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Global Mobile Application Market by Platform (iOS, Android, Windows and Others), By End-User (Games, Media & Entertainment, Healthcare, Education, Travel, Banking and Others) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)- Global Forecast to 2027
Global Mobile Application Market Overview:
Mobile Application refers to an application designed to run on smartphones, tablets, or other mobile devices. Mobile device users can connect to the mobile software application store via the wireless network to download or use it for free or for a fee. In addition to being able to browse and transact as a general online store through a web browser, mobile software application stores usually create exclusive apps that allow users to enter with one click. The interface is more convenient than web pages. Some mobile applications are free, and some are charged.
Global Mobile Application Market Insights
The global mobile application market size is valued at USD 146.95 billion in 2019 and expected to generate USD 453.03 billion by 2027, growing at a CAGR of over 13.61% during the forecast period 2020-2027. The growth of the market is based on advancements in networking, low-cost mobile data-usage, and smartphone proliferation. Further, the surge in the penetration of smartphones, the internet, and the growing application of augmented reality and virtual reality are expected to propel the growth of the mobile application market in the upcoming periods. Additionally, the rise in the adoption of variable devices and the upsurge in customer base for the e-commerce industry are driving the growth of the mobile application market in the future periods. Also, the increasing disposal incomes in various developing nations and the constant advancements in telecommunication technology will spur the global mobile application industry in the projected periods.
Moreover, the growing penetration of various social networking websites and the addition of several value-added features will boost industry growth. Also, the increase in investment in digitization, rise in adoption of IoT technology, and mobile connected smart object likely to trigger the growth of the global mobile application market share in the analysis periods. Furthermore, the increasing LTE adoption and rising subscription in social media across the world will accelerate the growth of the market. Also, the increase in demand for tablets and smartphones, coupled with the availability of free apps, will boom the forecast time frame’s mobile application market. The rising popularity of mobile commerce in developed and developing regions, especially among working populations, will augment the robust growth of the mobile application industry in future periods. Additionally, the increase in demand for better-featured smartphones loaded with good processing speed and similar capabilities is anticipated to bolster the growth of the global mobile application market.
Growth Driver
Increasing data usages and internet penetration
The surge in data usages and internet penetration across the world is one of the major driving factors for the growth of the market in China, India, and Brazil. Additionally, the internet has emerged as a prime medium of communication through various devices such as laptops, devices, smartphones, and tablets. Further, the internet helps in accessing different applications with minimum costs & efforts and provides a faster way of communication. Moreover, the surge in various offers provided by different network providers for low-cost data plans reduces the costs of the internet. It helps in developing countries to easily adopt these cost-effective services.
The growing usages of AI and machine learning in mobile apps
Artificial Intelligence is an integral part of smartphones and their development. Smartphone manufacturers are leveraging AI and machine learning applications into the development of their smartphone models, thereby influencing the growth of the market. Additionally, major companies are implementing AI in smartphones and tablets to empower mobile applications and increase the performance of various mobile devices.
Platform Segmental Analysis
Based on the platform, the global mobile application market classified into iOS, Android, Windows, and Others. The android will witness remarkable growth in the forecast period. It is primarily attributed to the surge in android users in the world to use mobile apps for games, social networking, entertainment, etc. Further, android will grow with a lucrative CAGR due to the rising number of iPhone and iPad users globally.
End-User Segmental Analysis
Based on the end-user, the global mobile application market segregated into games, media & entertainment, healthcare, education, travel, banking, and others. The games segment captured the largest share in 2019 and projected to dominate the global mobile application market by 2027. It is due to a dedicated gaming base in surging smartphone economies like India and China, and the surge in the number of mobile gaming application in emerging countries.
The media & entertainment will grow at a significant rate in the forecast period because of the rise in the rapid growth of streaming services and the surge in usages of different entertainment applications.
Region Segmental Analysis
Based on geography, the global mobile application market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for the largest share in the global mobile application market in 2019. The region experiences a considerable number of mobile application downloads, a rise in usages of smartphones for day-to-day activities, economic strength, and highly developed mobile infrastructure.
The Asia Pacific occupied a significant share of the mobile application market and projected to remain dominant by 2027. It is due to the rise in the number of mobile apps downloads and the growing adoption of next-generation telecommunication technologies such as long-term evolution and 5G in the region.
