Mobile Application Market To Expand At A Noteworthy CAGR Of 19.30% During 2019-2030

Market Research Future Published a Half-Cooked Research Report on Mobile Application Market Research Report.

Market Overview:

Technological advancement is aiding the development of compact electronic devices such as smartphones and increasing the reliance on cloud-based solutions. mobile applications are potable software that can be run on the mobile phones or other portable devices. Market Research Future (MRFR) has published a report stating that the global mobile application market is anticipated to expand significantly at a CAGR of 19.30% during teh forecast period of 2020-2030 and reach the market valuation of USD 620.3 Bn by the end of 2030.

Market Drivers:

Increasing penetration and user-base of smartphones all over the world is one of the major factors that are driving the global mobile application market. With the incorporation of artificial intelligence, the demand for optimized mobile applications has increased significantly, leading to the expansion of the global mobile application market. With the advent of web-apps and conversion of conventional website-based e-commerce services into mobile applications, the popularity of mobile applications has increased, leading to the expansion of the global mobile application market. Inclination of various sectors towards operating through a mobile application in order to create ease in functionality and improve the reachability are some of the major factors that are propelling the growth of the global mobile applications market. Rise in internet penetration and increasing LTE adoption are impacting positively on the growth of the global mobile application market during the assessment period.

Market Segmentation:

The global mobile application market has been segmented on the basis of categories, platform and end-user. Based on categories, the mobile application market has been segmented into gaming and non-gaming. The non-gaming segment is sub-segmented into productivity, entertainment, social media, browser, and others. Based on platform, the mobile application market has been segmented into iOS, android and windows. Based on end-users, the mobile application market has been segmented into banking, retail, airlines, media, education, transport, hotels and restaurants, government and others.

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Regional Analysis

Geographically, the global mobile application market has been segmented into four regions such as North America, Europe, Asia Pacific and the rest of the world. The Asia Pacific region is anticipated to constitute for a substantial share in the global mobile application market owing to the high penetration of smartphones in the emerging economies of this region and high demand for mobile application-based solutions in various industrial sectors in this region. The North America region is expanding at a significant rate in the global mobile application market owing to the easy adoption of advanced technology in this region. The Europe region is projecting notable growth in the global mobile application market owing to the high demand for mobile-based applications in this region.

Industry Updates:

In October 2018, Tyler Technologies, Inc., a Texas-based software company, has announced the launch of new mobile application, New World ShieldForce which is now available for command staff, first responders and patrol officers through the IOS platform. By the end of 2019, this application will be available for Android users as well.

In October 2018, ARCOS LLC has launched mobile application of the ARCOS Crew Manager software which will aid utility field supervisors and crew members to get a real-time view into the location and availability of crew, equipment and vehicles from their mobile devices.

In October 2018, Jetson, a U.S.-based company, has announced the release of its intelligent, voice-commerce ordering application named ' Jetson Voice Assistance. This application enables the users to place orders at restaurants conversationally.

In October 2018, the U.S.-based 11-member team for mobile application development with the Air Force Life Cycle Management Center's Business and Enterprise Systems Directorate has developed its first organic mobile application prototype named the Integrated Logistics System-Supply (ILS-S) application.

Key Players:

The prominent players that are profiled in the report on the global mobile application market are Willow Tree, Inc (the U.S.), Google Inc (the U.S.), Nokia Corporation (Finland), Amazon Inc (the U.S.), Intellectsoft US (the U.S.), Microsoft Corporation (the U.S.), Y Media Labs (the U.S.), Appster (Australia), Gameloft SE (France), Konstant Infosolutions (India).