India a World Leader in App Store Revenue: Survey

India is predicted to top app revenue charts by 2020, with 20.1 billion app downloads. The prediction has been done by popular app data and insights company AppAnnie. If it happens, it would be a 92% increase from 2016.

In the last 2 years, total app download rate and in-app time has doubled up compared to the first quarter of 2014. AppAnnie’s prediction also includes Brazil, Argentine, Mexico, and Indonesia in 2nd , 3nd , 4th and 5th positions respectively. At the same time, app revenues in more mature markets such as Japan, US and Western Europe will still comprise 2/3rd of the total app revenue.

According to the report, by 2020, the global app market will grow to $102million.

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