![]() As per Sensor Tower, SHAREit was included in the top 10 most downloaded applications on the play store for the first half of 2020. ![]() And it does not come as a surprise that it has witnessed great results in recent times. With SHAREit also offering a wide variety of games, makes it one of a kind holistic application. By the end of 2019, the mobile gaming market was estimated to be a $68 billion industry. People now have more time on their hands and are open to spending it on gaming applications. Gaming has also developed into a major segment in the mobile application industry. ![]() It has over 1.8 billion users globally with 72 million monthly active users in the Middle East. SHAREit, an application that was initially introduced as a peer to peer file sharing facilitator, has now been developed into a successful, all encapsulating entertainment application that not only helps the users share content but also takes into consideration the tastes and preferences of the users for appropriate content discovery. Similarly, TV was an indispensable item to fulfil their content requirements, while now, OTT platforms have taken that place. People used to read newspapers as a part of their morning routine but now they just swipe through a few applications to get informed. With the world in the midst of an unprecedented crisis, the popularity of digital entertainment has only risen. One of the key factors for this growth has been the development of mobile applications to fuel the entertainment requirements of the consumers. According to a report, the global mobile application market was valued at $106.27 billion in 2018, and is projected to reach $407.31 billion by 2026, growing at a CAGR of 18.4% from 2019 to 2026.Īs per the latest App Annie report, in 2019 alone, mobile applications witnessed a total of 204 billion downloads worldwide with consumers spending approximately 3.7 hours on mobile applications per day. 1, 2020 /PRNewswire/ - Multi-utility applications like SHAREit have been developed to satisfy users every requirement be it gaming, file sharing or content consumption.
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