Mobile Application Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Mobile Application Market 2018 Mobile Application Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 The mobile application is one of the fastest growing market and will continue to grow at a significant rate majorly due to increased penetration of smartphones and internet. The drivers that drive the market for mobile applications is the increased application of augmented reality and Virtual Reality. The smartphones at present are enabling the sensors like gyroscope, accelerometers and motion sensors in the smartphones and tablets to ensure the capability of AR & VR on the mobile phone through various apps. Games like ‘PokĂŠmon Go’ follow this lead. This has also been affected by the IOT dominance majorly in smart homes. All the lighting, temperature, music and security controls are handled by the mobile applications connected via Wi-Fi or Bluetooth. Mobile applications have become a companion for any smartphone user whether it is a native application by trusted developers or some Third party developer applications, the rise of mobile application is significant which includes many different categories of mobile app usage. Due to better and interactive user interface, many new and emerging third party applications developers are entering the market.
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Mobile Application Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Mobile Application Market Research Report - Global Forecast 2023” Basically, Mobile application is an interactive interface that connects the users with the smartphone features. There are a huge number of mobile applications for smartphones and tablets categorized under different categories and subcategories. The mobile application market is growing at a significant rate and will continue to grow at such rate due to increased smartphone and internet penetration. 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.
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Mobile Application Market 2018 Market Segmentation
The mobile application market has a huge segmentation on various basis. It is segmented here on the basis of Categories, Application Platform, End User and region. However on the basis of categories, the segmentation is further bifurcated on the basis of gaming and Non - gaming applications which is further divided into productivity, entertainment, social media, browser, and others. Out of gaming and non-gaming applications, gaming applications have witnessed most number of downloads and usage. Companies like Gameloft, EA sports, Ubisoft are developing the high end graphic games that are playable on the smartphones. The mobile applications have seen its usage in the sectors like banking, retail, airlines, transport, hotels & restaurants and government. The market is also segmented on the basis of platform used for the mobile application which is categorized under iOS, Android, windows and others. Out of these, Android is leading the platform space followed by iOS.
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Mobile Application Market 2018 Application & Major Players in this Research: Mobile Application Market Prominent 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). Request a Sample Report @ https:// www.marketresearchfuture.com/sample_request/4497
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Mobile Application Market 2018 Mobile Application Market - Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The competitive landscape of the mobile application market is formed by some major players and many of the new entrants in the third party application developers. The leaders constantly keep innovating for the new technology and investing in research and development. The mobile application market has driven many end users like banking, retailing, media, and government. The segmentation is also divided on the basis of region under North America, Asia pacific, Europe and Rest of the world. Asia pacific region is expected to lead the market for mobile applications. This accounts for the increased usage of smartphone and internet in emerging economies like India and China. Another reason for the growth of market in Asia pacific region is due to the large concentration of smartphones manufactures. Out of top 10 smartphones manufacturers globally, 8 are based out of Asia pacific and 7 out of 10 are emerging companies from China. Also due to large population of these two countries, the smartphone per user 6
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