by Ray Hayes

Mobile applications are seeing record usage both domestically and globally. According to a recent report by the app analytics firm App AnnieIt, by the year 2021, the global app economy will be worth a whopping $6.3 trillion.  The report also indicated that the number of people using app will increase from 3.4 billion to 6.3 billion by the same year. On average, mobile app users spend more than $379, “in apps across all three forms of monetization last year, or $0.80 per hour, per person. This will grow to $1,008 per user by 2021.”

I honestly can’t imagine spending that much money on a mobile app in a year but as you can see, people are already spending $0.80 per hour. Lasy year in Japan, app users generated on average $13.98 per hour and spend more than 68 hours on apps. App Annie also reports that by 2021 consumers will increase their spend by more than $139 billion or 18%.

If you are small business owner, please consider these statistics because mobile applications are generating a lot of revenue. If you are interested in learning more about the report please click here.