Global consumer spending on apps rises 13 pct in 2024: study


  • World
  • Thursday, 23 Jan 2025

SAN FRANCISCO, Jan. 22 (Xinhua) -- Demand for generative artificial intelligence (AI) helps drive consumer spending on apps to 150 billion U.S. dollars globally in 2024, up 13 percent from the prior year, according to an annual "State of Mobile" report newly released by app intelligence provider Sensor Tower.

AI apps saw a surge of interest over the past year. This led to an over 200 percent year-over-year increase in consumer spending in AI apps like ChatGPT, Gemini, ByteDance's Doubao, and others, bringing the total spent in the category to nearly 1.1 billion dollars in 2024, the report said.

As a result, consumers spent nearly 7.7 billion hours using AI apps in 2024, while apps mentioning "AI" were also downloaded 17 billion times in the year. ChatGPT alone reached 50 million monthly active users.

Meanwhile, finance apps retained double-digit year-over-year growth for time spent in 2024 and neared 7.5 billion downloads, up 8 percent from 2023, the report said.

E-commerce apps Temu and Shein ranked as the No. 1 and No. 2 apps, respectively, in the retail subgenre, thanks to their expansions in Europe, Latin America, and Asia.

The study includes the analysis of the iOS App Store and Google Play, but not any of the third-party app stores in other regions, according to Sensor Tower.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Trump insists US to own Gaza, Jordan king pushes back
European powers demand seat at table in Ukraine talks
Feature: Chinese-American philanthropist Angela Chen honored for bridging cultures
Over 10 injured in grenade explosion in France
Acting NASA chief says DOGE reviewing agency spending as hundreds take buyout
Chicago bracing for first major winter storm of this season
U.S. stocks close mixed after hot inflation data
Panama vessel registry says it is 'not a haven for sanctions evasion'
Trump says he may sign reciprocal tariff order on Wednesday
Chinese culture on display at Lantern Festival celebration in Jordanian capital

Others Also Read