A new report says Nepal has a mobile app industry that’s far behind the global average and far behind India’s.
The report, released Thursday by the World Economic Forum, is titled The World’s Mobile Apps Market by Industry.
The report, which looked at more than 40,000 mobile apps from more than 150 countries, found that Nepal’s mobile app market is still very small compared to India’s or other emerging markets.
While the report said it was one of the fastest growing mobile apps markets in the world, it’s actually in the second place behind only the United States.
In its report, the group found that mobile apps in Nepal have an average daily revenue of $3.16 billion, compared to $5.24 billion in India and $13.96 billion in China.
It added that while Nepal has one of Nepal’s fastest growing cities, the country is still lagging behind other regions in terms of mobile app revenue.
Nepal’s mobile apps have grown from less than 1,000 in 2008 to more than 4 million in 2015, according to the report.
The country’s mobile market has also grown significantly in recent years.
According to the study, mobile apps accounted for only 3 percent of Nepali digital ad sales in 2016, compared with more than 10 percent in China and nearly 20 percent in India.
It also said that in 2016 alone, about $2.7 billion of Nepalis digital ad revenue came from mobile apps, and more than half of it came from Nepal.
In 2016, the Nepal government launched a campaign aimed at attracting and retaining talent, with about $300 million spent on the campaign, according the report, though it’s unclear if the program has been fully implemented.
The country’s economy has also experienced significant growth, with the economy growing at about 3 percent in 2016 and 5.5 percent in 2017, the report found.