Mobile Applications Market 2022
The global Mobile Applications Market is expected to grow persuasively in the upcoming period. The semiconductor vertical is expected to constructively disrupt the aerospace, CE (consumer electronics), and automotive verticals through AI-enabled chips. These designs would help in creation of highly optimized solutions to cater to exclusive use cases. This would be the case with semiconductor vertical going forward.
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 (2022 – 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 2022 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.
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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 2022.
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, 2022–2031”.
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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Key Questions Answered in the Mobile Applications Market Report
How is the Mobile Applications Market expected to grow over the projected period?
What direction is the Mobile Applications Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Mobile Applications Market in future?
What are the key market drivers in the Mobile Applications Market?
What are significant opportunities and improvement areas for Mobile Applications Market manufacturers?
What are the key developments and trends taking over the Mobile Applications Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Mobile Applications Market?
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