Increasing Adoption of Android Phones to Underscore Growth in Mobile Applications Market from 2020 to 2030: TMR
-Fantasy sports apps will hold a prominent place in the global mobile applications market as people who are facing strict lockdowns look for high-end entertainment alternatives
-North America would chart notable growth over the forecast period owing to presence of strong players and increasing research and development (R&D) activities
ALBANY, N.Y., Sept. 10, 2020 /PRNewswire/ -- : A compound annual growth rate of about 20% is set to be charted over the period of 2020 to 2030, taking the market worth up to ~USD 717 billion by the year 2030 from about USD 113.8 billion in the year 2020. While a number of trends and drivers are propelling growth in the mobile applications market, some of the prominent ones include growing adoption of android phones and technological advancement.
As per Transparency Market Research, "E-learning mobile applications are witnessing notable increase in demand, with several million downloads observed over the past few months, amid the raging pandemic. Social media algorithms are supporting e-learning too. This is set to drive the global mobile applications market forward over the aforementioned period and will also create new growth opportunities for players."
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Key Findings of Global Mobile Applications Market Study:
For a detailed analysis of global mobile applications market by operating system, type, and region, visit at https://www.transparencymarketresearch.com/mobile-applications-market.html
Key Drivers of Growth in Global Mobile Applications Market:
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Regional Analysis of Global Mobile Applications Market:
Competitive Landscape of Global Mobile Applications market:
The global mobile applications market is a competitive vendor landscape with a large number of players deploying varied strategies for growth. Some of the key players include Amazon.com Inc., Apple Inc., Broadcom Inc. (CA Technologies), China Mobile Ltd., Cognizant Technology Solutions Corporation, Gameloft SE, Google LLC, Hewlett Packard Enterprise, Intellectsoft LLC, IBM Corporation, Microsoft Corporation, Nokia Corporation, QBurst, Softeq Development Corporation, Sourcebits, Inc., Verbat Technologies, WillowTree Apps Inc, and Y Media Labs Inc.
These players are comprehensively profiled in the market report prepared by Transparency Market Research. It also notes that top players are opting for mergers and acquisitions and strategic and synergistic collaborations to consolidate their position in the market. In 2020, Google acquired AppSheet, and Mobilerlron Inc. acquired incapptic Connect GmbH. Other strategies include product development with high focus on technology and innovation.
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Global Mobile Application Market: Segmentation
Mobile Application Market, by Operating System
Mobile Application Market, by Type
Mobile Application Market, by Region
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