Market (Mobile)·Updated Mar 17, 2026 by Adjust
Report · January 1, 2021
Published by Adjust
This analysis examines mobile app performance across the Asia-Pacific (APAC) region, focusing on the period from January 2019 through May 2021. The data is derived from a sample of 910 top-performing APAC-based apps and the broader Adjust dataset, covering markets including India, Indonesia, Japan, Singapore, and South Korea. The study concentrates on four primary verticals: fintech, e-commerce, hyper-casual gaming, and non-hyper-casual gaming. The findings reveal a significant surge in mobile adoption triggered by 2020 lockdowns, with regional installs growing by 31% and sessions increasing by 54% year-over-year. This momentum has largely sustained into 2021, with installs rising an additional 4% in the first half of the year. APAC currently accounts for 64% of global mobile app downloads and 60% of global mobile gaming revenue. Fintech emerged as a standout performer, seeing a 36% increase in installs in 2020 and continued growth in 2021, particularly in Singapore and Vietnam. Hyper-casual gaming also saw explosive growth, with installs rising 66% in 2020. User engagement metrics indicate that APAC users spend more time in-app than the global average, with session lengths averaging over 22 minutes in early 2021. Retention rates remained stable despite the influx of new users, with fintech maintaining the highest 30-day retention at 7.14%. From a cost perspective, the median effective cost per install (eCPI) peaked at $1.49 in early 2020 before dropping to $0.74 by early 2021. The analysis concludes that while the pandemic accelerated mobile reliance, the resulting shifts in consumer behavior are permanent, requiring marketers to focus on granular user journey data and localized optimization to maintain growth in an increasingly competitive landscape.
# Contents - Introduction. ? - The verticals.. - Industry trends and predictions.... √ - Top 3 takeaways . .5 - Methodology.. 6 - Installs . - Installs APAC Overall.. - Install growth by vertical and country .. - Installs country vs. vertical .. . 10 - Effective cost per install (eCPI)... . 14 - Paid vs. organic... .15 - Reattributions share.. . 16 - Sessions and in-app patterns.. .18 - Sessions APAC Overall.. .18 - Sessions country vs. vertical .. . 19 - Average session length.. .24 - Sessions per user per day.. .. 25 - Time spent in-app ... .. 26 - Retention rates. 27 - Partners per app. .28 - Conclusion. .29
# Introduction App usage habits and trends saw a drastic change during 2020 as people all around the world turned towards mobile for entertainment, daily tasks and necessity during lockdowns. Within the APAC region, it wasn’t just the number of sessions and installs that increased drastically, the time users spent in-app, the number of sessions they had per day, and the length of the average session also grew. In this report, we take a deep dive into mobile performance in APAC, drawing on data and industry-insights to help marketers and developers understand users’ trends in their region. # The verticals: We’re shining a spotlight on fintech, e-commerce and gaming — focusing on everything from installs and sessions to reattributions, eCPI, paid and organic ratios and the number of partners that apps in these verticals are working with. We break non-hyper casual and hyper casual gaming into two distinct verticals, as user behavior and in-app trends are increasingly divergent.
