The use of mobile apps continued to expand in 2020
Under the cloud of a global pandemic, millions of people chose to download apps for shopping and entertainment purposes. According to TechCrunch, “mobile app downloads grew by 7% year-over-year to a record 218 billion in 2020. Meanwhile, consumer spending grew by 20% to also hit a new milestone of $143 billion.”
TechCrunch notes that “Consumers also spent 3.5 trillion minutes using apps on Android devices alone, the report found.”
The massive and rapid shift to mobile apps, mobile gaming and mobile commerce has opened up new channels for brands to not only advertise, but to sell their products direct to consumer.
TCI Entertainment, a mobile gaming and commerce company, has a patented technology that could bridge gaming and commerce into a multi-trillion dollar industry. Learn more about TCI Entertainment HERE
Read the whole TechCrunch article HERE