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Mobile Application Market is expected to reach approximately USD 165 billion by 2023(October 19, 2017)
The Mobile Applications market holds some of the major application development players like 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.
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 Pokémon 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.
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.
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For the purpose of this study, Market Research Future has segmented the market of mobile application market into categories, platform, end - users, and region.
End – User
- Hotels & Restaurant
- North America
- Asia pacific
- Rest of the world.
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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 ratio is also increasing which is giving rise for the application developers to develop new and technologically advanced application based on demographics.
Table Of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Mobile Application
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
LIST OF TABLES
Table 1 Mobile Application Market, By Category
Table 2 Mobile Application Market, By Platform
Table 3 Mobile Application Market, By End – User
Table 4 Mobile Application Market, By Region
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