Mobile Applications Market New Era Of Industry and Forecast 2021 – 2031 With a CAGR of 12.4%

The global mobile applications market is currently valued at US$ 112.6 Bn, and is predicted to reach a worth of over US$ 307 Bn by the end of the forecast period (2021 – 2031). The market is projected to rise at a CAGR of 12.4% over the next ten years.

Leading players operating in the global mobile applications market are

  • Company Share Analysis
  • Key Players
  • Google Inc.
  • Microsoft
  • CA
  • Cognizant
  • Hewlett Packard Enterprise Development LP
  • SAP SE
  • China Mobile Limited
  • Samsung Electronics Co., Ltd.
  • Apple Inc.
  • Opera Software
  • Others

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Of these, Google accounted for the major share of 41% in 2021 and led the Android-based mobile applications segment, while Apple Inc. accounted for the substantial share of 21% in the global market in the same year, finds Persistence Market Research.

These leading players are focusing on strategic acquisitions and mergers, and bringing in technology advancements in their offerings, in order to consolidate their shares in various regions.

A number of prominent players are adopting competitive pricing strategy, in a move to get a better foothold in the market. Of all the various end-use segments, the games segment is anticipated to hold a significant share during the assessment period and is estimated to contribute almost 1/2 share in the global market.

mobile-applications-market

The various regional markets for mobile application are North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Of these, presently, APAC dominates the global market and is expected to retain its lead throughout the assessment period. This regional market accounts for a global share of 33.5% in 2021.

Next-Generation Telecommunication Technologies to Boost Market

Rising disposal incomes in several developing nations and the constant advancements in telecommunication technology are key factors driving the market. The rising spending of urban populations on mobile applications in various developed economies and the substantial demand for mobile devices are key factors fueling the mobile applications market in these regions.

A burgeoning m-commerce industry in various developing and developed regions are key factors accentuating the market. The rising internet penetration and the vast increase in social media subscriptions worldwide are notable trends bolstering the demand for mobile applications.

The rising adoption of next-generation telecommunication technologies such as long-term evolution (LTE) and 5G is a key factor expected to open up promising avenues for market players. The vast rise in electronics manufacturing sector in a number of emerging economies is a notable trend anticipated to stoke the demand for mobile applications.

Furthermore, the demand for more automated application in the area of gaming world over is a key factor expected to catalyze the growth of the market.

Integrated and Smarter Mobile Apps to Create Lucrative Avenues

In recent years, the market has witnessed a surge in strategic investments by prominent technology players and electronics companies for expanding the in-house production of their application processors. This is on account for the strategy for differentiating their offerings from their competitors and is motivated by the move to maintain a sustained market share.

For instance, native ecommerce apps offer the benefits of personalized shopping experience. Advancements in payments making them more secure and reliable are key trends expected to boost the adoption of m-commerce.

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The rising popularity of mobile commerce in various developing and developed regions, especially among working populations, is bolstering the demand for mobile applications. Furthermore, this significant factor is likely to accentuate the market in the coming years.

The launch of integrated and smarter mobile apps is expected to create lucrative avenues for market players. The advent of augmented reality mobile apps bodes well for the market.

The study presented here is based on a report by Persistence Market Research titled “Global Mobile applications market: Industry Analysis and Forecast, 2021–2031”.

Market Categorization:

  • Store Type
    • Apple App Store
    • Google Play
    • Others
  • End Use
    • Games
    • Social Networking
    • Healthcare
    • Books
    • Music
    • Productivity
    • Education
    • Entertainment
    • News
    • Photos and Videos
    • Navigation
    • Travel
    • Business
    • Others
  • Region
    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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Mobile Applications Market Information, Figures and Analytical Insights 2025 COVID-19

A research report on “Mobile Applications Market 2019 Industry Research Report” is being published by Market Growth Analysis. This is a key document as far as the clients and industries are concerned to not only understand the competitive market status that exists currently but also what future holds for it in the upcoming period, i.e., between 2018 and 2025. The report has categorized in terms of region, type, key industries, and application.

Global Mobile Applications Market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2025, with a CAGR of x.x% during 2018-2025.

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Major Geographical Regions

The study report on Global Mobile Applications Market 2018 would cover every big geographical, as well as, sub-regions throughout the world. The report has focused on market size, value, product sales and opportunities for growth in these regions. The market study has analyzed the competitive trend apart from offering valuable insights to clients and industries. These data will undoubtedly help them to plan their strategy so that they could not only expand but also penetrate into a market.

The researchers have analyzed the competitive advantages of those involved in the industries or in the Mobile Applications Market. While historical years were taken as 2013 – 2017, the base year for the study was 2017. Similarly, the report has given its projection for the year 2018 apart from the outlook for years 2018 – 2025.

Like any other research material, the report has covered key geographical regions such as Europe, Japan, United States, India, Southeast Asia and Europe. Researchers have given their opinion or insights of value, product sales, and industry share besides availability opportunities to expand in those regions. As far as the sub-regions, North America, Canada, Medico, Australia, Asia-Pacific, India, South Korea, China, Singapore, Indonesia, Japan, Rest of Asia-Pacific, Germany, United Kingdom, France, Spain, Italy, Rest of Europe, Russia, Central & South America, Middle East & Africa are included.

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Scope of the Report

Mobile applications categories:
• Games
• Social Networking
• Books
• Entertainment
• Business and Finance
• Lifestyle
• Productivity
• Travel
• Navigation
• Utilities
• Others

Business model (store) types:

• Native or on deck
• Third party or off deck
Market participants:
• OS/handset manufacturers
• Application developers
• Operators

Company Profiles
Company Share Analysis
Global Players
Google Inc.
Microsoft
CA
Cognizant
Hewlett Packard Enterprise Development LP
SAP SE
China Mobile Limited
Samsung Electronics Co., Ltd.
Apple Inc.
Opera Software
Others

The objective of the researchers is to find out sales, value, and status of the Mobile Applications Market at the international levels. While the status covers the years of 2013 – 17, the forecast is for the period 2018 – 2025 that will enable market players to not only plan but also execute strategies based on the market needs.

The study wanted to focus on key manufacturers, competitive landscape, and SWOT analysis for Mobile Applications Market. Apart from looking into the geographical regions, the report concentrated on key trends and segments that are either driving or preventing the growth of the industry. Researchers have also focused on individual growth trend besides their contribution to the overall market.

Report Objectives:

• Analysis of the global Mobile Applications Market size by value and volume.

• To accurately calculate the market segments, consumption, and other dynamic factors of the various sections of the Global Mobile Applications Market.

• Determination of the key dynamics of the global Mobile Applications Market.

• To highlight key trends in the global Mobile Applications Market in terms of manufacturing, revenue and sales.

• To summarize the top players of Global Mobile Applications Market and show how they compete in the industry.

• Study of industry processes and costs, product pricing and various trends associated with them.

• To showcase the performance of different regions and countries in the Global Mobile Applications Market.

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