Weather - Canada

  • Canada
  • The Weather market in Canada is expected to see significant growth in the coming years.
  • According to projections, the total revenue in this market is projected to reach €24.54m in 2022.
  • This growth is expected to continue with an annual growth rate (CAGR 2022-2027) of 8.87%, resulting in a projected market volume of €39.36m by 2027.
  • When looking at the different revenue streams within the Weather market, in-app purchases (IAP) are projected to generate revenue of €3.61m in 2022, while paid app revenue is expected to reach €0.81m in the same year.
  • Advertising revenue is also expected to contribute significantly, with a projected value of €20.13m in 2022.
  • In terms of user engagement, the number of downloads in the Weather market is projected to reach 4.66m downloads in 2022.
  • Currently, the average revenue per download is estimated to be €5.27.
  • It is worth noting that when comparing the global market, in the United States leads in terms of revenue generation, with a projected revenue of €653.10m in 2022.
  • This highlights the importance of the Weather market in the United States.
  • Overall, the Weather market in Canada is expected to experience significant growth in the coming years, with various revenue streams contributing to its expansion.

Key regions: Asia, India, Germany, South Korea, Europe

Marché
Région
Comparaison de régions
Monnaie

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Mar 2024

Source: Statista Market Insights

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Most recent update: Mar 2024

Source: Statista Market Insights

in billion EUR (€)

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Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update: Mar 2024

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Most recent update: Mar 2024

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Most recent update: Mar 2024

Source: Statista Market Insights

Digital

Access more Market Insights on digital topics with our featured report

This report presents a comprehensive analysis and additional information on the Weather market, in a PDF format.
App: market data & analysis - Background App: market data & analysis - Cover

Market Shares

in percent

2022
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Notes: Data reflects only revenue from in-app purchases.

Most recent update: Mar 2024

Source: Statista Market Insights

Downloads

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Most recent update: Mar 2024

Source: Statista Market Insights

Analyst Opinion

Since the start of Apple, Inc.'s App Store in 2008 with around 500 apps, mobile apps have come to dominate the digital economy and have quickly outpaced the demand for desktop applications. As of 2021, the Apple App Store and Google Play Store had more than 5 million apps combined. Because many apps from the West are not available in China, many new app stores have emerged there. Digital lifestyles around the world now depend on adopting mobile apps, especially when it comes to social networking. The games industry has also been thoroughly transformed by the app revolution and is demonstrated by the fact that the games category is the largest and highest-grossing app category.

Global Comparison

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Most recent update: Mar 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenue from in-app purchases, revenue from the purchase of apps, and revenue from advertising, as well as the number of downloads for each app category.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use market data from independent databases and third-party sources, current trends, and reported performance indicators of top market players. In addition, we use relevant key market indicators and data from country-specific associations, such as smartphone users and mobile broadband connections. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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