Global Mobile Application Market Insights, Current And Future Market Trends & Forecast Till 2027

GMI Research's recent analysis, global mobile application market, forecast to 2027, analyzes the trends in this market and how they are evolving across the different key geographic regions of the world. The rising potential for mobile advertising, advancements in network technologies, and increasing growth of the gaming industry are the key factors driving the growth of the mobile application market.

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Introduction of the Mobile Application Market:

A kind of application software that is specially designed to run on smart devices such as tablets and smartphones is called a mobile application. With limitations in function, all these applications are usually small and individual software units. Mobile applications frequently offer users with similar services to those accessed on PCs. The applications are generally downloaded on smartphones through the application distribution platform, which is managed by the owner of mobile operating systems, such as Apple Store (iOS) or Google Play Store.

Mobile Application Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The rising potential for mobile advertising, advancements in network technologies, increasing growth of gaming industry, redesigning of revenue-sharing pattern, reduced data usage cost, a growing number of mobile data subscribers, the rising number of smartphones, and improved device capabilities are the major factors surging the mobile application market growth. As per the technological landscape, smartphones are the most suitable devices. It is used by every individual to purchase or sell, connect with others, and to keep track of well-being or personal health. Furthermore, smartphones provide various functions and applications to fulfill individual requirements. According to mobile application market statistics, in 2018, the total number of smartphone users were approximately about 2 billion and is further projected to grow at a substantial rate. This is attributed to the growing usage of smartphones, and mobile applications are gaining more traction, which is motivating device vendors or providers to build application stores. As per the mobile application market report, individually are spending more time on smartphones, which has a significant influence on the number of applications downloaded to monitor everything at their fingertips.

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The emerging trends observed in the mobile application market include the increased adoption of IoT and mobile connected smart objects. Individuals worldwide use smart objects, such as sports equipment, toys, LED light bulbs, medical devices, and domestic appliances. According to the mobile application market analysis, all these smart objects are now a part of IoT and are monitored through applications installed in smartphones or tablets, thus enhancing the demand for mobile applications globally. Presently, smartphones are also used for analyzing and displaying information, as remote controls, and even for paying subscription services of smart devices. The different uses of the mobile application will boost the growth of the market. On the other hand, the factors hindering the market growth during the forecast period include the growing alliances and open collaborative stores.

Key Players of the Global Mobile Application Market:

· Apple Inc

· Google LLC

· Microsoft Corporation

· China Mobile Ltd

· Spigot Inc, (Getjar)

· Handster Inc

· LG Electronics

· Palm Inc

· Nokia Corporation

· Samsung Electronics Co. Ltd.

Mobile Application Market Segmentation:

Segmentation by Categories:

· Games

· Social Networking

· Books

· Entertainment

· Business and Finance

· Lifestyle

· Productivity

· Travel

· Navigation

· Utilities

· Others

Segmentation by Business Model (Store):

· Native or on deck

· Third party or off deck

Segmentation by Participants:

· OS/handset manufacturers

· Application developers

· Operators

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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