be.
6. Price Distribution of Apps
According to the properties of apps in Google Play StoreinMarch 2024, there were more than 34000 applications with theprice of less than $1, and approximately 25000 apps with price ranging from $1 to $2. A low subscription price plays a role in the availability of access and usage of the store to enable users discover many apps without draining their pockets.
7. Prevalence of Free Apps
It is utterly fascinating that about 97% of apps are available in the Google Play Store; most of which are free. The high percentage of the totally free applications, which have additional web revenue generation methods, such as, for instance, applications monetization through the tools like in-application purchases, defines high traffic rates and usage of such apps.
8. Market for Paid Apps
Currently, in the google play store, there is approximately 3% apps paid. Nonetheless, the few individuals who pay end up using the application a lot, in the process paying lots of money for the applications especially if they are offering special or superior services.
9. Global Reach of Mobile Users
It is estimated that by 2025, the world user count of mobile devices would be around 7. 49 billion. Mobile internet services and Smartphones’ popularity supports this growth strengthening the market for android apps.
10. App Availability
The Google Play Store today has approximately 2. 43 million applications. Half of app usage across all users is for work-related purposes, while others are for leisure, learning, or other various interests.
11. Leading Downloaded Apps
According to the number of downloads in the first quarter of 2023, Instagram occupied a leading position in the ranking of applications for Android, with a total of 69.75 million downloads per month in June 2023. Facebook came closely behind with about thirty-eight percent. 5 million downloads, making social media apps the category that conquered the most during this period.
12. Popularity of Gaming Apps
Casual gaming applications are still ever present and can be considered to be an important segment of Google Play Store. For example, the popular game, Subway Surfers, got over 12. This indicates that in June 2023, the applications have attracted 8 million downloads, and the gaming segment is a key area that demonstrates engagement from users and the ability to generate income.
13. Gender Distribution Among Game Players
It is interesting to note, that according to the data, about 49 percent of the gamers that use the Google Play Store are women. It is particularly important to emphasize the necessity of developing games for players with different abilities as the gamers’ disability rate is as high as 19%.
14. Google Play Protect
Google Play Protect is a crucial security feature integrated into the Google Play Store, designed to enhance the safety and security of user devices. This feature runs approximately 125 billion scans daily to check for unwanted applications, malware, and other security threats. By continuously monitoring installed apps and those available on the Play Store, Google Play Protect helps in identifying and eliminating harmful software. It not only scans apps at the point of download but also conducts periodic checks on installed apps, ensuring that devices remain free from potential threats and providing users with a safer app ecosystem. This proactive approach plays a significant role in maintaining user trust and the overall integrity of the Google Play Store.
15. Geographic Availability
Currently, the Google Play Store app can be accessed in a total of 190 countries, thus proving the app has a global presence. The widespread distribution guarantees Android app’s adaptability towards multiple target markets and cultures, thus enabling the developers to cater to an international audience.
This expanded global outreach not only contributes to a potentially larger population for app developers’ target audience but also provides a sense of equity where people in different areas of the world can now not only gain from the entertaining and useful apps in the Android market but also have something they can contribute to.
With its extensive coverage the Google Play Store is one of the biggest platforms for those who hire android app developer or an android app development company to work with to produce apps that will be helpful to people around the world.
16. Revenue from In-App Purchases
Downloads of free applications are proving to be popular with consumers, as a staggering 98% of app revenues are realized from free apps through in-app purchase. This monetization model provides the users with the opportunity to enjoy the apps without paying for them but the developers get to make money from the sale of the features that won’t be available for free.
17. User Spending on Apps and Games
According to the figure provided in the next year 2023, the total expenditure by users on apps and games downloaded from Google Play amounted to roughly 470 billion U.S. dollars. This figure shows awareness of the high potential for the online store to substantially contribute to the economy particularly to the app development sector.
18. High-Rated Apps
Mobile applications that receive good rates or recommendation scores are likely to garner more downloads and achieve higher customer retention. It is therefore important that quality and user satisfaction are provided for the Apps to be successful.
19. Trends in App Development
The niche charts for app downloads and spending demonstrate the kind of app progression that can remain consistent over months that need innovations in app development. For developers, this means, it is critical to keep abreast with the prevalent trends and available tools and technologies.
20. Importance of App Optimization
App Optimization to have efficient and useful performances is among the factors that can make or break an application’s success. The review shows that keeping users’ satisfaction and engagement high in the process is important by updating the website regularly, its efficient design, and successful advertisement.
Conclusion
The role and importance of the Google Play Store is unchallengeable and has to be noticed, because of its huge coverage and indispensable influence in the world of mobile applications. This means that for any business aspiring to take advantage of this market, outsourcing the development of android apps from a reliable company can be a key factored in determining success.
As a leading technology company, Owebest Technologies deliver an app development services in the light of optimization and makes the business dreams of its clients a reality. That is why it is still important for companies to hire android app developer to design and develop their apps and it can help them become more success in Google Play Store. When you are in the process of availing Android app developer services or need full-service android app development company, going with Owebest Technologies will help you take the right step.
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