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Insights on the Global Mobile Apps Market | COVID-19 Impact and Analysis of Related Markets Drivers, Opportunities and Threats | Technavio

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LONDON–(BUSINESS WIRE)–#GlobalMobileAppsMarket–The mobile apps market is expected to grow by USD 497.09 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the mobile apps market in optimistic, probable, and pessimistic forecast scenarios.

The mobile apps market will witness Positive and Superior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.

Enterprises will go through Respond, Recover and Renew phases. Download free report sample

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID crisis and towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Major Three Mobile Apps Market Participants:

Alphabet Inc.

Alphabet Inc. operates its business under Google and other bets segments. Google offers products such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware (including Nest), Search, and YouTube. Other bets include businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. Inc. Inc. operates its business in North America, International, and Amazon Web Services.

Apple Inc.

Apple Inc. has business operations under various segments, namely iPhone, iPad, Mac, Wearables, Home and Accessories, and Services.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: mobile apps market-industry-analysis

Mobile Apps Market 2020-2024: Segmentation

Mobile Apps is segmented as below:

  • Platform

    • iOS
    • Android
    • Others
  • Application

    • Games
    • Social networking
    • Music
    • Video
    • Others
  • Revenue Model

    • Advertisement
    • In-app purchase
    • Subscription
    • Pay per download
  • Geography

    • North America
    • Europe
    • APAC
    • MEA
    • South America

The mobile apps market is driven by the growing penetration of smartphones. In addition, other factors such as the development of hybrid mobile apps is expected to trigger the mobile apps market toward witnessing a CAGR of almost 21% during the forecast period.

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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