Press release
Mobile Analytics Market Estimated to Rise US$ 6,186.7 Mn by 2024
The US$ 1.5 Bn mobile analytics market that witnesses a stellar Y-o-Y growth of over 14% in 2016 over 2015, is predicted to gain incremental opportunity of over US$ 4 Bn during the assessment period. Over 2016-2024, the market for mobile analytics is estimated to witness conspicuous growth at a staggering CAGR of 18.8%, surpassing a value of US$ 6 Bn by 2024 end.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/9143
Key research findings by Persistence Market Research conclude expansion of smartphone using population as one of the key market drivers.
Rapidly mushrooming global population of smartphone users will play a key role in fueling the demand. Ascending demand for real-time analytics for personalized ads will also push the market to a great extent.
Growing significance and investments in digital (mobile) advertising will hold a major impact on the demand for mobile analytics. Soaring advancements in mobile apps development will spur the demand further.
Emergence of smart TVs, connected TVs, and growing popularity of TV apps will present a slew of growth opportunities in the mobile analytics realm. Wide acceptance of connected smartphones, laptops, tablets, and wearables will also drum up the demand for integrated mobile analytics.
Dominance of application performance analytics solutions will persist throughout the forecast period, accounting for the highest revenue in terms of solution type.
By basis of development, cloud-based segment will be the most lucrative one with an estimated CAGR of around 21% over 2016-2024.
Amongst end-users, E-commerce and retail segment will continue to lead at a projected CAGR of 22% over the assessed period, followed by media and entertainment.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/mobile-analytics-market.asp
Persistence Market Research highlights dominance of North America and rapid emergence of Asia Pacific.
According to research, the North American market for mobile analytics will continue to be the most profitable regional market through the next eight years. This market is supposed to exceed US$ 2 Bn in terms of revenues by 2024.
APAC is however projected for the fastest growth at a CAGR of over 22% over 2016-2024. Robust mobile technology penetration and rampant smartphone adoption are identified to be the key factors driving the market in this region, led by China and India.
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Competition in mobile analytics market heats up as Google, Amazon, and IBM are set to meet head on with global leader - Microsoft.
With a leading market revenue share of over US$ 93 Bn in 2015, Microsoft Corporation will continue to hold the top position in the global market for mobile analytics. A recent launch of a bridge app tool – HokeyApp has also benefited the company in 2016. However, International Business Machine Corporation (IBM), Google Inc. (Alphabet Inc.), and Amazon Web Services, Inc. (Amazon.com, Inc.) are heading fast to make it big in terms of the revenues. Other prominent players include Yahoo! Inc. (Flurry Analytics), Adobe Systems Incorporated, Localytics (Char Software, Inc.), Tune, Inc., Mixpanel, Inc., and Webtrends Inc.
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.
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• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
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