Mobile Applications Market - Industry Analysis, Size, Growth, Trends and Forecast 2014 - 2020

Albany, NY -- (SBWire) -- 06/18/2018 --The global mobile applications market is a choc-o-bloc with big, small, and mid-sized companies that operate in global as well as regional markets, states Transparency Market Research (TMR) in a new report. Key companies such as Apple Inc. and Google Inc. hold large market shares due to their impeccable top of the line products for an array of uses.

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The global mobile applications market is mainly driven by the incessant demand for smartphones and tablets across the world. The mobile applications market is anticipated to witness strong growth as a large population are increasingly owing Internet-enabled smartphones for an array of needs.

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High-speed cellular networks with wide bandwidth spectrum is increasingly being offered by major mobile carriers across the world. This, along with increase in number of downloads of mobile apps is fuelling the mobile applications market. As per statistics, 102,062 mn mobile apps were downloaded in 2013 and this number is anticipated to reach 268,692 mn by the end of 2017.

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Mobile applications are software that are user friendly and are designed for operating on mobile devices such as smartphones, tablets, and other handheld devices. With the rising adoption of smartphones, there has been continual development of mobile apps for an array of uses such as gaming and entertainment, social, travel, shopping, etc.