MOBILE A/B TESTING MARKET ANALYSIS

Market Challenges And Opportunities

Factors driving growth of the global mobile A/B testing market:

The increasing dependency of companies on smartphone apps for business is expected to drive the global mobile A/B testing market over the forecast period. For instance, according to Coherent Market Insights analysis, in 2018, India had around 487 million internet users and by 2023, India is expected to have 603.2 Mn internet users. This is expected to offer huge online business opportunities for the companies in the coming years. Moreover, increasing penetration of smartphones and internet, among population are shifting buying trends of consumers from buying from offline to online stores.

Furthermore, to keep up with this trend, companies are changing their business strategies from retail store selling to online selling, which include sales through websites and smartphone apps. Therefore, companies are focusing on developing smartphone apps, as these apps act as a communicating media between consumers and companies. Increasing demand of smartphone app is expected to drive growth of the A/B testing market over the forecast period. Companies such as Facebook Inc., Amazon.com, Inc., and Google Inc. constantly run A/B tests in their mobile apps. A/B testing is crucial for user experience optimization and conversion rate optimization on a smartphone.

However, high initial cost of mobile A/B testing implementation is expected to hamper the growth of the global mobile A/B testing market over the forecast period. To overcome this barrier, key players in the market are providing different purchasing options according to consumer’s needs and budgets. For instance, Apptimize, a U.S.-based A/B testing company introduced three planes for A/B testing which includes, standard, silver, and gold. These planes are according to consumers’ A/B testing needs and budget.

Restraints

However, high initial cost of mobile A/B testing implementation is expected to hamper the growth of the global mobile A/B testing market over the forecast period. To overcome this barrier, key players in the market are providing different purchasing options according to consumer’s needs and budgets. For instance, Apptimize, a U.S.-based A/B testing company introduced three planes for A/B testing which includes, standard, silver, and gold. These planes are according to consumers’ A/B testing needs and budget.