MONETIZATION STRATEGIES FOR MOBILE APPS IN THE CONDITIONS OF BUSINESS DIGITALIZATION
Keywords:
Monetization Strategy, Mobile Application, Business Digitization.Abstract
The work is devoted to the systematization of mobile application monetization strategies in the context of business digitalization. Common features of the strategies were identified, which allowed to classify them. Based on the definition of the key characteristics of the research area (payability and predictability of results), a matrix of application monetization strategies was built. The use of the developed matrix will make it possible to reasonably approach the choice of strategy taking into account the existing limitations, as well as to determine a balanced set of strategies to achieve maximum efficiency.
References
Єрешко Ю.О., Черненький А.Ю., Матковська Ю.В. (2017). Пошук оптимальної моделі монетизації мобільних додатків. Економічний вісник НТУУ «Київський політехнічний інститут». №14(2017). С. 1-12. DOI: https://doi.org/10.20535/2307-5651.14.2017.108991.
Ailie K. Y. Tang. Mobile App Monetization: App Business Models in the Digital Era: International Journal of Innovation, Management and Technology (2016). Vol. 7, No. 5 Available at: https://www.ijimt.org/vol7/677-MB00017.pdf (accessed 12 January 2023).
Distribution of free and paid Android apps in the Google Play Store from June 2019 to January 2023. Statista (2023). Available at: https://www.statista.com/statistics/266211/distribution-of-free-and-paid-android-apps (accessed 12 January 2023).
Grazia Cecere, Fabrice Le Guel, Vincent Lefrere. Economics of free mobile applications: Personal data as a monetization strategy (2018). Available at: https://project.inria.fr/iotics/files/2019/07/Economics-of-free-mobile-applications-Personal-data-2018-Cecere-Le-Guel-Lefrere.pdf (accessed 12 January 2023).
Gil Appel, Barak Libai, Eitan Muller, Ron Shachar. On the monetization of mobile apps: International Journal of Research in Marketing (2018). Available at: https://www.sciencedirect.com/science/article/pii/S0167811619300473 (accessed 12 January 2023).
How to Monetize an App: 7 Best Mobile App Monetization Strategies With Examples Available at: https://inoxoft.com/blog/how-to-monetize-an-app-7-best-strategies-examples/ (accessed 12 January 2023).
Lata Gohil. Mobile App Monetization: Issues and Challenges: International Journal of Engineering Technology, Management and Applied Sciences (2015). Available at: https://www.researchgate.net/publication/321705158_Mobile_App_Monetization_Issues_and_Challenges (accessed 12 January 2023).
Mobile app consumer spending worldwide from 2022 to 2027, by store. Statista (2022). Available at: https://www.statista.com/statistics/747489/annual-consumer-spend-mobile-app-by-store/ (accessed 12 January 2023).
Mobile app market value worldwide in 2022, by monetization method. Statista (2022). Available at: https://www.statista.com/statistics/1385303/app-market-global-value-by-monetization/ (accessed 12 January 2023).
Number of mobile app downloads worldwide from 2016 to 2023. Statista (2023). Available at: https://www.statista.com/statistics/271644/worldwide-free-and-paid-mobile-app-store-downloads/ (accessed 12 January 2023).
Share of revenues generated from subscriptions from mobile app users worldwide in 1st quarter 2022. Statista (2022). Available at: https://www.statista.com/statistics/1320797/apps-subscription-revenues-share/ (accessed 12 January 2023).
Top 10 Mobile App Monetization Models. Available at: https://www.bornfight.com/blog/how-to-make-money-with-your-mobile-app-top-10-app-monetization-models/ (accessed 12 January 2023).
Top 7 mobile app monetization models. Available at: https://www.businessofapps.com/insights/top-7-mobile-app-monetization-models/ (accessed 12 January 2023).
Top 9 ways to monetize your app in 2023 and beyond. Available at: https://adapty.io/blog/mobile-app-monetization-strategies/ (accessed 12 January 2023).
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Володимир Волобоєв

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.