AI has the potential to change the landscape of virtually every industry in the world, and that goes for app development as well with all things having been considered and taken into account. Back in 2020, just 3% of companies that were involved in the development of apps stated that they used AI in their day to day practices, but this jumped to as much as 34% by the first quarter of 2023.
With all of that having been said and now out of the way, it is important to note that AI powered apps saw a massive uptick in downloads as well as revenues due to this increase usage. Apps that leveraged AI in their designs managed to earn $20 million in total across the first quarter of 2023. This suggests a revenue increase of 396% quarter over quarter which is impressive to say the least.
App downloads in general were also on the rise, seeing a similar uptick of 375%. They totalled over 45 million installs in the first quarter of 2023, thereby indicating that AI powered apps can become more successful than might have been the case otherwise.
Unsurprisingly, the leading market for these apps turned out to be US. With revenues of over 8.3 million, over 40% of the total, apps that targeted American consumers found an enormous amount of success. They also received ten million downloads from the US alone, which comes up to a whopping increase of 550%.
India came in second, with around 6% of the total number of downloads for AI powered apps, followed by Brazil in second place. In spite of the fact that this is the case, these countries did not top the rankings in terms of revenue, since this list was mostly dominated by the US as well as the UK.
In the UK, a 5% increase in revenue led to the numbers reaching $958,000, and it won’t be long before they cross the coveted one million dollar mark. China came in third with $882,000, followed by Japan with $836,000, and Canada rounded off the top five list with $702,000. China and the UK both registered 5% increases in gross revenue, with Japan and Canada seeing a growth rate of 4%.
One thing that became clear is that AI chatbots are leading the charge because of the fact that this is the sort of thing that could potentially end up helping users get tasks completed more efficiently. An app simply named AI Chatbot which was released by Vulcan Labs performed exceptionally well, generating 9.5 million downloads and receiving over $3.3 million in gross revenue.
Microsoft is also doing quite well in this space, with its Bing chatbot getting installed 7.3 million times to secure its second place ranking. However, most of the other chatbots that saw a lot of downloads came from smaller companies like AppNation in third place, Social Media Apps in fourth place and finally ELSA in fifth place.
All in all, the presence of AI among app developers is hard to deny. It will be interesting to see how things go from here on out as more and more developers begin to utilize AI in their design and development phases.
Read next: This Report Reveals the Dangers of Second Hand Data Storage
With all of that having been said and now out of the way, it is important to note that AI powered apps saw a massive uptick in downloads as well as revenues due to this increase usage. Apps that leveraged AI in their designs managed to earn $20 million in total across the first quarter of 2023. This suggests a revenue increase of 396% quarter over quarter which is impressive to say the least.
App downloads in general were also on the rise, seeing a similar uptick of 375%. They totalled over 45 million installs in the first quarter of 2023, thereby indicating that AI powered apps can become more successful than might have been the case otherwise.
Unsurprisingly, the leading market for these apps turned out to be US. With revenues of over 8.3 million, over 40% of the total, apps that targeted American consumers found an enormous amount of success. They also received ten million downloads from the US alone, which comes up to a whopping increase of 550%.
India came in second, with around 6% of the total number of downloads for AI powered apps, followed by Brazil in second place. In spite of the fact that this is the case, these countries did not top the rankings in terms of revenue, since this list was mostly dominated by the US as well as the UK.
In the UK, a 5% increase in revenue led to the numbers reaching $958,000, and it won’t be long before they cross the coveted one million dollar mark. China came in third with $882,000, followed by Japan with $836,000, and Canada rounded off the top five list with $702,000. China and the UK both registered 5% increases in gross revenue, with Japan and Canada seeing a growth rate of 4%.
One thing that became clear is that AI chatbots are leading the charge because of the fact that this is the sort of thing that could potentially end up helping users get tasks completed more efficiently. An app simply named AI Chatbot which was released by Vulcan Labs performed exceptionally well, generating 9.5 million downloads and receiving over $3.3 million in gross revenue.
Microsoft is also doing quite well in this space, with its Bing chatbot getting installed 7.3 million times to secure its second place ranking. However, most of the other chatbots that saw a lot of downloads came from smaller companies like AppNation in third place, Social Media Apps in fourth place and finally ELSA in fifth place.
All in all, the presence of AI among app developers is hard to deny. It will be interesting to see how things go from here on out as more and more developers begin to utilize AI in their design and development phases.
Read next: This Report Reveals the Dangers of Second Hand Data Storage
