App - Spain

Spain

In 2022, the projected total revenue in the App market in Spain is expected to reach US$2,047.00m.
This revenue is projected to grow at an annual growth rate of 10.36% (CAGR 2022-2027), resulting in a projected market volume of US$3,579.00m by 2027.
Specifically, in-app purchase (IAP) revenue in the App market is projected to reach US$561.10m in 2022, while paid app revenue is projected to reach US$24.07m in the same year.
Additionally, advertising revenue in the App market is projected to reach US$1,462.00m in 2022.
Furthermore, the number of app downloads in the App market in Spain is projected to reach 1,665.00m downloads in 2022.
Currently, the average revenue per download is expected to be US$1.23.
When comparing in Spain to other countries, it is worth noting that in 2022, in China generates the highest revenue in the global App market, amounting to US$162.90bn.

Key regions: China, United States, Europe, Germany, Asia

Market

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Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenue from in-app purchases, revenue from the purchase of apps, and revenue from advertising, as well as the number of downloads for each app category.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use market data from independent databases and third-party sources, current trends, and reported performance indicators of top market players. In addition, we use relevant key market indicators and data from country-specific associations, such as smartphone users and mobile broadband connections. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.