Press release
Mobile Applications Market Plying for Significant Growth During 2016 – 2024
Market dynamics
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 Sample Report: https://www.persistencemarketresearch.com/samples/2592
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.
Market forecast
The global mobile application market is segmented on the basis of Store Type (Apple App Store, Google Play, Others); End Use (Games, Social Networking, Healthcare, Books, Music, Productivity, Education, Entertainment, News, Photos and Videos, Navigation, Travel, Business, Others); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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.
Request to download and view full ToC @ https://www.persistencemarketresearch.com/toc/2592
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.
Competitive landscape
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.
View Report @ https://www.persistencemarketresearch.com/market-research/mobile-applications-market.asp
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 Plying for Significant Growth During 2016 – 2024 here
News-ID: 814736 • Views: …
More Releases from PMR
Online Apparel Market Gain Impetus due to the Growing Demand over 2016 - 2026
The ecommerce sector have observed extraordinary growth over the past few years. The growth was primarily driven by prompt adoption of technology led by inclining use of devices such as tablets and smartphones as well as access to internet through 3G and broadband which ultimately resulted in inclination in the online consumer base. The growth showcased by some of the players such as snapdeal and flipkart exhibited immense potential of…
Passenger Car Accessories Market Likely to Emerge over a Period of 2016 - 2026
The global passenger car accessories market enables unlock the potential for the companies which are striving in car accessories market. Continuous up gradation of models along with advanced features in car accessories enables fascinated most of people towards car accessories. The advanced car accessories offers a trendy look to car as well as comfort. The interior accessories such as MP3 players, LED screens, speakers and stereo devices offers entertainment while…
Motorcycle Accessories Market Prophesied to Grow at a Faster Pace by 2016 - 2026
Improved economic outlook across the globe resulted into substantial increase in purchasing power of consumers over the past few years. Consequently, several industry verticals reported an increase in overall demand for respective products, and automotive industry is no different. However, different trends in sales reported across sub-segments within the automotive sector, but motorcycle sales has always remained impressive, particularly in high potential markets. Growth in global motorcycle market ascertained the…
Natural Food Beverage Foaming Agent Market Detailed Analytical Overview by 2016 …
Introduction
A foaming agent is a surfactant, which when present in small amounts, facilitates the formation of a foam, or enhances its stability by inhibiting the coalescence of bubbles. Natural Food & Beverage foaming agent are food additives which are used maintain the uniform dispersion of gases in aerated foods. Foam is produced with the help of trapping the gas bubbles and it is offered either in form of solid or…
More Releases for App
Best App Localization Services to Globalize Your App Development
The idea behind making a mobile app universal is to ensure that the app is accessed by global users regardless of their locations and language. Before expanding the app, its content and functionality must be localized for multiple languages and countries. GetAnyLanguage is the company that makes it possible.
Since its inception, the company has been doing localization of mobile apps by translating its content into multiple languages…
Anghami Music App now available on Foxxum App Store
Users of Tornado and Toshiba smart TV devices can now enjoy a library of millions of Arabic and international songs, music videos and podcasts on their smart TVs – for free. Through the partnership with Anghami, Foxxum has brought the MENA region’s leading music platform on board of its Foxxum App Store.
With the Anghami smart TV app, viewers with a Toshiba or Tornado smart TV can listen to music…
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…
School Jotter App Trending on the Apple App Store
School Jotter, a UK school mobile app has been trending at #16 for Education on the Apple app store. The app is increasingly gaining popularity thanks to its ability to connect primary school teachers with parents. School Jotter as the most downloaded school mobile app in the UK is also available in multiple markets including the USA, New Zealand, Australia and more.
The user friendly School Jotter mobile app became…
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…
