NEW YORK, June 4, 2021 /PRNewswire/ --
The mobile apps market is expected to grow by $ 653.91 billion, progressing at a CAGR of almost 21% during the forecast period.
NEW YORK, June 4, 2021 /PRNewswire/ --
The mobile apps market is expected to grow by $ 653.91 billion, progressing at a CAGR of almost 21% during the forecast period.
The growing penetration of smartphones, increasing focus on AR apps, and growing m-commerce industry are the major factors propelling the market growth. However, factors such as costs associated with mobile app development and operations, the threat of cyber attacks, and the need to comply with regulations will hamper the market growth.
More details: https://www.technavio.com/report/mobile-apps-market-industry-analysis
Mobile Apps Market: Platform Landscape
iOS accounts for the largest mobile apps market share in the platform segment. Apple iOS is becoming a preferred platform for mobile app developers due to the higher monetization rate of iOS apps. Furthermore, with the launch of new devices, software, and functionalities, the demand for mobile apps on the iOS platform is expected to increase over the years.
Mobile Apps Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 46% of the market's overall growth is expected to originate from APAC. China, Japan, and India are the key markets for mobile apps in APAC.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Platform
Market Segmentation by Revenue Model
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Report: https://www.technavio.com/report/mobile-apps-market-industry-analysis
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