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App Analytics Market Overview, Trends, Growth And Forecast 2024-2033
App Analytics Market Overview
According to The Business Research Company's, The app analytics market size has grown exponentially in recent years. It will grow from $4.10 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 23.3%. The growth in the historic period can be attributed to the proliferation of smartphones and mobile devices, increasing demand for data-driven decision-making by app developers, growth of mobile app usage across various industries, the evolution of app monetization strategies, and rising competition in the app market.
The app analytics market size is expected to see exponential growth in the next few years. It will grow to $11.77 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to the emergence of AI-driven analytics for deeper insights, integration of app analytics with Internet of Things (IoT) devices, expansion of app analytics to include augmented reality (AR) and virtual reality (VR) apps, increasing focus on user engagement and retention metrics, adoption of predictive analytics for proactive decision making, growth of enterprise app analytics for internal productivity apps. Major trends in the forecast period include cross-platform analytics, privacy-first analytics, integration with low-code platforms, advanced attribution models, app performance optimization.
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Market Drivers and Trends:
The increasing number of cybersecurity threats is expected to propel the growth of the app analytics market going forward. Cybersecurity threats are increasing due to a larger digital footprint, sophisticated attack techniques, IoT proliferation, nation-state involvement, supply chain vulnerabilities, skill shortages, financial incentives, and zero-day exploits. App analytics in cybersecurity involves providing real-time monitoring, identifying suspicious activity, threat discovery, user behavior analysis, compliance monitoring, and support for incident response and forensic analysis. For instance, in January 2023, according to the new data provided by Checkpoint, an Israel-based provider of software and hardware products for IT security, global cyberattacks increased by 38% in 2022 compared to 2021. Therefore, the increasing number of cybersecurity threats is driving the app analytics market.
Major companies operating in the app analytics market prioritize the creation of advanced offerings, such as mobile marketing analytics platforms, to enhance user engagement, optimize marketing strategies, and drive app growth. These advanced analytics solutions offer insights into user behavior, acquisition channels, engagement metrics, and campaign performance to optimize marketing strategies. For instance, in April 2022, Adjust, a Germany-based mobile app analytics productivity company, launched Adjust Dataspace, a new advanced analytics solution designed to deliver business-critical KPIs and performance metrics faster and easier. With unified data and expanded visual context, mobile app marketers can extract meaningful insights and make smarter strategic marketing decisions in real time. The platform offers chart integration, added dashboard filters, and extended cohort analysis time frames, empowering users with enhanced data visualization and customization for informed mobile app marketing decisions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
AT&T Inc, Adobe Inc, Piwik PRO, Appsflyer India Pvt. Ltd., Amplitude Inc., Data.ai., Mixpanel International inc., MoEngage, Taplytics Inc., GameAnalytics Ltd., Leanplum Co., Apsalar Analytics Pvt. Ltd., UXCam, Flurry Analytics, Countly Ltd., Matomo, Kochava Inc., Appsee Inc., Singular, Localytics, Rakam, Adjust, CleverTap Pvt. Ltd.
App Analytics Market 2024 Key Insights:
• The app analytics market size is expected to see exponential growth in the next few years. It will grow to $11.77 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%.
• Rising Cybersecurity Threats Fuel Demand for App Analytic
• Leveraging Advanced Analytics For Smarter Marketing Strategies
• North America was the largest region in the app analytics market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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