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India’s app market is booming — but global platforms are capturing most of the gains

CN
CitrixNews Staff
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India’s app market is booming — but global platforms are capturing most of the gains

India’s mobile app market is generating record revenue, with in-app purchases crossing $300 million in the first quarter, up 33% year-over-year, according to Sensor Tower — but much of that spending is flowing to global platforms.

Non-gaming apps were the main driver of growth in Q1, generating over $200 million in in-app purchase revenue — rising 44% year-over-year and increasing their share of overall spending, Sensor Tower said in its report. The gains were led by categories including utilities, video streaming, and generative AI.

Originally reported by TechCrunch