App marketing platform, Adjust, has released its second global Mobile App Growth Report, in collaboration with Facebook*. Charting app growth and retention trends in 2020, the report demonstrates the extraordinary resilience of the app economy, with the strongest growth in APAC, MENA and South America. Gaming is the world’s fastest-growing vertical, led by Argentina, while India tops the charts as the fastest-growing region.
Using its own Growth Score, Adjust created a global map to highlight mobile app trends outside big, mature markets — showing app marketers where the highest growth potential can be found.
Highlights on standout verticals and regions include:
> Gaming wins globally: Following on from the findings in Adjust’s Mobile App Trends last year, games were the top-ranking vertical. This is largely due to innovative business models like hyper-casual, instantly playable games that are designed to engage with simplistic, satisfying mechanics.
> Latin America dominates gaming, as increased accessibility and growing urban populations spur rapid mobile development. Three of the top-five countries in gaming are in Latin America, with Argentina leading the pack. Vietnam, Brazil, China and Mexico round out the top five.
> India is growing the fastest, with ever-increasing mobile penetration. Education is the fastest-growing app vertical, while Entertainment is the one to watch as a highly competitive market in streaming and Over the Top (OTT) media emerges.
> Entertainment has grown rapidly, and subscriptions are the trend to watch. According to research conducted by Adjust, using Apptopia data, nearly 80% of the top 225 apps in the Google Play Store and nearly 50% of the top 225 apps in the App Store are subscription-based.
> Korea and Vietnam top the charts for ecommerce, as the two fastest-growing markets in mobile-first commerce. For Vietnam in particular, apps there have massive room to grow, building in untapped markets with eager consumers. China, Egypt and Colombia are also strong performers in ecommerce.
Andrey Kazakov, Chief Operations Officer of Adjust