Source: The Guardian
In 2019, sector was larger than entire gaming industry combined, report finds The vast majority of money spent on mobile app stores went to games, according to a report, as did the majority of time spent on phones, and the majority of advertising revenue. In 2019, more than $86bn (£66bn) was spent on mobile gaming, making the sector larger than the entire rest of the games industry combined. That revenue represented 72% of all App Store spend, according to data from the analytics firm AppAnnie, in its State of Mobile 2020 report. Ride-sharing apps, where the UK has the most concentrated market among those analysed, with Uber taking the vast majority of business. The possibility of the company losing its license to operate in London, however, combined with the recent entry of incumbents such as Kapten and Bolt, could change that, Barnes suggested. Monzo, which had the highest year-over-year growth in downloads of any finance app in the UK. In most countries, the “breakout” finance apps provided single-service feature sets, from payments to security, but Monzo, as a fully-featured bank, points to Britain’s mature fintech ecosystem.