$497.09 Billion Growth in Global Mobile Apps Market During 2020-2024 | Featuring Key Vendors Including Alphabet Inc., Amazon.com Inc., and Apple Inc. | Technavio
LONDON--(BUSINESS WIRE)--Feb 2, 2021--
Technavio announces the release of its latest report on the mobile apps market. The market is segmented by platform (iOS, android, and others), application (games, social networking, music, video, and others), revenue model (advertisement, in-app purchase, subscription, and pay per download), and geography (APAC, Europe, MEA, North America, and South America). The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across various segments.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210202006143/en/
Technavio has announced its latest market research report titled Global Mobile Apps Market 2020-2024 (Graphic: Business Wire)
Mobile Apps Market: Key Findings
- Mobile apps market value to grow by USD 497.09 billion at over 4% CAGR during 2020-2024
- 45% of market growth to originate from APAC during the forecast period
- Based on the platform, the iOS segment will offer maximum opportunities for vendors during the forecast period
- Mobile apps market is expected to have a positive impact due to the spread of COVID-19
Mobile Apps Market: Growth Drivers
The growing penetration of smartphones is one of the prime factors driving the growth of the market. Over the years, the market has witnessed a surge in the adoption of low-prices smartphones worldwide, especially in emerging markets such as India, China, Vietnam, the Philippines, Sri Lanka, and Pakistan. In Europe, Spain and Greece are also registering high growth in the sales of low-cost smartphones. This growth is increasing the demand for the development of new apps, which is creating significant opportunities for market vendors.
“Development of hybrid mobile apps and the increasing popularity of AR-based apps will further boost market growth during the forecast period”, says a senior analyst at Technavio.
Develop Smart Strategies for Your Business: Get a Free Sample Report Now!
Mobile Apps Market: Major Vendors
Alphabet Inc. operates its business through segments such as Google and Other Bets. The company offers a wide range of mobile apps for smartphones.
Amazon.com Inc. operates its business through segments such as North America, International, and Amazon Web Services. The company offers a wide range of mobile apps for smartphones.
Apple Inc. operates its business through segments such as iPhone, iPad, Mac, Wearables, Home and Accessories, and Services. The company offers a wide range of mobile apps for smartphones.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Related Reports on Communication Services Include:
Global Wearable Patch Market – Global wearable patch market is segmented by application (clinical and non-clinical), technology (regular and connected), and geographic landscape (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Digital OOH Market – Global digital OOH market is segmented by application (retail, recreation, banking, transportation, and others), type (in-store advertising and outdoor advertising), category (billboards, shelter, transit, and street furniture), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210202006143/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS ENTERTAINMENT MOBILE ENTERTAINMENT
SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 02/02/2021 04:34 PM/DISC: 02/02/2021 04:34 PM