Mobile Application Market Size Expected to Grow by USD 653.91 Billion | Technavio

NEW YORK, March 30, 2022 /PRNewswire/ — According to the “Mobile App market by Platform, Application, Revenue Model and Geography – Forecast and Analysis 2021-2025″, the market grew at a CAGR of 20.45% in 2021 and a CAGR of 20.65% during the forecast period The report is segmented by Platform (Android, iOS and Others), Market Landscape (Advertising, In-App Purchase, Subscription and Pay-Per-Download), Application (Games, Social Media, Music, Video and Others) and Geography (APAC , North America, Europe, South Americaand MEA).

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Market scope

The report covers the following areas:

Supplier Information

The mobile application market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Alphabet Inc.
  • Amazon.com Inc.
  • Apple Inc.
  • Electronic Arts Inc.
  • facebook inc.
  • Microsoft Corp.
  • Netflix Inc.
  • Spotify Technology AG
  • Ubisoft Entertainment
  • Xiaomi Corp.

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Geographic Market Analysis

APAC will provide maximum growth opportunities in mobile applications during the forecast period. According to our research, the region will contribute 46% of the global market growth during the forecast period. China, Japanand India are the key countries for the mobile application market in APAC.

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Analysis of key segments

The growth in mobile application market share by Android segment will be significant during the forecast period. The Google Play Store has been the favorite mobile app development platform for developers over the years. This is mainly attributed to the growing use of Android smartphones across the world, which increases the demand for Android OS.

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Key Market Drivers and Challenges:

the growing smartphone penetration is driving the growth of the mobile application market. Smartphone manufacturers are releasing new cell phones with improved features, such as better processing speeds, better battery life, storage, display quality, and software capabilities. Smartphones are also upgraded in terms of additional features for display, camera, memory, processors and other technical specifications.

the costs associated with the development and operation of mobile applications will challenge the mobile application market over the forecast period. Mobile applications are designed to facilitate user activities with technological support. However, with the growing demand for mobile applications, there has been an increased need for administrative support, maintenance support, and infrastructure services, among others. These activities incur a higher cost than that involved in the cost of developing applications.

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Highlights

  • Market CAGR over the forecast period 2021-2025
  • Detailed information on the factors that will contribute to the growth of the mobile application market over the next five years
  • Estimation of the mobile application market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the mobile application market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Complete details of the factors that will challenge the growth of the Mobile Application Market vendors

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Mobile Application Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 20.65%

Market Growth 2021-2025

$653.91 billion

Market structure

Fragmented

Annual growth (%)

8:45 p.m.

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

Asia-Pacific at 46%

Main consumer countries

United States, China, Japan, Germany and India

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Alphabet Inc., Amazon.com Inc., Apple Inc., Electronic Arts Inc., Facebook Inc., Microsoft Corp., Netflix Inc., Spotify Technology SA, Ubisoft Entertainment and Xiaomi Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by application

Market segmentation by

  • Market segments
  • Comparison by application
  • Comparison by
  • Games – Market size and forecast 2020-2025
  • Social Media – Market size and forecast 2020-2025
  • Music – Market size and forecast 2020-2025
  • Video – Market Size and Forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market Opportunity by Application
  • Market opportunity by

Market segmentation by platform

Market segmentation by

  • Market segments
  • Comparison by platform
  • Comparison by
  • Android – Market size and forecast 2020-2025
  • iOS – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by platform
  • Market opportunity by

Market segmentation by

  • Market segments
  • Comparison by
  • Advertising – Market size and forecast 2020-2025
  • In-app purchase – Market size and forecast 2020-2025
  • Subscription – Market size and forecast 2020-2025
  • Pay per download – Market size and forecast 2020-2025
  • Market opportunity by

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market opportunity by
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Alphabet Inc.
  • Amazon.com Inc.
  • Apple Inc.
  • Electronic Arts Inc.
  • facebook inc.
  • Microsoft Corp.
  • Netflix Inc.
  • Spotify Technology AG
  • Ubisoft Entertainment
  • Xiaomi Corp.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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