For the previous years, most of the apps in Indian app store were being developed by the Chinese developers. Around 44% of the top apps used to be developed by Chinese apps development firms. But this year the popularity of the Chinese apps developers in India is getting lower as local developers are running in the market.
According to some app marketing and analytics firm like App Annie and App Flyer, 44% of the top 200 Indian apps on google play store and Apple’s app store are developed by the Indian app developers. Chinese app market in India has fallen down from 43% to 38% and the expense is being considered as the motive behind this fall.
From last year, Indian development firms has started to develop various apps like payments, news, gaming, lifestyle, health care and entertainment apps. Chinese development companies like Xiaomi, ByteDance considers India as their largest market as near about 450 million people use smartphone. Tiktok apps has recently got popularity and accumulated about 200 million of users only in India.
Xiaomi is trying to build a portfolio to compete in the apps market as they have a large smartphone market in India. It launched Mi Credit, a digital lending apps in market at the last month. It is challenging to gain traction for the companies as they need to spend much and that’s why Indian apps are being more installed. Like Indian games cost 13 Indian rupees to install at average and a financial app cost 138 rupees. That’s why Chinese financial apps are getting uninstalled.