Mobile Application Market to Grow at a Robust Pace During 2022-2028

The Mobile Application market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

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The research offers segment wise analysis of the Mobile Application market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

Mobile Application market by Store Type

The market has been classified into google store, apple store, and others. Under these, the apple store segment held a significant market share of>61% in 2021. This is mainly attributed to comparatively higher monetization rate of iOS apps for revenue gained from in-app purchases & premium apps, thereby boosts the segment growth in the coming years.

Mobile Application market by Application Type

The market has been classified Gaming, Music & Entertainment, Health & Fitness, Social Networking, Retail & e-Commerce, Others. Under these, the gaming segment held a significant market share of more than 42% in 2021. and is projected to grow at a robust CAGR in the coming years.

Regional Insights

The North American market held the highest market share of more than 31% in 2021 and is projected to grow at a healthy CAGR in the coming years. Presence of key market players in the region, increasing smartphone penetration, strong in-app consumer expenditure, and a relatively higher number of mobile application downloads, further bolsters the regional market growth during the review period.

Key Players

The following are the key players in the Mobile Application market-

• Apple Inc. (US)
• Google LLC,
• Microsoft Corporation,
• Amazon Inc.,
• Gameloft SE (France)
• Netflix Inc.,
• Ubisoft Entertainment (France)
• Practo (India)
• Cure.fit (India)
• Xiaomi Corp (China)

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