The Global Mobile Application Market is Expected to Reach USD 620.3 Billion by 2030
The global mobile application market is expected to reach USD 620.3 billion by 2030, growing at a CAGR of 19.30% during the forecast period 2022-2030. The growth of the market is attributed to the increasing penetration and user base of smartphones all over the world, the incorporation of artificial intelligence in mobile applications, the advent of web-apps and conversion of conventional website-based e-commerce services into mobile applications, the inclination of various sectors towards operating through a mobile application in order to create ease in functionality and improve the reachability, the rise in internet penetration and increasing LTE adoption.
The global mobile application market is segmented on the basis of categories, platform, and end-user. Based on categories, the market is 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 market is segmented into iOS, Android, and Windows. Based on end-user, the market is segmented into banking, retail, airlines, media, education, transport, hotels and restaurants, government, and others.
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Gaming Segment to Dominate the Market
The gaming segment is expected to dominate the market during the forecast period. The increasing popularity of mobile gaming, the growing demand for high-quality gaming experiences, and the increasing availability of high-speed internet are some of the factors driving the growth of the gaming segment.
Android Platform to Dominate the Market
The Android platform is expected to dominate the market during the forecast period. The open-source nature of the Android platform, the large number of Android devices available in the market, and the availability of a wide range of Android applications are some of the factors driving the growth of the Android platform segment.
North America to Dominate the Market
North America is expected to dominate the market during the forecast period. The high penetration of smartphones, the increasing demand for mobile applications, and the presence of a large number of mobile app developers in the region are some of the factors driving the growth of the North American market.
Some of the key players operating in the global mobile application market are:
- Apple Inc.
- Google Inc.
- Microsoft Corporation
- Amazon.com Inc.
- Adobe Systems Incorporated
- IBM Corporation
- SAP SE
- Oracle Corporation
- Salesforce.com Inc.
- Intuit Inc.
The report provides a comprehensive analysis of the global mobile application market, including the market size, growth drivers, restraints, and opportunities. The report also provides a detailed competitive landscape of the market, including the market share of the leading players. The report also provides a detailed analysis of the market trends, opportunities, and challenges.