Market conditions are very important, especially in launching a mobile application. Our best service is proven 100% according to the market requirements for clients. The following is an insight into the market from 2019-2026. In 2018, the global mobile apps market was worth $106.27 billion. By 2026, it is expected to have grown at a CAGR of 18.4% from 2019 to 2026, reaching $407.31 billion.
The various software applications are designed to run on multiple smartphones, tablets, and computers. Mobile apps frequently offer users similar services to those available on PCs. Mobile applications’ main goal is to connect users to internet services by allowing them to use the internet on their mobile devices.
The major factors driving the market’s growth are an increase in the adoption of variable devices and an increase in the customer for the e-commerce industry. High downloads and in-app purchases for gaming apps have fueled the market’s growth.
The mobile application market is expected to lack high-speed connectivity in developing and underdeveloped regions and the uncertainty of businesses developing their own apps. Additionally, increased digitalization investment, adoption of internet of things technology, and mobile-connected intelligent objects are expected to provide significant opportunities for market growth over the forecast period.
Due to the rise in several mobile gaming apps in developing nations such as China and India, which drive the market’s growth, the gaming segment dominated the mobile application market in 2018. This Segment will maintain its dominance during the forecast period.
Furthermore, due to the rapid increase in the use of various entertainment applications, the music segment will grow at a significant CAGR over the forecast period. The mobile application market analysis focuses on this report, which looks at growth prospects, restraints, and trends. Porter’s five forces analysis is used to understand the impact of various factors on the mobile application market, including supplier bargaining power, competitor competitive intensity, the threat of new entrants, the threat of substitutes, and buyer bargaining power.
Big Company Like Apple Inc., Hewlett Packard Enterprise, Intellectsoft, Google LLC, International Business Machines Corporation, Microsoft Corporation, and Verbal Technologies are among the leading players in the mobile apps market.
According to the report, they are expanding their market share and strengthening their position in the industry; these companies use a variety of strategies.
Top Critical Factors on Mobile Apps
Increase In Data Usage & Internet Penetration
One of the major factors driving the market’s growth in developing countries like China, India, and Brazil has increased data usage and internet penetration. Furthermore, the internet connection has risen to prominence as a primary mode of communication via various devices such as laptops, smartphones or tablets over the last decade. The internet allows users to access a variety of applications with minimal cost and effort and provide a faster means of communication. Furthermore, due to the growth of the e-commerce industry, product assortment, attractive offers, and various discounts available only on e-platforms, the number of online buyers has increased significantly.
Moreover, growing multiple offers provided by different network providers for low-cost data plans reduce internet costs. It helps developing countries to quickly adopt these cost-effective services. Based on the study conducted in India, the number of rural internet users increased to 627 million in 2018, propelling the market forward.
Enterprises’ Apprehension About Developing Their Mobile Apps
Due to the increasing uncertainty of available applications and the rising cost of other applications, various organizations invest large sums of money in developing their own apps. Furthermore, multiple applications must be updated regularly to ensure seamless app operations and transactions. Upgrading these applications now takes more time and money. As a result, the market’s expansion is stifled. Moreover, various organizations invest in collaborations or alliances to provide users with a collaborative platform, which lowers their development and maintenance costs.
Growth In Machine Learning and Artificial Intelligence on Mobile Apps
Artificial intelligence is an integral part of different smartphones and their development. Smartphone manufacturers such as Apple, Samsung, Huawei, and others, are leveraging machine learning and artificial intelligence to develop their smartphone models, thus, providing lucrative opportunities for the growth of the market.
Furthermore, according to a study, 200 mobile application companies are expected to include AI artificial intelligence and machine learning in smartphones to improve various features such as camera and security applications. Moreover, companies are implementing artificial intelligence in smartphones and tablets to empower mobile applications and increase different mobile devices’ performance. In addition, AI allows mobile apps development to get insights from various data generated by all users and helps improve the user’s decision-making capabilities, thus offering lucrative opportunities for the mobile application market.
Critical Benefits for Mobile Apps Market
The study examines the global mobile application market forecast and current and future trends to identify potential investment opportunities. Porter’s five forces analysis shows how powerful buyers and suppliers are in the industry. To determine the market potential, a quantitative analysis of the mobile application industry is provided for 2019–2026.
Key Market Segments
- The U.S.
