Global Mobile Phone Application Market Overview:
Advancements in networking, availability of low price mobile data-usage and smartphone proliferation will help to boost global mobile phone application market in the forecasted period. Mobile phone application are mostly light-weight and economically viable solution for not only entertainment purpose but also for business and other productivity use. Augmented application of augmented reality as well as Virtual Reality. The smartphones at present are allowing the sensors like accelerometers, gyroscope, and motion sensors in the smartphones and tablets to ensure the capability of AR & VR on the mobile phone through various apps. This has also been exaggerated by the IOT dominance majorly in smart homes. All the lighting, music and security controls, temperature are handled by the mobile applications connected via Wi-Fi or Bluetooth.
As per latest study released by AMA Research, the Global Mobile Phone Application market is expected to see growth rate of 19.2%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) |
High Growth Market | Asia Pacific |
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:
Increasing Emphasis on Improving User Experience Along With Ongoing Efforts to Develop Application Quality and Introduction Of 5G as well as Other Content Delivery Technologies
Market Growth Drivers:
Huge Number of Mobile Devise and Rising Implementation of Newer Device Such As Tablet PC and Development of Unique Subscriber Base In The Telecom Industry
Challenges:
Easy Availability of Applications Has Potentially Increased the Risks Associated With Data Theft through Spyware Applications
Restraints:
Rising Concern Regarding Attacks and Threats To Cyber Security
Opportunities:
Emerging Penetration of Numerous Social Networking Websites with Additional Value-Added Landscapes and Upsurging Demand Numerous Features Which Includes High Security, Switching Application, Multitasking, Artificial Intelligence (Siri), And Game Center
Competitive Landscape:
Some of the key players profiled in the report are IBM Corporation (United States), Apple, Inc. (United States), Microsoft Corporation (United States), Google Inc. (United States), Nokia Corporation (Finland), Amazon Inc. (United States), BlackBerry Ltd. (Canada), Fueled (New York) and LeewayHertz (United States). Additionally, following companies can also be profiled that are part of our coverage like Adept Business Solutions (United States), Burgan National Information Systems Co. (Kuwait), Verbat Technologies (Dubai), Willow Tree, Inc. (United States), Intellectsoft US (United States), Y Media Labs (United States), Appster (Australia), Gameloft SE (France) and Konstant Infosolutions (India). Analyst at AMA Research see United States Players to retain maximum share of Global Mobile Phone Application market by 2028. Considering Market by Marketplace, the sub-segment i.e. Google Play Store will boost the Mobile Phone Application market. Considering Market by Platform, the sub-segment i.e. IOS will boost the Mobile Phone Application market. Considering Market by App Category, the sub-segment i.e. Gaming will boost the Mobile Phone Application market.
Latest Market Insights:
On 25th July 2019, Apple and Intel have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. The transaction, valued at 1 billion dollars, is expected to close in the fourth quarter of 2019, subject to regulatory approvals and other customary conditions, including works council and other relevant consultations in certain jurisdictions.
On 21st March 2019, IBM has announced that Polish startup RemoteMyApp will adopt IBM Cloud for increasing global reach and scaling of its Vortex gaming platform.
What Can be Explored with the Mobile Phone Application Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Mobile Phone Application Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Mobile Phone 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 Phone 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 Phone 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 Application Developers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations 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.