As the app ecosystem continues to grow at an unprecedented rate and more services begin to migrate to the digital world, it’s more important than ever for companies to manage average app rating and user reviews to maintain a clean and positive reputation to stand out against competitors while ensuring brand loyalty and customer retention. However, most teams are rarely communicating with users who leave reviews on the stores, on average, only 10% of reviews on the Google Play Store and 22% of those on the App Store receive a response (falling flat compared to industry standards, gaming apps receive an average response rate of 8%). Not only are these brands not responding to reviews, but they also aren’t keeping track of customer sentiment or feature requests from real users. As a result, users may not feel heard nor invested in the app.

“2020, and 2021 so far, have been defining years for many apps and categories in the app stores,” said Anatoly Sharifulin, Founder and CEO of AppFollow. “Now more than ever, consumers are looking to friends and families for recommendations on what brands and services to use. With this comes the increased importance of reviews, and the future of apps is limitless if brands can understand the needs and wants of consumers.”

In addition to the gaming industry, finance is an extremely competitive category, with the explosive popularity of amateur trading, the rise of neobanks, the migration of traditional banking into digital services, and pension & fund management becoming digital-friendly.  AppFollow’s data shows that finance has the largest number of apps (38) in the top 50 category out of any other category on the Google Play Store. Financial apps also have higher response rates (25%) on average when compared to other categories, and are very quick to respond to reviews, taking only 0.8 days.

The following key points highlight additional stats:

• Even in the age of e-commerce, Shopping apps show lowest response rate recorded at 4% and take an average of 6.8 days to respond
• Auto & Vehicles is the worst rated category on average for the Google Play Store, while Entertainment is the worst rated category on average on the App Store
• 77% of people read at least one review before downloading an app, with 100% of users browsing on the stores that discover an app will see the average rating

“With 39.9% of people uninstalling apps due to lack of use, it’s no surprise that if customers aren’t feeling heard or seen, they will lose their connection to the brand and, therefore, uninstall the app,” said Sharifulin.

On a mission to help businesses build better products, AppFollow was founded by a group of mobile product experts aimed at resolving the daily challenges faced by digital product teams. Unlocking qualitative details about quantitative data, AppFollow links back to essential business metrics through analysis of launches, reviews, reply rates and more.