Global Mobile Application Market Overview:
A mobile application is the most widely referred to as an app which is the type of application software to run on a smartphone device to provide instant information and services to users which can be accessed on PC as well. They are deployed through Play stores, Apple stores, and various other app stores offering various types of mobile applications. Each type of mobile application provides limited functionality such as gaming, calculator, or web browsing. The mobile application is developed with device supportability.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Emerging Use of Machine Learning and Artificial Intelligence in Mobile Application and IoT Enabled Mobile Application for Various Industries
Market Growth Drivers:
Digitalization Across the World, Demand for Easy Access to Information Instantly and Rising Automation in Various Industries for Easy Operations
Challenges:
Compatibility Related Issues with Mobile Application with the Particular Operating System
Restraints:
Insufficient Transport Layer Protection in Some Mobile Application and Limited Access to Device Hardware
Opportunities:
The Introduction of Virtual and Augmented Reality in Mobile Application, Growing Number of Application Developers Worldwide and The Advancements in Network Connectivity will Boost the Mobile Application Market
Competitive Landscape:
Some of the key players profiled in the report are Google LLC (United States), Microsoft Corporation (United States), SAP SE (Germany), Apple Inc. (United States), IBM (United States), Cognizant (United States), Accenture plc (Ireland), Infosys Limited (India), Unisys Corporation (United States), Atos (France), NTT DATA Corporation (Japan), HCL Technologies Limited (India) and Mindtree (India). Considering Market by Deployment, the sub-segment i.e. Playstore will boost the Mobile Application market. Considering Market by Product, the sub-segment i.e. Gaming Application will boost the Mobile Application market. Considering Market by Operating System, the sub-segment i.e. Android will boost the Mobile Application market.
Latest Market Insights:
In February 2021, SAP SE acquired AppGyver Oy, a pioneer in no-code development platforms that enable users with no coding skills to build applications for Web and mobile uses. SAP is better able to help customers and partners adapt their IT systems efficiently to their specific needs and optimize the usability of their applications.
On 15th January 2020, Google announced today that it is buying AppSheet, an eight-year-old no-code mobile-application-building platform. The company had raised more than USD17 million on a USD60 million valuation, according to PitchBook data. The companies did not share the purchase price. With AppSheet, Google gets a simple way for companies to build mobile apps without having to write a line of code. It works by pulling data from a spreadsheet, database or form, and using the field or column names as the basis for building an app.
"The FDA encourages the development of mobile medical apps (MMAs) that improve health care and provide consumers and health care professionals with valuable health information. The FDA also has a public health responsibility to oversee the safety and effectiveness of medical devices – including mobile medical apps."
What Can be Explored with the Mobile Application Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Mobile Application Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Mobile Application
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mobile Application market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Mobile Application market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Mobile Application Developers, Mobile Application Service Provider, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.