Report: App-Install Ads to Generate $5.5 Billion in Revenue This Year
According to a new report from Business Insider Intelligence, app-install ads will likely generate $5.5 billion in revenue for the mobile development industry this year. By 2020, total revenue could top $7 billion. In 2015, app-install ads accounted for 25 percent of U.S. mobile ad revenue, and 80 percent of developers planned to increase their spending on these types of ads.
"Delivering the right product to the right audience at the right time in this environment is imperative to the success of any app," said BI Intelligence. "The challenge of marketing an app effectively has made app-install ads ... an essential tool for developers seeking to stand out in the Google Play and Apple app stores. This is why it's not surprising that more marketers are using paid channels to drive downloads than ever before."