Mobile Application Market to Record 20.45% Annual Growth Rate in 2021 | Alphabet Inc. and Amazon.com Inc. among the major suppliers | Technavio | national news


NEW YORK, December 14, 2021 / PRNewswire / – Mobile Applications Market Overview –

  • Total Pages: 120
  • Companies: 10+ – Including Alphabet Inc., Amazon.com Inc., Apple Inc., Electronic Arts Inc., Facebook Inc., Microsoft Corp., Netflix Inc., Spotify Technology SA, Ubisoft Entertainment and Xiaomi Corp.
  • Blanket: Main drivers, trends and challenges; Product information and news; Value chain analysis; Parents market analysis; Supplier landscape;
  • Segments: Platform (Android, iOS and others), revenue model (advertising, in-app purchase, subscription and pay-per-download), app (games, social networks, music, video and others)
  • Geographies: APAC (China, Japan, India), North America (WE), Europe (Germany), South America, and MEA

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According to the recent Technavio market study, the Mobile Application market in the communication services industry should increase by $ 653.91 billion from 2020 to 2025, with an accelerated CAGR of 20.65%. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

APAC will register the highest growth rate of 46%. China, Japan, and India are the key markets for mobile applications in the region. Moreover, the market growth in APAC will be faster than the market growth in other regions.

Download a FREE sample: for more information on key APAC countries

Supplier Information-

The mobile applications market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market. The providers are focusing on mobile applications. In March 2019, Alphabet’s Chronicle, the cybersecurity division, has launched its first commercial product, Backstory, a data security platform.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook

The share of ACPA during the forecast period will be significant. China, Japan, and India are the key markets for mobile applications in APAC. Market growth in APAC will be faster than market growth in other regions. Growing penetration of smartphones, growing internet penetration and unique mobile subscriber base will drive the growth of mobile applications market in APAC during the forecast period.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

The growing penetration of smartphones is one of the main drivers for the growth of the mobile applications market. Smartphone makers are focused on launching new mobile phones with advanced features like better processing speeds, battery life, storage, display quality, and software capabilities. Such features allow users to multitask, in which they can use multiple mobile applications at the same time. In addition, smartphones are upgraded in terms of additional features for display, camera, memory, processors and other technical specifications. The increasing launch of these advanced smartphones is expected to drive the demand for mobile applications during the forecast period.

  • Mobile Application market trend:
    • Development of hybrid mobile applications:

The development of hybrid mobile applications is one of the key trends impacting the growth of the mobile applications market. Hybrid mobile apps are designed with a combination of web technologies such as HTML and JavaScript. Using WebView mobile to create mobile-friendly web applications provides access to hardware components of devices, including accelerometers and cameras. In addition, the applications allow easy scalability and cross-platform development of mobile applications.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Here are some similar topics-

  • Digital Video Content Market: The digital video content market has the potential to grow as $ 327.19 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 14.31%. Download a free sample report
  • Game Development Software Market: The game development software market has the potential to grow in $ 47.50 million from 2020 to 2025, and the market growth dynamics will accelerate at a CAGR of 4.88%. Download a free sample report

Scope of the mobile market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 20.65%

Market growth 2021-2025

$ 653.91 billion

Market structure

Fragmented

Annual growth (%)

8:45 p.m.

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

46% APAC

Main consumer countries

United States, China, Japan, Germany, India

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled 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 obstacles, analysis of fast and slow growing segments, analysis of market conditions for the forecast period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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SOURCE Technavio


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