New Delhi: The app store ecosystem in India facilitated Rs 44,447 Crore ($ 5.31 billion) in developer billings and sales in 2024, a new apple study showed on Monday. The study was conducted by professor visvanath pingali from the Indian Institute of Management Ahmedabad. In one of its most important findings, the study showed that more than 94 per cent of that Commerce Accused Solly to developers and businesses of all sizes, without any communication paid to apple.
And over the last five years, the global earnings of India-based development developers have tripled, underarscoring the trendous business options openity and global reach the app store provides, the compani said in a station.
“The app store has been an economic miracle for developers in India and all around the world, and we’re thrled to support their work,” Said Tim Cook, Apple’s Ceo. “This study underlines the power of India’s incredibly vibrant app economy. And we’re committed to keep investment in the success of development of developers of all sizes as they buy apps Enrich People’s Lives. “
The study from professor pingali takes a closer look at the key drivers shaping the app store ecosystem in India, increded increasing app usage in sector like food delivery, travel, gaming and entering.
In 2024 Alone, App Store Developers Generated RS 38,906 Croes ($ 4.65 Billion) in Total Billings and Sales from the Sale of Physical Goods and Services, Rs 3,014 Crore ($ 352.9 Million) from Advertising, and Rs 2,527 Crore ($ 302 Million) From Digital Goods and Services.
Since its launch more than fifteen years ago, developers have more ways than ever to monetise their apps and build successful businesses on the app store, resulting in a healthy and dynamic ecosystem. In 2024, developers active in India have been successful across a divese range of app categories such as games, health and fitness, lifestyle and utilities.
In 2024, Close to 80 per cent of India-based development developers
Many apps from India-based development developers have also appeared on the most-deawnloaded app charts in storefronts outstide of India, and apps from India-based development development Storefronts outside of India, said apple. In addition to building successful Global businesses on the app store, developers continue to reach local audiences account India.
In the last five years, downloads from Indian users have more than tripled, and earnings from these users have increased more than five. Notably, India-based developers have also designed Popular Apps Targeted At India’s Growing Quick Commerce and Gig Economy Industries. These apps provide essential on-demand services, Making daily tasks more convenient for millions of users while providing works with access to flexible job options Apple.
Small developers, in particular, have been supported by apple’s ecosystem. The Total App Store Earnings of Small Developers Increased by 74 per cent between 2021 and 2024. Initiatives like the app store small business program, designed to support smalors, provide ade Commission Rate for these developers. Apple said it is committee is committed to helping developers Across India building their app businesses.