Social media, entertainment apps record highest growth

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In 2023, mobile app store spend hit a new high at $171 billion (Sh27.1 trillion). PHOTO | SHUTTERSTOCK

Social media and entertainment apps recorded the highest consumer usage and spending in 2023, as the mobile apps market rebounded after a year-long slowdown in 2022, a new report now shows.

The State of Mobile 2024 report published by mobile analytics platform data.ai, now pegs the value of the global mobile app economy at $500 billion (Sh79.2 trillion in current exchange rates) and predicts ‘a record-breaking year’ for app developers in 2024.

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Note: The results are not exact but very close to the actual.