Mobile App Development Market 2018 Global Recent Trends, Competitive Landscape, Size, Segments, Opportunities, Segmentation, and Forecast till 2022

The report on the global Mobile App Development market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Market Highlights:
The Global Mobile Application Development Market is growing with the rapid pace mainly due to the increasing market of smartphones or tablets. The dependency over the smartphones has been increased tremendously which in result has led to the growth of mobile application development market. According to a recent study report published by the Market Research Future, the global market of Mobile Application Development is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).

The Global Mobile Application Development Market is driven by the adoption of new technologies, changing lifestyle and growing adoption by corporates to simplify their daily tasks. Furthermore, the increasing adoption of machine learning and the addition of machine learning into the mobile applications is also responsible for the growth of mobile application development market. The Mobile Application Development market is highly competitive due to the increase in web based applications and Government funding towards secured centrally connected systems.

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Major Key Players

• Facebook, Inc. (U.S.),
• Google, Inc. (U.S.),
• Microsoft Corporation (U.S.),
• IBM corporation (U.S.),
• Apple, Inc. (U.S.),
• Amazon, Inc. (U.S.),
• Kony, Inc. (U.S.),
• Verivo software, Inc. (U.S.),
• Infosys, Ltd. (India),
• Wipro Corporation (India)
Globally the Industry for Mobile App Development market is expected to grow at the rate of more than ~14% from 2016 to 2022.

Industry News
Salesforce is all set to redesign its iOS app as part of its strategic partnership which will offer new tools for Salesforce developers, including its first mobile SDK, and developer training to build native apps. The company has planned to redesign its app in early 2019 to take advantage of new features for iOS 12.
Drivers and Constraints Impacting the Market

With the high market penetration of smartphones, extensive use of mobile applications for e-commerce, games, social networking, and media, along with growing IoT market, the global market for mobile app development is set to propel over the assessment period. Adoption of advanced technologies, increasing acceptance of mobile applications by the corporates to simplify daily tasks, and changing lifestyle have triggered the demand for mobile applications over the years. Several companies are investing into research and development activities so as to come up with innovations and solutions for the consumers which are further prompting the advancements in mobile applications. Moreover, with the advent of cloud-based technology, there has been a noticeable growth in the mobile app development market globally.

On the flip side, increasing cost of mobile application development platforms and technical issues related to application development are some of the major factors expected to inhibit the market growth in the coming years. Moreover, lack of technical expertise and rising security concerns are presumed to hamper the market growth.

Segmentation
The Mobile Application Development Market can be segmented in to 3 key dynamics:
Segmentation by Platform: Comprises IOS, and Android
Segmentation by Application: Comprises Entertainment (Gaming and media), banking, retail, airlines, e-commerce, education, government agencies and social networking among others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia-Pacific and Rest of the World.

Regional Analysis

According to the report, In APAC region growing technological advancement and high adoption of smartphones and tablets is raising Mobile Application Development market in the region. Further, the report states lack of technical expertise is a challenge to the market growth.
North-America is dominating the Global Mobile Application Development Market with the largest market share and is expected to grow over its previous growth records by 2022. This is due to the increasing adoption of new solutions, changing lifestyle and increasing consumer preference for smartphones. Mobile Application Development Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 due to rapid technological advancements and China being the manufacturing hub. The European market for Mobile Application Development Market is expected to grow at a considerable CAGR (2016-2022). This is due to rise in IT technology and growing population which is increasing the demand for smartphones and tablets in the region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Target Audience:
• Mobile application providers
• Entertainment industry
• Education industry
• Research and consulting firms
• Small and large enterprises
• Government agencies

List of Figures
Figure 1 Research Process
Figure 2 Drivers Of Global Mobile Application Development Market
Figure 3 Global Mobile Application Development Market: By Platform (%)
Figure 4 Global Mobile Application Development Market: By Application (%)
Figure 5 Global Mobile Application Development Market Share By Region (2016 & 2022) (%)
Figure 6 North America Mobile Application Development Market, By Platform (%)
Continued…….

List of Tables
Table 1 Global Mobile Application Development Market (Usd Billion)
Table 2 Global Mobile Application Development Market, By Platform
Table 3 Global Ios Markets, By Region
Table 4 Global Android Markets, By Region
Table 5 Global Mobile Application Development Market, By Application
Table 6 Global Entertainment Market, By Region
Continued…….

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This release was published on openPR.