the app economy is growing!

Mobile is more mainstream than ever, and businesses from all industries are relying on this channel to bolster existing revenue streams and unlock new ones. 2021 is set to be another banner year for the app ecosystem. In addition to key platform innovations and continuing growth of mobile-first companies, more companies from traditional industries realize that mobile is no longer an optional investment.

2020 accelerated mobile adoption as consumers used their mobile devices to connect, work, learn, play and escape despite COVID-19 restricting their way of life. Consumers spent $143 billion on mobile apps in 2020, an increase of 20% from 2019. Top markets driving this spend included China, United States, Japan, South Korea and the United Kingdom.

  • Time spent on mobile surged: 4.2 hours were spent on Android which amounted to 3.5 trillion hours, up by 20% and 25% respectively from 2019
  • Mobile gaming remains unrivaled: This sector is on track to surpass $120 billion in consumer spend in 2021 which will capture 1.5x of the overall gaming market
  • Time spent crossed generations: In the US, Gen Z, Millennials and Gen X/ Baby Boomers spent 16%, 18% and 30% more time per user YoY in their most-used apps
  • Social networking apps take center stage: Time spent per user increased by up to 325% YoY. TikTok is on track to hit 1.2 billion monthly active users in 2021 as consumers look to stay connected as well as entertained
  • Mobile fuels the ad industry: In 2020 ad spend grew to $240 billion up by 26% from 2019
  • Funding remained strong: $73 billion was invested in mobile companies up by 27% from 2019

source: App Annie

Read the full report here:

we are growing too!

Since it was founded in 2014, woowoogames has seen incredible growth year after year. 2017 will be no different with a projected revenue growth up 86%.

2015 Revenue Growth 37%
2016 Revenue Growth 63%
2017 Projected Revenue Growth 86%

Our projected growth is based on the variety of incredible new product offerings scheduled for release throughout 2017 including our new woowoogames marketplace, new mobile games, game and app templates, back-end mobile technologies and a exciting update to our casino game room/sweepstakes cafe software.

our revenue models…

  • Freemium mobile apps monetized through In App Purchase (IAP) and click to install interstitial & video ads
  • Mobile game and app templates source code and server side software
  • Desktop casino game room/sweepstakes cafe gaming solutions
  • Custom native mobile app programming, development and design services
  • Custom business software solutions
  • Infrastructure architecture and hosting services
  • Digital marketing consulting services

no more bets…

For information regarding investment opportunities in woowoogames products and services please contact us by phone at +1 706 406-4263‬ or email us below.

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