Global Mobile Application Market, By Categories (Gaming and Non-Gaming), By Platform (iOS, Android, Windows and others), By End – User (Banking, Retail, Airlines, Media, Education, Transport, Hotels & Restaurants and Government) – Forecast to 2023
Pune, India - October 15, 2018 /MarketersMedia/ —
Market Highlights:
Technological advancement is aiding the development of compact electronic devices such as smartphones and increasing the reliance on cloud-based solutions. mobile applications are potable software that can be run on the mobile phones or other portable devices. Market Research Future (MRFR) has published a report stating that the global mobile application market is anticipated to expand significantly at a CAGR of 14% during teh forecast period of 2017-2023 and reach the market valuation of USD 165 Bn by the end of 2023.
In October 2018, Tyler Technologies, Inc., a Texas-based software company, has announced the launch of new mobile application, New World ShieldForce which is now available for command staff, first responders and patrol officers through the IOS platform. By the end of 2019, this application will be available for Android users as well.
In October 2018, ARCOS LLC has launched mobile application of the ARCOS Crew Manager software which will aid utility field supervisors and crew members to get a real-time view into the location and availability of crew, equipment and vehicles from their mobile devices.
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Major Key Players
• Willow Tree, Inc (U.S.),
• Google Inc (U.S.),
• Nokia Corporation (Finland),
• Amazon Inc (U.S.),
• Intellectsoft US (U.S.),
• Microsoft Corporation, (U.S.)
• Y Media Labs (U.S.),
• Appster (Australia),
• Gameloft SE (France),
• Konstant Infosolutions (India).
The market for Mobile application is growing at a significant rate and includes many new entrants in the mobile app development market majorly in Smartphones & tablets under the gaming category with the increase in AR & VR advancements.
According to MRFR, The Mobile Application Market is expected to reach approximately USD 165 billion by the end of 2023 with approximately 14% CAGR during the forecasted period from 2017 – 2023.
Industry Updates:
In October 2018, Jetson, a U.S.-based company, has announced the release of its intelligent, voice-commerce ordering application named ' Jetson Voice Assistance. This application enables the users to place orders at restaurants conversationally.
In October 2018, the U.S.-based 11-member team for mobile application development with the Air Force Life Cycle Management Center's Business and Enterprise Systems Directorate has developed its first organic mobile application prototype named the Integrated Logistics System-Supply (ILS-S) application.
Market Drivers:
Increasing penetration and user-base of smartphones all over the world is one of the major factors that are driving the global mobile application market. With the incorporation of artificial intelligence, the demand for optimized mobile applications has increased significantly, leading to the expansion of the global mobile application market. With the advent of web-apps and conversion of conventional website-based e-commerce services into mobile applications, the popularity of mobile applications has increased, leading to the expansion of the global mobile application market. Inclination of various sectors towards operating through a mobile application in order to create ease in functionality and improve the reachability are some of the major factors that are propelling the growth of the global mobile applications market. Rise in internet penetration and increasing LTE adoption are impacting positively on the growth of the global mobile application market during the assessment period.
Market Segmentation:
The global mobile application market has been segmented on the basis of categories, platform and end-user. Based on categories, the mobile application market has been segmented into gaming and non-gaming. The non-gaming segment is sub-segmented into productivity, entertainment, social media, browser, and others. Based on platform, the mobile application market has been segmented into iOS, android and windows. Based on end-users, the mobile application market has been segmented into banking, retail, airlines, media, education, transport, hotels and restaurants, government and others.
Regional Analysis:
Geographically, the global mobile application market has been segmented into four regions such as North America, Europe, Asia Pacific and the rest of the world. The Asia Pacific region is anticipated to constitute for a substantial share in the global mobile application market owing to the high penetration of smartphones in the emerging economies of this region and high demand for mobile application-based solutions in various industrial sectors in this region. The North America region is expanding at a significant rate in the global mobile application market owing to the easy adoption of advanced technology in this region. The Europe region is projecting notable growth in the global mobile application market owing to the high demand for mobile-based applications in this region.
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Intended Audience
• Device manufacturers
• App store providers
• Games developers
• Mobile phone distributors
• Mobile App developers
• Research firms
• Software investors
• Software Developers
• IT enablers
• Government agencies
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Contact Info:
Name: abhishek Sawant
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Organization: Market Research Future
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For more information, please visit https://www.marketresearchfuture.com/reports/mobile-application-market-4497
Source: MarketersMedia
Release ID: 424114