Competitor Analysis
Companies such as Google Inc., Microsoft, CA Technologies, Cognizant, Hewlett Packard Enterprise Development LP, SAP SE, China Mobile Limited, Samsung Electronics Co. Ltd., Apple Inc., Opera Software, Intellectsoft, IBM, and Verbat Technologies are the key players in the global mobile application market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global mobile application service providers
- Research organizations and consulting companies
- Organizations, associations, and alliances related to mobile application
- Regulatory bodies
Recent Developments
- In September 2021, The Government of India’s Ayush ministry launched the ‘Y-Break’ yoga app for working professionals to de-stress, refresh and re-focus at their workplace to increase productivity.
- In September 2021, Bank of Baroda has launched the mobile banking application ‘bob World’ to provide an all-inclusive virtual banking experience, surrounding all its digital banking services under one roof, for its customers.
- In August 2021, AIIMS Bhubaneswar launched a snake mobile application and website to help identify snakes found locally.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Platform
- iOS
- Android
- Windows
- Others
By End-User
- Games
- Media & Entertainment
- Healthcare
- Education
- Travel
- Banking
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Mobile Application Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Mobile Application Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Platform
- iOS
- Android
- Windows
- Others
- By End-User
- Games
- Media & Entertainment
- Healthcare
- Education
- Travel
- Banking
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Platform
- Demand
- Market Size & Forecast, 2016-2027
- North America Mobile Application Market Overview
- North America Mobile Application Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Mobile Application Market Share & Forecast, 2016-2027
- By Platform
- iOS
- Android
- Windows
- Others
- By End-User
- Games
- Media & Entertainment
- Healthcare
- Education
- Travel
- Banking
- Others
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Mobile Application Market
- By Platform
- Demand
- North America Mobile Application Market Size & Forecast, 2016-2027
- Europe Mobile Application Market Overview
- Europe Mobile Application Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Mobile Application Market Share & Forecast, 2016-2027
- By Platform
- iOS
- Android
- Windows
- Others
- By End-User
- Games
- Media & Entertainment
- Healthcare
- Education
- Travel
- Banking
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Mobile Application Market
- By Platform
- Demand
- Europe Mobile Application Market Size & Forecast, 2016-2027
- Asia Pacific Mobile Application Market Overview
- Asia Pacific Mobile Application Market Size & Forecast, 2016-2027
- By Platform
- iOS
- Android
- Windows
- Others
- By End-User
- Games
- Media & Entertainment
- Healthcare
- Education
- Travel
- Banking
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Mobile Application Market
- By Platform
- Asia Pacific Mobile Application Market Size & Forecast, 2016-2027
- South America Mobile Application Market Overview
- South America Mobile Application Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Mobile Application Market Share & Forecast, 2016-2027
- By Platform
- iOS
- Android
- Windows
- Others
- By End-User
- Games
- Media & Entertainment
- Healthcare
- Education
- Travel
- Banking
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Mobile Application Market
- By Platform
- Demand
- South America Mobile Application Market Size & Forecast, 2016-2027
- Middle East & Africa Mobile Application Market Overview
- Middle East & Africa Mobile Application Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Mobile Application Market Share & Forecast, 2016-2027
- By Platform
- iOS
- Android
- Windows
- Others
- By End-User
- Games
- Media & Entertainment
- Healthcare
- Education
- Travel
- Banking
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Mobile Application Market
- By Platform
- Demand
- Middle East & Africa Mobile Application Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Google Inc.
- Microsoft
- CA Technologies
- Cognizant
- Hewlett Packard Enterprise Development LP
- SAP SE
- China Mobile Limited
- Samsung Electronics Co. Ltd.
- Apple Inc.
- Opera Software
- Intellectsoft
- IBM
- Verbat Technologies
- Other Prominent Players
Frequently Asked Questions (FAQ):
The global mobile application market is valued at USD 166.95 billion in 2020 and is expected to generate USD 453.03 billion by 2027.
The gaming segment will drive mobile application market growth during the forecast period.
Google Inc., Cognizant, Hewlett Packard Enterprise Development LP, Microsoft, CA Technologies, SAP SE, Verbat Technologies, China Mobile Limited, Microsoft, CA Technologies, Samsung Electronics Co. Ltd., Microsoft, CA Technologies, IBM are the key organizations in the global mobile application market.
Increasing data usages and internet penetration and the growing usage of AI and machine learning in mobile apps are estimated to drive the Mobile Application Market.
The global mobile application market is growing at a CAGR of over 13.61% during the forecast period 2021-2027.
North America will have the maximum share in the global mobile application market in 2020 due to a rise in usages of smartphones for day-to-day activities, highly developed mobile infrastructure, and economic strength.
