Pune, India -- (SBWIRE) -- 10/09/2017 -- Market Scenario:
Growing dependency over smartphones has increased opportunities for IT industries to provide mobile apps for various applications to the users. Mobile applications are termed as software which runs on smartphones, tablets, and other devices such as internet TV and home automation devices. IOS and android are the major platforms for which most of the mobile apps is been developed by software developers. The market of mobile application is based on fastest growth in IoT market as it allows seizing more information which is used to optimize and improve the application features used by end-consumers.
The major factor that drives the growth of Mobile App Development market is high market penetration of smartphones, growing IoT market, and high usage of mobile apps especially for applications such as games, media, e-commerce and social networking. However, lack of technical expertise and high cost involvement in app development are the major restraints of market growth.
Globally the market for Mobile App Development market is expected to grow at the rate of more than 14% from 2016 to 2022.
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Major Key Players
- Facebook, Inc. (U.S.),
- Google, Inc. (U.S.),
- Microsoft Corporation (U.S.),
- IBM corporation (U.S.),
- Apple, Inc. (U.S.),
- Amazon, Inc. (U.S.),
- Kony, Inc. (U.S.),
- Verivo software, Inc. (U.S.),
- Infosys, Ltd. (India),
- Wipro Corporation (India)
Target Audience:
- Mobile application providers
- Entertainment industry
- Education industry
- Research and consulting firms
- Small and large enterprises
- Government agencies
Regional Analysis of Mobile App Development Market:
North America is dominating the Global Mobile App Development Market with the largest market share in the region due to high market penetration of IOS devices and presence of major IT industries and therefore is expected to grow with highest revenue by 2022. Mobile App Development Market in Asia-Pacific market is expected to grow at with a highest CAGR as high adoption of smartphone market has projected strong growth in countries such as India, China, and Indonesia among others in the region.
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Segments for Mobile App Development Market:
Global Mobile App Development Market can be segmented as follows:
Segmentation by Platform: IOS, and Android.
Segmentation by Application: Entertainment (Gaming and media), banking, retail, airlines, e-commerce, education, government agencies and social networking among others.
Table of Content
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3. Research Methodology
List of Figures
Figure 1 Research Process
Figure 2 Drivers Of Global Mobile Application Development Market
Figure 3 Global Mobile Application Development Market: By Platform (%)
Figure 4 Global Mobile Application Development Market: By Application (%)
List of Tables
Table 1 Global Mobile Application Development Market (Usd Billion)
Table 2 Global Mobile Application Development Market, By Platform
Table 3 Global Ios Markets, By Region
Table 4 Global Android Markets, By Region
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