- South Korea
- Latin America
- Middle East
- Apple App Store
- Google Play Store
By App Category
- Entertainment & music
- Health & fitness
- Travel & Hospitality
- E-commerce & Retail
- Education & learning
Get Your Mobile Apps Market and Development with Emveep
After describing the state of the mobile apps development market. Then it’s your turn to take action to expand your wings in improving the performance of mobile apps. We are very aware of developments in this mobile app’s market from year to year. In addition, we are experienced in handling client problems in mobile apps development. Here are the case studies that we have completed:
1. Case Study: Tradesmen Management Tool
Project Description: Fixington is a tradesmen management tool that makes tradesmen’s work easier. This tool also includes a calendar and billing app that tradesmen can use to manage their work and share their availability to send online bookings directly to their phones.
About The Project: We build a web and mobile apps development for IOS that helps Fixington to match their customer with the best tradesperson to solve their problem. This application help independent tradesman simply track jobs, create invoices, and process payment simultaneously. Highly skilled tradesmen will spend less time on paperwork and marketing with this tool, resulting in a more consistent workstream. They are no longer responsible for marketing, scheduling, or payment processing. Residents can also take advantage of online booking and simple payment processing.
- Suitable for any job, all shapes, and sizes
- Simple calendar and job list designed especially for tradesmen
- Create an invoice and send it to customers via email, Facebook, iMessage, etc.
- Create and send an estimate for any future potential work.
- Keep track of charges and payments.
- Import contacts to quickly create customers for the invoices.
- Customize a professional invoice and add any items that need to charge
- Offline access to browse and complete all your jobs and customers offline
- Take card payments using an iZettle device (bought separately) and automatically have them recorded against the appointment.
- Synchronize all data with the central server
2. Case Study: Entertainment Apps for Movies and Series
Project Description: GoPlay is a subsidiary of Gojek Indonesia which provides download and streaming services for the latest movies/series. Various original content is only available on GoPlay, such as Gossip Girl Indonesia, Ratu Ilmu Hitam, Filosofi Kopi the Series, 27 Steps of May, etc.
About The Project: GoPlay chooses Extended Team services in web apps and mobile apps development. Emveep helps GoPlay add features to improve the streaming and movie viewing experience by developing web and mobile apps. In addition, envelop also fixes bugs that interfere with the best experience for GoPlay consumers when watching or Livestream. So that movie lovers can watch comfortably supported by the latest features designed.
- Added best features for you and preferences on Livestream.
- Improve the resolution feature to multi-resolution.
- Added swipe-up feature.
- Creating a static website with the best website structure for the GoPlay campaign.
- Added top-up features for Google Play Billing and Apple Pay.
3. Case Study: Medical Website and Application
Project Description: SehatQ is a medical website in Indonesia that provides articles about disease and medicine and lists doctors and hospitals. It also allows patients to have online consultation, and after that, they can have medical action regarding the reference.
About Project: Emveep helps SehatQ develop the SehatQ website in the Frontend aspect. People can quickly consult their health condition with doctors or specialists on this website. This website also provides articles about tips and tricks related to health, information about up-to-date health issues in Indonesia. People can online redeem medicine on the SehatQ application, and also they can see information about promos such as Medical Check-Up and vaccination promos.
- Google analytics
- Web frontend SehatQ.com
- CMS (Content Management System)
- Application for SehatQ’s partner
How Many Budgets Should You Spend on Development?
Many of our potential clients ask this question. However, the development budget can be adjusted to the costs you have. For more details, you can first consult with us here to get our best service based on your budget.
How Development Process with Emveep
Get your initial steps quickly and simply in developing your mobile app. Here’s how.
1. Explain a Brief of Your Project
Tell us the brief of the Project you want to develop. Making this project brief is enough for you to create a tor or terms of reference and the software requirements you want to build. Pretty easy, isn’t it? This is your first step in creating the application you wish to.
2. Choose Our Services
Select the service you want for your device development. The services we provide for you are fixed bid and extended team. Fixed bid services can make it easier for you to recruit developers and project coordinators. We will send the best team for your device development. For the extended team service, you can recruit one of the talented developers to complete the team you are building.
3. Get Quotation
After determining our best service for you, you will get the best offer recommendations from us. If you offer us a budget, you will get a recommended offer regarding the development carried out later.
4. Project Kick-Off
Once you get our services, our team will execute your development immediately. We implement the targets achieved based on our agreement with you in the process.
Don’t know what to do?
You can ask us about this via contact us. Consult with us about your requirement in developing mobile applications. Get your Quotation with Emveep!