# Industry trends and predictions: APAC leads the world in mobile app download growth1 APAC accounts for $64 \%$ of global mobile app downloads2 $45 \%$ of mobile app market growth is predicted to come from APAC between 2020 and 20243 $60 \%$ of mobile gaming revenue came from APAC in 20204 By 2021, the number of mobile gamers in South East Asia will rise to 250 million 5 Fintechs from APAC attracted USD 11.6 billion across 565 deals in 20206 APAC’s e-commerce sales are expected to nearly double to USD 2 trillion by 2025 7 1 https://www.appannie.com/en/go/state-of-mobile-2020/ 2 https://www.businessofapps.com/data/app-statistics/ 3 https://www.businesswire.com/news/home/20210202006143/en/497.09-Billion-Growth-in-Global-Mobile-Apps-Market-During-2020-2024-Featuring-Key-Vendors-Including-Alphabet-Inc.-Amazon.com-Inc.-and-Apple-Inc.-Technavio 4 https://globaldata.com/60-mobile-gaming-revenue-came-apac-region-2020-led-china-35-says-globaldata/ 5 https://www.prnewswire.com/news-releases/southeast-asia-gaming-market-forecasts-2020-2025-mobile-5g-and-esports-will-drive-growth-301105474.html 6 https://ibsintelligence.com/ibsi-news/asia-pacific-records-usd11-6-billion-in-fintech-investment-report/ 7 https://www.businesswire.com/news/home/20210524005631/en/E-Commerce-Sales-in-Asia-Pacific-to-Nearly-Double-by-2025-Reaching-USD-2-Trillion
# Top 3 takeaways 1 Installs and sessions in APAC grew by $31 \%$ and $54 \%$ respectively from 2019 to 2020, and are continuing to grow in 2021, demonstrating that the industry is hanging onto users acquired during lockdown and continuing to bring new users in. 2 Almost all verticals grew in the countries analyzed — with fintech and hyper casual gaming backing up their impressive lockdown spikes with sustained growth in 2021. 3 Retention rates were very consistent throughout 2020 despite the impacts of the pandemic — in Q4, the day 30 average was $5 . 6 8 \%$
# Methodology Verticals: Fintech Gaming - hyper casual & non-hyper casual E-commerce # Dataset: A mix of Adjust’s top 910 APAC-based apps and the total dataset of all apps tracked by Adjust. Our data comes from India, Indonesia, Japan, Malaysia, Myanmar, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. # Reattributions share and paid/organic: Reattributions share and paid/organic ratio are both expressed as ratios, where X:1. In the case of paid/organic ratio, a value of 3 (3:1) would mean for every 100 organic installs there are 300 paid installs. Similarly for reattributions share, a value of 0.7 (0.7:1) would mean for every 100 installs there are 70 reattribution. # Date: 01.01.2019 - 31.05.2021
# Installs When looking at all verticals, we see installs increase by $31 \%$ when comparing 2019 to 2020. We’ve also noticed the continuation of this growth has carried on into 2021, with installs up by another $4 \%$ and growing steadily. This is impressive considering the huge H1 spike in 2020 only started occurring during the first wave of lockdowns.
The mobile app industry underwent a transformative period of growth in 2020, characterized by a 50% year-over-year increase in global installs and a total consumer spend of $112 billion. While the fintech sector led in raw install growth at 51%, the gaming industry remained a dominant force with a $165 billion valuation, driven by a 43% surge in hyper-casual downloads. E-commerce demonstrated a distinct trend toward intensified user engagement; despite a modest 6% rise in installs, the vertical experienced a 44% increase in sessions and a 58% jump in in-app transactions, signaling a shift in consumer behavior toward deeper digital integration. User engagement metrics across the ecosystem reflected this heightened activity, with overall sessions rising by 30%. Fintech and e-commerce sessions saw particularly sharp increases of 85% and 44%, respectively. Within the gaming sector, performance varied significantly by sub-genre. Hyper-casual titles relied heavily on paid acquisition and faced rapid churn, whereas non-hyper-casual games maintained superior retention, reaching median session lengths of 45 minutes by day 30. Cost structures also diverged sharply, as acquisition costs for general gaming peaked at $2.52 per install in the fourth quarter, while hyper-casual costs plummeted to a low of $0.27. Sustaining growth in this increasingly competitive landscape requires a strategic pivot from volume-based metrics to sophisticated behavioral analytics. Developers must prioritize retention rates and effective cost per install (eCPI) to refine onboarding processes and ensure long-term profitability. Success in the current market depends on a data-driven, UX-centric approach that utilizes automation and real-time measurement to navigate evolving privacy regulations, such as iOS 14. Ultimately, the path to maximizing return on investment lies in personalized marketing campaigns and a granular understanding of vertical-specific user behaviors.
