Studies have revealed that Google Play Store app installs will reach 139 billion by 2024, and mobile apps are expected to generate over $935 billion in revenue by 2023 (by Sensor Tower). According to App Annie, revenues spent on apps reached a record-high $34 billion in consumer spending and 36 billion in downloads. As the world’s appetite for apps grows, the app market continues to expand, enjoying a record-breaking quarter in Q3 of 2021.
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