Mobile Analytics Market Analysis 2020: By Keyplayers Mixpanel, Inc., Microsoft Corporation, Amazon Web Services Inc., Adobe Systems Incorporated, Webtrends, Inc., Yahoo! Inc. (Flurry Analytics), Localytics Company, International Business Machine (IBM) Cor

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Mobile analytics is the procedure of measuring and analyzing data generated by mobile platforms and properties namely mobile applications and mobile sites. Mobile analytics evaluate users' interaction with the app along with the app installs, launches, screens, taps, events, flows, app versions, funnel analysis, user retention, and other factors. Similar to web analytics, mobile analytics measures and tracks similar metrics on users such as a number of users using the app and from which countries, whether they found an app on application store search or they followed a link on a marketing campaign, and which devices and versions are being used the most. The application of mobile analytics for enterprises is to evaluate and enhance the effectiveness of their apps and services.

The global mobile analytics market was valued at US$ 2,616.18 Mn in 2019 and is expected to exhibit a CAGR of 17.0% during the forecast period (2019-2027)

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Competitive Section

Key companies operating in the global mobile analytics market are Mixpanel, Inc., Microsoft Corporation, Amazon Web Services Inc., Adobe Systems Incorporated, Webtrends, Inc., Yahoo! Inc. (Flurry Analytics), Localytics Company, International Business Machine (IBM) Corporation, and Tune, Inc.

Market Dynamics- Driver

1. Increasing demand for real-time analytics for personalized ads and growing investment in digital advertising across mobile platforms are expected to drive growth of the global mobile analytics market during the forecast period

Constant growth in online purchases through mobile apps and growing emphasis on increasing customer retention has increased the demand for mobile analytics across numerous sectors. Furthermore, increasing dependence on mobile analytics across organizations to track mobile advertisement effectiveness with real-time data and need to deliver personalized ads targeting individual customers based on their behavior and interests are expected to drive the global mobile analytics market growth during the forecast period. For instance, in April 2014, Localytics, a U.S-based provider of marketing and analytics platforms for mobile and web apps, was selected by Rumble, which is an Israel-based provider of smart mobile publishing platforms, in order to offer real-time analytics solutions to gain insights of its app users.

2. Growing mobile users worldwide and increasing investment in mobile apps are expected to propel the global mobile analytics market growth over the forecast period

Increasing number of smartphone users and rising preference for accessing online content through mobile devices has allowed many companies to focus on reaching customers through mobile applications. Moreover, companies are developing mobile application for business where companies can augment performance of apps by partnering with mobile analytics solution providers. Mobile analytics solutions provide various insights such as mobile campaign optimization, user behavior, user preference, user location, and more. For instance, in October 2016, Ecobank Transnational Incorporated (ETI) - a pan-African banking conglomerate - launched Ecobank Mobile App, which is a mobile banking application. The objective of this is to offer mobile banking services to customers across 33 countries in Africa.

Market Opportunities

1. Increasing adoption of smart TV is expected to present lucrative growth opportunity for market players

Increasing adoption of smart TVs has accelerated the demand for dedicated analytics solutions to evaluate the efficiency of TV advertisements and performance of TV applications. Moreover, there is increasing demand for analytics solutions among smart TV application developers, in order to attain efficient comprehension of app usage. This, in turn, is expected to provide major market opportunities for mobile analytics solutions providers in the near future. For instance, Samba TV, a U.S-based smart TV apps publishing and advertising company partnered with Filmaster, a Poland-based software company specialized in offering analytics solutions for the entertainment industry, with the objective to include smart TV application analytics solution in its offerings

2. Increasing requirement for integrated mobile analytics solutions to pose major business opportunity in the near future

Increasing number of connected personal devices namely laptops, tablets, smartphones, and wearable devices has accelerated the demand for integrated analytics solution to organize data across multiple devices. Integrated analytics solutions analyzes user behavior across various devices and helps to provide highly personalized customer experience. For instance, healthcare companies can deliver customized advertisement to a user connected with a smartphone and wearable device that is designed for fitness purposes, based on real-time factors.

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Market Trends

1. Latin America Trends

Various mobile analytics solutions providers are focused on enhancing their presence in the region, in order to cater to increasing demand for mobile analytics solutions in gaming industry. For instance, in May 2016, AppsFlyer, an Israel-based mobile analytics company, expanded its operations in Latin America by opening a new office in Buenos Aires, Argentina, as the gaming industry is booming in the region and the need for mobile analytics solutions is opening up opportunity.

2. Middle East & Africa Trends (MEA)

Various international players are focused on acquisition of domestic mobile analytics solutions providers, in order to enhance their market presence in the region. For instance, in May 2016, Cellwize, a Singapore-based mobile optimization startup company, acquired CrowdX, which is a developer of crowdsourcing mobile analytics, in order to enhance its presence in the mobile analytics solutions market in the Middle East.

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