Press release
Mobile Applications Market Poised to Rake US$ 50.47 Bn by 2024
The Apple App store segment is estimated to account for a revenue share of 47.2% in 2016. The Google Play segment is anticipated to reach a market valuation of US$ 17.22 Bn by the end of 2016 and this is expected to increase to US$ 43.53 Bn by 2024 end, registering a CAGR of 10.8% over the forecast period. The Games end use segment is estimated to be valued at US$ 18.45 Bn by the end of 2016 and this is expected to increase to US$ 43.99 Bn by 2024, witnessing a CAGR of 11.7% over the forecast period. As compared to the other segments, the Games segment is expected to exhibit a relatively high attractiveness index over the forecast period.
Among regions, APAC is estimated to be the largest market for mobile applications throughout the forecast period. The APAC mobile application market is estimated to be valued at US$ 15.94 Bn by the end of 2016 and is expected to increase to a market value of US$ 41.97 Bn by 2024, registering a CAGR of 10.6% between 2016 and 2024. The North America mobile application market is estimated to account for a revenue share of 21.0% in 2016.
Persistence Market Research delivers key insights on the global mobile application market in a new report titled, “Global Mobile Application Market: Industry Analysis and Forecast, 2016–2024”. The global mobile application market is projected to register a healthy CAGR of 11.1% during the forecast period 2016-2024. The market is likely to witness an absolute dollar opportunity of US$ 50.47 Bn between 2016 and 2024.
Rising disposable income increases the probability of consumer spending on media, entertainment, networking, and mobile communication; leading to higher potential sales of mobile applications. The instances of mobile application adoption are very high among the urban population as compared to the rural population – and hence there is high demand for mobile applications in developed regions (where the urban to rural population ratio is higher than developing regions). These factors have led to a rapid growth of the global mobile application market over the last few years and this trend is likely to continue in the coming eight years.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/mobile-applications-market/toc
The global mobile application market is expected to witness substantial growth over the forecast period owing to advancements in the electronic, telecommunication, and m-commerce industries. Leading global smartphone manufacturers such as Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Lenovo Group Limited, LG Electronics Inc., Microsoft, etc. are making strategic investments in the development and production of their own application processor (AP) to differentiate their offerings and maintain increased market share and margins. There is also a rising trend of m-commerce particularly among the working population, and this has increased the demand for mobile applications. Growing internet penetration and rising subscription in social media are some of the other key factors driving the growth of the global mobile application market.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/2592
The global mobile application market report profiles some of the leading market players operating in the global mobile application market. The companies featured in the report are Google Inc., Microsoft, CA, Cognizant, Hewlett Packard Enterprise Development LP, SAP SE, China Mobile Limited, Samsung Electronics Co. Ltd., Apple Inc., and Opera Software. Top market companies lay strong emphasis on strategic mergers and acquisitions, technology advancements, and competitive pricing to retain their position in the global mobile application market.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mobile Applications Market Poised to Rake US$ 50.47 Bn by 2024 here
News-ID: 511553 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for App
AstroERA App is Becoming a Leading Astrology App
The astrology-focused app AstroERA continues to be one of the most popular platforms globally for enthusiasts of astrology. AstroERA provides a contemporary astrology experience, featuring a wide range of options including free initial chat sessions with astrologers, pooja booking choices, and services for kundli matching and creation.
The firm introduced AstroERA to offer timeless astrological insights that allowed personal connection and heightened significance in today's rapid environment. This platform has gained…
OpenAudio Fully Replaces HOLO-WHAS App with HoloHome App
OpenAudio, a leading provider of smart audio solutions, is proud to announce the launch of the new HoloHome App, which will fully replace the existing HOLO-WHAS App. This transition aims to offer users an enhanced and more intuitive smart audio experience.
Image: https://lh7-rt.googleusercontent.com/docsz/AD_4nXcVernouLCvAEp1au2y7Aj5-e_qxeloI7DphbPpMQ4S01riRQsWtbGCDujTzYmEog_bRytTXBtAdu8A4I-Ag7snHCEET8qAvMTr9vv3wf9AnLlMwZtClSbqb0J73h5xd4sqxdf46Q?key=JWAHBGrqJUr4CVbTS-qsDNEc
Key Features of the HoloHome App:
*
Unified Control Across Devices: The HoloHome App now supports a wide range of OpenAudio products, including HOLO-WHAS, HOLO-WHAS Ultra, HOLO-WHAS Plus, HOLO-WHAS Max,…
App Store Optimization Software Market is Dazzling Worldwide | Gummicube, App An …
The new report titled "App Store Optimization Software Market offer by Key Players, Types, Applications, Countries, Market Size, Forecast to 2029"offered by Infinity Business Insights includes a comprehensive analysis of the market size, geographical landscape along with the revenue estimation of the industry. In addition, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the "App Store Optimization Software Market".
The space domain is…
Book2.App - Convert your original PDF into an Android app & web app for FREE!
WILMINGTON, Del. - Feb. 26, 2020 - Ipsilon Developments launches Book2.app! A new app that let you convert your original work PDF into an Android & Web app!.
Book2.app is a new web & mobile app, that allows you to convert your original work in PDF format, in an Android App, ready to publish into the Google Playstore!
You can upload any original work, in PDF format, no technical knowledge is needed,…
Patient Centric Healthcare App Market 2019: Technology Based Development coverin …
Patient centric health care app market is anticipated to grow in the forecast period owing to driving factors such as the rising number of innovations in technology, increase in population, surge in expectations in quality of care. Moreover, Rise in prevalence of chronic diseases, higher life expectancy, and patient enablement and empowerment, rising investments by major players for the growing demand are also offering opportunities in the market growth during…
Health Insurance App Benchmarking 2015 Market Research Report - Industry View, A …
ResearchMoz added Latest Research Report titled " Health Insurance App Benchmarking 2015 - How health insurance companies make use of mobile apps " to it's Large Report database.
The report analyzes the global app publishing activities of the leading Health Insurance Companies on Android and iOS devices. The research provides a detailed picture of which app categories health insurance companies concentrate on, how many apps they have published, which user groups…
