Mobile Applications Market 2021-2031
New Study Reports ” Mobile Applications Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Mobile Applications Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Mobile Applications Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Mobile Applications market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
This report also analyzes the impact of Coronavirus COVID-19 on the Mobile Applications industry.
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.
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.
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.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Apple Inc., Google LLC, Samsung Electronics Co. Ltd., China Mobile Limited, Opera Software, SAP SE, Hewlett Packard Enterprise Development LP, and Microsoft and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Mobile Applications.
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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.
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 Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Mobile Applications Market Manufacturers
Mobile Applications Market Distributors/Traders/Wholesalers
Mobile Applications Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Mobile Applications Market Report:
- The Mobile Applications Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Mobile Applications Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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