Smartphone Applications Market Size, Share & Industry | 2030

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Segments - Smartphone Applications Market by Model Types (Off-deck and On-deck) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : V. Chandola

Editor : Shruti Bhat

Report Description

Market Trends Drivers Restraints and Opportunities
Scope of the Report
Market Segment Insights

Segments
Table Of Content
Methodology
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Report Description

The global smartphone applications market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to surging demand for smartphones and tablets globally.

Smartphone Applications Market Key Takeaways

Smartphone application is referred to software that runs on mobile devices like smartphones and tablets. It enables businesses to mobilize their business processes and expand their brands to increase employee and client connection. Mobile applications frequently offer users with facilities that are equivalent to those available on personal computers. This application's main objective is to guide consumers to connect to internet services by allowing them to use the internet on their mobile devices.

The impact of COVID-19 pandemic has been positive on smartphone applications market. Due to significant increase in downloads of various gaming and non-gaming applications by users across the globe, it resulted in increased revenue for the market.

Market Trends, Drivers, Restraints, and Opportunities

Growing demand across a diverse range of applications is one of the key factors driving the market growth.
Advancement in smartphone applications to bring about transformations in end-user expectations is expected to boost the market growth in the coming years.
Growing need to stay connected and get updated with information is projected to fuel the market expansion during the forecast period.
High cost associated with the launch and over the time update of the application presents a major challenge. This is anticipated to hamper the market growth in the projected period.
Technological advancement pertaining to high internet penetration is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global smartphone applications market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Smartphone Applications Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Model Types (Off-deck and On-deck)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Google LLC; Microsoft Corp.; Softeq Development Corp.; Y Media Labs, Inc.; QBurst; Sourcebits, Inc.; Blackberry Ltd.; OpenXcell Technolabs Pvt., Ltd.; Handmark Inc.; and Apple Inc.

Market Segment Insights

Off-deck segment to grow at a rapid pace

Based on model types, the global smartphone applications market is divided into off-deck and on-deck. The off-deck segment is expected to grow at a rapid pace during the forecast period owing to the faster establishment of new independent stores and decreasing entry barriers. However, the on-deck segment is anticipated to hold a key share of the market in the coming years due to the technological advancement pertaining to content delivery and 4G network.

Smartphone Applications Market By Model Types

North America to constitute a key market share

In terms of regions, the global smartphone applications market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period attributed to the presence of a large number of service providers in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the high smartphone penetration and continuous development in cellular markets across the region.

Segments

Segments Covered in the Report
The global smartphone applications market has been segmented on the basis of

Model Types

Off-deck
On-deck

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Google LLC
Microsoft Corp.
Softeq Development Corp.
Y Media Labs, Inc.
QBurst
Sourcebits, Inc.
Blackberry Ltd.
OpenXcell Technolabs Pvt., Ltd.
Handmark Inc.
Apple Inc.

Competitive Landscape

Key players competing in the global smartphone applications market are Google LLC; Microsoft Corp.; Softeq Development Corp.; Y Media Labs, Inc.; QBurst; Sourcebits, Inc.; Blackberry Ltd.; OpenXcell Technolabs Pvt., Ltd.; Handmark Inc.; and Apple Inc. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Smartphone Applications Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smartphone Applications Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smartphone Applications Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smartphone Applications Market - Supply Chain
  4.5. Global Smartphone Applications Market Forecast
     4.5.1. Smartphone Applications Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smartphone Applications Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Smartphone Applications Market Absolute $ Opportunity
5. Global Smartphone Applications Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Smartphone Applications Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Smartphone Applications Demand Share Forecast, 2019-2026
6. North America Smartphone Applications Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Smartphone Applications Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Smartphone Applications Demand Share Forecast, 2019-2026
7. Latin America Smartphone Applications Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Smartphone Applications Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Smartphone Applications Demand Share Forecast, 2019-2026
8. Europe Smartphone Applications Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Smartphone Applications Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Smartphone Applications Demand Share Forecast, 2019-2026
9. Asia Pacific Smartphone Applications Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Smartphone Applications Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Smartphone Applications Demand Share Forecast, 2019-2026
10. Middle East & Africa Smartphone Applications Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Smartphone Applications Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Smartphone Applications Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Smartphone Applications Market: Market Share Analysis
  11.2. Smartphone Applications Distributors and Customers
  11.3. Smartphone Applications Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Google LLC Microsoft Corp. Softeq Development Corp. Y Media Labs, Inc. QBurst Sourcebits, Inc.