Institutions: Annual AI app downloads and in-app purchase revenue will increase by 60% and 70% respectively in 2023

According to the latest report from Sensor Tower, global non-gaming mobile app revenue will still grow steadily in 2023, reaching $53.1 billion, and revenue is expected to reach $61.2 billion in 2024. 80 apps generated more than $100 million in annual in-app purchases, an increase of 23% over the previous year. “Snapchat”, “Spotify”, “CapCut”, “PictureThis”, “GoodNovel” and other in-app purchases in the app store revenue growth is outstanding, exceeding $100 million for the first time. At the same time, the annual downloads and in-app purchase revenue of AI apps increased by 60% and 70%, respectively, to more than 2.1 billion and $1.7 billion.

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