Mobile Application Market Mobile Application Market | Seite 2

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