Mobile Application Development Market, By Platform (IOS, Android), by Application (E-commerce, Banking, Entertainment (Gaming, Media), Education, Government Agencies, Airline Industry) - Forecast 2027

ID: VPR/ICT/1071 Publishing Year: January 2022 Pages: 118 Format:   


Mobile Application Development Market Overview:

There is a growing reliance on the Mobile App Development Market, which has significantly increased the number of opportunities for many IT industries to administer mobile apps for various applications to mobile users, as well as the number of opportunities for mobile users themselves. Modern Mobile Applications are software programmes that run and operate on advanced smartphones, modern tablets, and other specialised devices such as high-speed internet, television, and a variety of home automation devices, among others. The fundamental IOS and Android platforms are the primary platforms for which software developers have created and developed nearly all of the Mobile Applications available today. As a result, the Global Market for Mobile Applications is expected to grow at the fastest rate in various IoT markets, primarily because it allows for the collection of more information, which can then be used to fully optimise and improve the application features used by end-users.

Key Players:

  • Facebook, Inc. (U.S.)
  • Google, Inc. (U.S.)
  • Microsoft Corporation (U.S.)
  • IBM corporation (U.S.)
  • Apple, Inc. (U.S.)
  • Amazon, Inc. (U.S.)
  • Kony, Inc. (U.S.)
  • Verivo software, Inc. (U.S.)
  • Infosys, Ltd. (India)
  • Wipro Corporation (India)

Market Growth:

Significant growth in Internet penetration and resulting data usage, particularly in developing countries such as India, China, and Brazil, is the primary Factor Driving Market Expansion. Over the past decade, the Internet has emerged as the primary mode of communication, accessible through a variety of devices such as smartphones, tablets, and laptop computers, among others. Increasing growth in the e-commerce industry, product assortment, and various discounts and offers that are only available on e-platforms have all contributed to an increase in the number of mobile application purchasers over the past few years, according to the International Data Corporation. In addition, the availability of low-cost data plans from telecom operators, which lowers the cost of mobile internet while increasing the number of users online, is a factor that is contributing to the rapid growth of mobile application downloads across platforms.

Market Segmentation:

The Global Mobile Application Market is divided into three categories: marketplaces, app categories, and geographical regions. It is divided into three categories based on the marketplace: the Apple iOS store, the Google Play store, and other marketplaces (Microsoft, Huawei, and others). On the basis of the app category, the market is subdivided into the following subcategories: gaming; entertainment; music; health and fitness; travel and hospitality; retail and electronic commerce; education & learning; and others (navigation, utilities, and news). It is divided into four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean.

Regional Analysis:

Because of the large number of players present in the region, including Apple Inc.; Google LLC; Hewlett Packard Enterprise; Netflix Inc.; and Microsoft Corporation, the high share can be attributed to the fact that the region has a large number of players. Strong in-app consumer spending, high smartphone penetration, and a disproportionately higher number of mobile application downloads have all combined to ensure a large market share for the Mobile Application Market. In terms of in-app payments, paid mobile games, and the rapidly increasing number of mobile app users in the country, the United States is expected to emerge as a lucrative market for mobile games applications in the near future.

Because of the region's potential in terms of internet penetration and smartphone adoption, the Asia Pacific region is expected to emerge as the fastest growing regional market. It is expected that India and China will continue to be the two largest markets, providing significant growth opportunities for all participants in the Mobile Application Eco-System. Furthermore, rising disposable income, in conjunction with government initiatives such as Digital India, is expected to have a positive impact on regional market growth in the years to come.

Covid-19 Impact:

The COVID 19 has had an impact on 215 different countries. Countries have implemented lockdown measures in order to counteract the negative effects, which has had a negative impact on the Mobile Application Development Market Size. The pandemic presents a slew of challenges for the industry, which has been hit particularly hard in many parts of the world. Demand and supply have been influenced by factors such as the risk of continuing production, supply, distribution, a lack of skilled labour, and a reduction in development activities, among others. The process is used to meet the requirements of various industries. People are not as active as they were previously. There are significant strategic developments taking place. Because of the increasing demand from consumers all over the world, multinational corporations (MNCs) are increasing their investments in this segment.

Type Here for table of content.


PURCHASE OPTIONS




    ADD TO CART

CONTACT US
CALL US ON
( +91-935-919-4956 )

CONTACT EMAIL
[email protected]
PURCHASE OPTIONS




    ADD TO CART

CONTACT US
CALL US ON
( +91-935-919-4956 )

CONTACT EMAIL
[email protected]