Global Mobile Application Market By Market Place (Apple IOS Store, Google Play Store, and Other Market Places) and App Category (Gaming, Entertainment and Music, Health and Fitness, Travel and Hospitality, Retail and E-Commerce, Education and Learning, Social Networking and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Mobile Application Market
Rapid digitization of economies especially the emerging ones such as India and China, growing proliferation of high speed internet and portable smart consumer electronics to enable the enterprises to mobilize their business processes and extend their brands for greater interaction and surge in the product offerings to the customers are the major factors attributable to the growth of the mobile application market. Data Bridge Market Research analyses that the mobile application market will exhibit a CAGR of 11.10% for the forecast period of 2021-2028. This means that the mobile application market would stand tall at a market value of USD 358211.22 million by 2028.
From the name itself, it is clear that mobile applications are the software programs that run on or are designed for smartphones, tablets, and computer tablets. Mobile applications provide the similar services to the computer based applications but in a more convenient manner. Numerous applications are available on all kinds of platforms namely android, IOS, windows and others. Clash of clans, trivial crack, make my trip are some of the examples of mobile applications.
Increased demand for high speed internet coupled with growth in the number of wireless broadband users will emerge as the major mobile application market growth driving factor. Growing adoption of advanced technologies such as internet of things, machine learning and artificial intelligence will further aggravate the growth of the mobile application market. Growth in the research and development proficiencies by small and medium scale enterprises, growing availability of low-cost data plans from telecom operators, increasing LTE infrastructure adoption and rise in the demand for gaming applications are some other factors bolstering the growth of mobile application market.
However, uncertainty of enterprises in developing their own applications will act as a growth restraint for the mobile application market. Dearth of skilled personnel or trained expertise and adequate IT infrastructure in developing and underdeveloped economies will yet again hamper the mobile application market growth rate. Also, lack of high-speed internet infrastructure in the underdeveloped regions will pose challenge to the growth of the mobile application market.
This mobile application market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on mobile application market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Mobile Application Market Scope and Market Size
The mobile application market is segmented on the basis of market place and app category. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of market place, the mobile application market is segmented into apple IOS store, Google play store, and other market places.
- On the basis of app category, the mobile application market is segmented into gaming, entertainment and music, health and fitness, travel and hospitality, retail and e- commerce, education and learning, social networking and others.
Mobile Application Market Country Level Analysis
The mobile application market is analysed and market size, volume information is provided by country, market place and app category as referenced above.
The countries covered in the mobile application market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the mobile application market and will continue to flourish its trend of dominance during the forecast period owing to the rising research and development proficiencies by small and medium scale enterprises, strong in-app consumer spending and presence of major players in the region. Asia-Pacific will however, register the highest CAGR for this period. This is because of the rising proliferation of smartphones, developing high speed internet infrastructure and surging investments on the digitization of emerging economies.
The country section of the mobile application market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mobile Application Market Share Analysis
The mobile application market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mobile application market.
The major players covered in the mobile application market report are Microsoft, IBM, Google LLC, SAP, SAMSUNG, Apple Inc., Oracle, Amazon.com, Inc., Gameloft., Practo., CultFit, Koninklijke Philips N.V., iHealth Labs Inc, AT&T Intellectual Property., Allscripts Healthcare, LLC, Qualcomm Technologies, Inc., Cerner Corporation., Doximity, Inc., Evolent Health, Inc., Perfint Healthcare, Oscar Insurance, Zest Health, athenahealth, Inc., OMRON Corporation, Nokia and Cisco Systems, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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