Mobile Application Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2014 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Mobile Application Market Analysis, Market Size,

Application Analysis, Regional Outlook, Competitive

Strategies And Forecasts, 2014 To 2020

Growing demand for mobile applications has resulted in the expansion of mobile websites. Companies

developing their own mobile applications have compelled customer engagement in the same. The

worldwide mobile application market is likely to cross USD 25 billion in 2015. It is growing at a CAGR

over 29% from 2010 to 2015.

Mobile application is a client-friendly software. It is designed to operate mobile devices such as tablets,

smartphones and other portable devices. Since the past few years, various categories of mobile apps

have faced technological innovations due to burgeoning popularity of mobile applications.

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Lack of business and few mobile applications specialized for specific industries has limited the market

from expanding further. Additionally, easy accessibility to applications has potentially augmented the

risks associated with data theft through spyware. This is expected to hamper the market.

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Industrial Overview

The mobile application market has rapidly risen in the last few years. It is likely to grow significantly over

the forecast period. Few factors contributing to its growth are restructuring revenue sharing patterns,

and mounting application usability. The growing adoption of smartphones, lowering usage costs of

mobile data, and advancements in network technology also further market sales.

In 2009, over 6 billion applications were downloaded globally from third-party (off-deck), and native

(on-deck) application stores. Both these stores jointly generated revenue over USD 4 billion that year.

With 2.5 billion downloads in 2009, apple dominated the market globally. However new...