The revenue in the 'Social Networking' segment of the app market in the Czech Republic was forecast to continuously increase between 2023 and 2027 by in total 38.3 million U.S. dollars (+27.97 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 175.23 million U.S. dollars and therefore a new peak in 2027. Notably, the revenue of the 'Social Networking' segment of the app market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
The Social Networking market contains apps that allow its users to stay connected and up-to-date about the lives of family and friends. Most of these are communication apps that attempt to outperform the others in terms of reliability and video quality, and each app boasts its unique features. For example, Signal emphasizes privacy and guarantees that sensitive personal information will not be shared with third parties. Facebook has the largest social media network and has developed the most advanced algorithms to understand its users and their relationships.
Additional Information:
We consider three different sources of revenue:
Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
Paid app revenue from the one-time purchase of an app
Advertising revenue obtained from showing ads within an app
Our statistics include the revenue earned by developers and also the revenue earned by stores through commissions.
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Statista. (October 20, 2023). Revenue of the social networking market in Czechia from 2018 to 2027 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1286400/social-networking-revenue-in-czechia
Statista. "Revenue of the social networking market in Czechia from 2018 to 2027 (in million U.S. dollars)." Chart. October 20, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1286400/social-networking-revenue-in-czechia
Statista. (2023). Revenue of the social networking market in Czechia from 2018 to 2027 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1286400/social-networking-revenue-in-czechia
Statista. "Revenue of The Social Networking Market in Czechia from 2018 to 2027 (in Million U.S. Dollars)." Statista, Statista Inc., 20 Oct 2023, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1286400/social-networking-revenue-in-czechia
Statista, Revenue of the social networking market in Czechia from 2018 to 2027 (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1286400/social-networking-revenue-in-czechia (last visited September 20, 2024)
Revenue of the social networking market in Czechia from 2018 to 2027 (in million U.S. dollars) [Graph], Statista, October 20, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1286400/social-networking-revenue-in-czechia