MOBILE APPLICATION MARKET ANALYSIS

Mobile Application MarketSize and Trends

The global mobile application market accounted for US$ 183.98 Bn in terms of value in 2023 and is expected grow at a CAGR of 12.7% during the forecast period (2023-2030). A mobile application or an app is a type of application software that is designed to run on a mobile device such as a smartphone or tablet.

Global Mobile Application Market Share (%), By Region, 2022

Asia Pacific dominated the global mobile application market in 2022, accounting for 31.7% shares in terms of value, followed by Europe and North America respectively.

Figure 1: Global Mobile Application Market Share (%), By Region, 2022

Global Mobile Application Market Share (%), By Type, 2022

Figure 2: Global Mobile Application Market Share (%), By Type, 2022

On the basis of store type, the market is segmented...On the basis of end use, the market is segmented into games, social networking, healthcare, books, music, productivity, education, entertainment, news, photos and videos, navigation, travel, business, and others.

Global Mobile Application Market Trends:

On Demand Service Application

On-demand service apps, such as food delivery, ride-hailing, and grocery delivery, have been popular in recent years...

Increasing Adoption of Smart Phones and Mobile devices globally

The global mobile application market is undoubtedly on an upward trajectory and is expected to continue its growth in the coming years...