Mobile Application Market to expand at a CAGR of 9.6% through 2016-2026

27/apr/2017 12:57:29 Pradnya Kulkarni Contatta l'autore

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Should APEJ retain its leadership crown in the global Mobile application market Throughout the forecast period

APEJ is a highly populous, fast growing region That includes dynamic economies such as China, India, Singapore, Thailand, Indonesia and Australia. A good proportion of These countries are moving first or Mobile only providing limitless opportunities to companies actively Involved in the global mobile application market . While China is currently the largest market at roughly $ 7 Billion in 2016 according to Functional date, India is anticipated to catapult ahead during the later half of the forecast period and register an astounding CAGR of 24.7%. All other markets in the region are predicted to show only single digit CAGR growth, making India the El Dorado That mobile application market companies would do well to target. By the year 2026, revenue from the mobile application market India is estimated to be nearly $ 3 Billion More than China, the second largest market. 

Google Play trumps the Apple App Store in APEJ

The Apple App Store is dominant in affluent regions of the world such as North America and Western Europe. However, it is nowhere near the Google Play Store in the APEJ region. Revenue from the Apple App Store in the Mobile application APEJ market was close to $ 5 Billion in 2016, while Google Play recorded a revenue of around $ 8 Billion in the same year. By the year 2026, this chasm Even More Should become markedly pronounced with a revenue difference of nearly $ 10 Billion in favor of Google Play. The CAGR of the Google Play segment for the forecast period is predicted to be 12.4%.

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Games has the maximum revenue while Travel shows the maximum growth in the Mobile application market APEJ

By end use, Games will account for a lion's share of revenue in the APEJ mobile application market, reaching a valuation of close to $ 18 Billion in the year 2026 from roughly $ 6 Billion in 2016, ie a CAGR of 11.4%. However, travel will record sostanzialmente higher CAGR of 15% during the forecast period in the APEJ mobile application market.   

Japan will remain the smallest market but one in cui mobile gaming is strong

Japan is a nation well-known for its economic strength, highly developed infrastructure moving and being home to a population That is almost always on the bleeding edge of technology. Even with a small population especially Relatively When Compared to North America or APEJ, a CAGR of 6.8% for the decade can be expected, leading to a revenue of a little over $ 3 Billion. By end use, the Games segment is Likely to drop to a Little More than a third of the total market revenue share by the year 2026 from almost half the revenue share in 2016, representing a CAGR of 6.2%. Companies looking to enter the mobile application market Japan Should target Google Play, as opposed to the Apple App Store as it is Likely to maintain its dominance in this highly influential regional market.

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" Games end use segment expected to be the dominant revenue generator in the global mobile application market

Smartphones have all but Replaced personal computers, gaming consoles, MP3 players, calculators, cameras and many more devices. They have become a 'one-stop' solution for many people. The primary use case (and revenue generator) in the global Mobile application is mobile gaming market and it is anticipated to remain so Throughout the forecast period, 2016 - 2026. The Games segment by end use in the global mobile application market generated a revenue of More than US $ 18 Billion worldwide in 2016. This segment is predicted to record a CAGR of 9% and be worth more than US $ 42 Billion in 2026. The Games segment is Likely to account for close to 45% market share in the global Mobile application market by the end of the forecast period and Therefore, its Importance can hardly be overstated for any player wishing to enter this segment. "

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