The app advertising market is expected to grow 136 percent from $27.1 billion in 2017 to $64.1 billion in 2020, according to a new market research study by AppsFlyer, a mobile attribution company.
The report projects that marketing spending will grow at an average year-over-year rate of 34 percent. Growth will gradually decrease as the market matures, but it will be sustained by substantial increases in media costs and mobile usage, as well as the number of paid campaigns, apps available, and mobile users overall, AppsFlyer said.
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