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Global Market Study on Mobile Applications: Games Use Segment to Reach a Market Valuation of US$ 43.99 Billion by 2024 end R e s e a r c h Report Media Releases Global Mobile Application Market Revenue to Register a CAGR of 11.1% by 2024; Increasing Demand for Game Apps Likely to Fuel Market Growth Persistence Market Research delivers key insights on the global mobile application market in a new report titled, “Global Mobile Application Market: Industry Analysis and Forecast, 2016– 2024”. The global mobile application market is projected to register a healthy CAGR of 11.1% M a r k e t during the forecast period 2016-2024. The market is likely to witness an absolute dollar opportunity of US$ 50.47 Bn between 2016 and 2024. Market dynamics Rising disposable income increases the probability of consumer spending on media, entertainment, networking, and mobile communication; leading to higher potential sales of mobile applications. The instances of mobile application adoption are very high among the urban population as compared to the rural population – and hence there is high demand for mobile applications in developed regions (where the urban to rural population ratio is higher than developing regions). These factors have led to a rapid growth of the global mobile application P e r s i s t e n c e market over the last few years and this trend is likely to continue in the coming eight years. Browse Complete Report @ http://www.persistencemarketresearch.com/market- research/mobile-applications-market.asp The global mobile application market is expected to witness substantial growth over the forecast period owing to advancements in the electronic, telecommunication, and m-commerce industries. Leading global smartphone manufacturers such as Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Lenovo Group Limited, LG Electronics Inc., Microsoft, etc. are making strategic investments in the development and production of their own application processor (AP) to differentiate their offerings and maintain increased market share and margins. There is also a rising trend of m-commerce particularly among the working population, and this has increased the demand for mobile applications. Growing internet penetration and rising subscription in social media are some of the other key factors driving the growth of the global mobile application market. Global Mobile Application Market 2016-2026 R e s e a r c h Download Sample Report @ http://www.persistencemarketresearch.com/samples/2592 Among regions, North America is expected to dominate the overall global commercial refrigeration equipment market over the forecast period. Sales of commercial refrigeration equipment in North America is projected to increase from US$ 7,960.7 Mn in 2015 to US$ 12.54 Bn by 2026. Growing Asian economies such as China and India are expected to witness relatively faster growth during the forecast period. The China commercial refrigeration equipment market is expected to grow with the highest value CAGR of 8.2% in the forecast period. The market in Asia Pacific excluding China is expected to register a relatively high CAGR of 5.3% throughout the period 2016-2026. M a r k e t The global mobile application market is segmented on the basis of Store Type (Apple App Store, Google Play, Others); End Use (Games, Social Networking, Healthcare, Books, Music, Productivity, Education, Entertainment, News, Photos and Videos, Navigation, Travel, Business, Others); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa). Download Report Table of Content, Figures, and Tables @ http://www.persistencemarketresearch.com/market-research/mobile-applicationsmarket/toc The Apple App store segment is estimated to account for a revenue share of 47.2% in 2016. The P e r s i s t e n c e Google Play segment is anticipated to reach a market valuation of US$ 17.22 Bn by the end of 2016 and this is expected to increase to US$ 43.53 Bn by 2024 end, registering a CAGR of 10.8% over the forecast period. The Games end use segment is estimated to be valued at US$ 18.45 Bn by the end of 2016 and this is expected to increase to US$ 43.99 Bn by 2024, witnessing a CAGR of 11.7% over the forecast period. As compared to the other segments, the Games segment is expected to exhibit a relatively high attractiveness index over the forecast period. Among regions, APAC is estimated to be the largest market for mobile applications throughout the forecast period. The APAC mobile application market is estimated to be valued at US$ 15.94 Bn by the end of 2016 and is expected to increase to a market value of US$ 41.97 Bn by 2024, registering a CAGR of 10.6% between 2016 and 2024. The North America mobile application market is estimated to account for a revenue share of 21.0% in 2016. Global Mobile Application Market 2016-2026 operating in the global mobile application market. The companies featured in the report are Google Inc., Microsoft, CA, Cognizant, Hewlett Packard Enterprise Development LP, SAP SE, China Mobile Limited, Samsung Electronics Co. Ltd., Apple Inc., and Opera Software. Top market companies lay strong emphasis on strategic mergers and acquisitions, technology advancements, and competitive pricing to retain their position in the global mobile application market. P e r s i s t e n c e M a r k e t R e s e a r c h The global mobile application market report profiles some of the leading market players Global Mobile Application Market 2016-2026 R e s e a r c h M a r k e t About Us: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Our offerings include pre-built reports that address every major sale, customized solutions to cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the most complex problems of clients. We do not follow a reactive approach, but a pro-active one. Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and provide the latest insights into these technologies when they are being commercialized. Our ground-breaking approach allows us to deliver market solutions before the technologies reach the market. Our client success stories feature a range of clients from Fortune 500 companies to fast-growing P e r s i s t e n c e startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset. Contact Us: Persistence Market Research 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 Email: [email protected] Website: http://www.persistencemarketresearch.com/ [email protected] Stay updated with our official Blog: http://pmrblog.com Global Mobile Application Market 2016-2026
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