The mobile app industry experienced a period of robust expansion throughout 2021, characterized by $170 billion in consumer spending and $288 billion in advertising expenditures. Despite the implementation of Apple’s App Tracking Transparency framework, the sector demonstrated unexpected resilience as global opt-in rates reached 25%, significantly outperforming initial industry forecasts. This growth was distributed across several key verticals, with fintech and gaming leading the surge in installs at 35% and 32% respectively, while e-commerce maintained steady upward momentum with a 12% increase in downloads. Fintech emerged as a primary driver of engagement, particularly within the asset management and cryptocurrency subverticals. While traditional banking and payment apps maintained the highest share of installs, crypto apps achieved record session lengths exceeding 15 minutes. This heightened engagement occurred alongside a sharp rise in acquisition costs, with effective cost-per-install (eCPI) for fintech apps more than tripling. Consequently, developers are increasingly pivoting toward subscription-based models to ensure long-term profitability and offset the rising price of user acquisition. The e-commerce and gaming sectors mirrored this trend of higher costs paired with increased user value. Although e-commerce retention rates saw a slight decline, total in-app revenue jumped by 46%, driven by longer session durations in marketplace apps. Similarly, the gaming industry saw hyper-casual titles dominate download volumes while adventure and strategy games secured deeper engagement. Across all sectors, the transition toward higher-quality user bases is evident; while it is becoming more expensive to acquire users, those who remain are spending more time and money within apps, making retention and lifetime value the critical metrics for sustained success in a maturing mobile market.
The global mobile ecosystem experienced significant expansion throughout 2021 and into 2022, characterized by record-breaking consumer spending of $170 billion and a projected ad spend of $336 billion. Despite initial concerns regarding privacy changes following the release of iOS 14.5, the industry demonstrated remarkable resilience as App Tracking Transparency opt-in rates reached 25% globally, far exceeding early market expectations. This growth was distributed across key verticals including fintech, e-commerce, and gaming, with mobile e-commerce sales alone reaching $3.56 trillion. The fintech sector emerged as a primary driver of engagement, with installs and sessions rising by 34% and 53% respectively. While traditional banking and payment apps maintain the highest market share, cryptocurrency and stock trading platforms saw the most intense user activity, with session lengths nearly doubling. However, this heightened interest triggered a sharp increase in acquisition costs, with fintech eCPIs rising from $1.05 to $3.40 over the course of a year. Similarly, e-commerce apps saw a 46% surge in in-app revenue despite rising costs and declining retention, signaling a shift where users are spending more money and time per session even as new user acquisition becomes more expensive. Mobile gaming remains the dominant force in the app economy, accounting for 52% of total consumer spend. Global game installs grew by 32%, led by the hyper-casual subvertical, though action and adventure titles commanded the highest levels of engagement and session frequency. While Day 30 retention rates for games nearly doubled to 9%, the industry faces a growing divide between high-volume downloads and long-term stickiness. As user acquisition costs continue to climb across all regions—particularly in LATAM and EMEA—the focus for developers has shifted from pure volume to maximizing lifetime value and implementing sophisticated re-engagement strategies to sustain growth in an increasingly competitive landscape.
The mobile industry experienced a historic acceleration in 2020, effectively compressing two to three years of projected growth into a single twelve-month period. Global app downloads reached 218 billion while consumer spending surged 20% year-over-year to $143 billion. This shift was characterized by a fundamental change in consumer behavior, as global users averaged 4.2 hours of daily mobile engagement, surpassing live television viewership in the United States. Venture capital followed this momentum, with investments in mobile technology rising 27% to $73 billion. Mobile gaming remained the primary economic engine of the ecosystem, contributing 66% of total spend and positioning the sector to exceed $120 billion in 2021. The global pandemic acted as a catalyst for digital-first adoption across diverse sectors, most notably in finance, streaming, and retail. Time spent in finance apps increased by 45% globally, driven by the democratization of stock trading, while video streaming hours rose by 40%. Retail saw a 30% increase in usage as social commerce emerged as a dominant trend, projected to reach a $2 trillion market value by 2024. TikTok emerged as a standout performer, experiencing a 325% increase in engagement. This heightened activity fueled a robust mobile advertising market, which reached $240 billion in spend, supported by a 95% increase in ad placements within the United States. Specific categories saw unprecedented spikes in utility, with business app usage growing 275% and health and fitness spending rising 30% to $2 billion. Leading platforms such as Tinder, PUBG Mobile, and TikTok dominated their respective metrics for spend, active users, and downloads. Furthermore, specialized platforms like Azar and SmartNews demonstrated the success of integrating artificial intelligence and real-time data to capture Gen Z and news-seeking audiences. These developments underscore a permanent shift toward a mobile-centric global economy where digital engagement is the primary medium for commerce, communication, and entertainment.