Mobile App Development Market is projected to grow USD 399.8 billion by 2032

Market Scenario

Market Research Future (MRFR), states that the global Mobile App Development market 2024 can rise at about 22.9% CAGR through the review period 2024 to 2032. MRFR to provide detailed analysis of COVID-19 along with THE Mobile App Development market report. The high dependency of people on smartphones, especially in the time of social distancing is expected to provide thrust to the mobile app development market. The rise in the growth prospectus of mobile app in IT industries are boosting the demand for mobile apps among multiple industries for different applications.

The rise in utility of devices driven by software, such as tablets, smartphones, and other devices can boost the expansion of the market. The growing popularity of automation devices and internet TV can impel the expansion of the mobile app development market. The rapid exploitation of IOS and android platforms for deploying mobile apps designed by reputed software developers can impel the expansion of the market.

The expansion of the mobile application market can be attributed to the fastest growing IoT sector that allows seizing volume of information that is used to optimize and enhance application features for their end-consumers. The rise of the Mobile App Development market is also due to high market penetration of IoT, smartphones, rise in the usage of mobile apps, such as media, games, social networking, and e-commerce.  The high cost involvement and lack of technical expertise in the development of mobile app are potential restraints of the expansion of the mobile app development market.

Segmental Analysis

The world market of mobile app development is based on deployment type, vertical, and organization size. COVID-19 breakthrough for the market is mentioned in the report.

The deployment type based, the mobile app development market segmenst are cloud and on-premise.

By organization size based, the mobile app development market segments are small & medium enterprise and large enterprise.

The vertical size based, the mobile app development market segments are BFSI, Media & Entertainment, Education, Healthcare, and Transportation & Logistics.

Regional Analysis

The mobile app development in Asia Pacific is expected to dominate the world market of mobile app development platform. The high availability of affordable tablets and smartphones and their high adoption rate in organizations can improve the expansion of the regional mobile application development market in the years to come. In addition, the rise of digital technologies is likely to be responsible for the expansion of the MADP market across different countries; such as India and China. In North America the expansion of the mobile app market can at a highest CAGR across the review period. The `rise in the involvement of potential players to provide forum for the production efficient mobile applications can boost Europe mobile app development market in the years to come. In Asia Pacific, the mobile application development market is likely to rise due to increase in businesses spending on applications of middleware. Other factors that can drive the expansion of APAC mobile application development market are the rise in the availability of insufficient resources for start-ups in mobile application development and proper infrastructures. The mobile app development market in Middle East Africa and Latin America regions can witness steady growth for the market.

Key Players

MRFR identified some reputed Global Mobile App Development developers. They are; Google, Inc. (U.S.), IBM corporation (U.S.), Microsoft Corporation (U.S.), Facebook, Inc. (U.S.), Amazon, Inc. (U.S.), Verivo software, Inc. (U.S.), Kony, Inc. (U.S.), Infosys, Ltd. (India), Apple, Inc. (U.S.), and Wipro Corporation (India) among others.