Mobile Application Development Market Insights
The global mobile application development market will propel at a high CAGR over the coming years from 2020 to 2026. Growing usage of smartphones along with the increased opportunities for IT industries to develop mobile apps for different applications are driving the market growth. Mobile applications are software’s installed in smartphones, tablets, and other devices such as internet TV and home automation devices among others. The growing usage and adoption of variable devices such as smart jewellery, smart watches, and fitness among others are also propelling the market growth. Growing online shopping and rise in customer base for the e-commerce industry are also expected to boost the market growth over the forecast period. Growth in enterprise applications along with growing number of health & fitness related applications are driving the market growth. However, the high capital investments for developing mobile applications and technical errors are some of the factors likely to restrain the market growth during the forecast period.
Mobile Application Development Market: By Deployment
Based on the study of the deployment, the market is fragmented into two segments namely; On-premises and Cloud-based. The cloud based segment is expected to grow at a high CAGR in the global mobile application development market during the forecast period. Growth in adoption of internet of things technology along with increasing investment in digitization are propelling the market growth for cloud segment. Cloud based systems make better use of technology and enable the sharing of infrastructure among end users. Cloud based deployment offers greater level of scalability, reducing the ongoing cost of implementation and continual development.
Mobile Application Development Market: By End Use
Based on the end use industry, the global mobile application development market is categorised into BFSI, retail, public services, IT & telecom, and healthcare among others. The BFSI industry is expected to generate highest revenue in the global mobile application development market. Growing demand for online banking, net banking and cash less economies across the globe are driving the market for BFSI segment. Growing prevalence of corona virus across the globe along with going trend for online payments for various activities are propelling the market growth.
Mobile Application Development Market: By Enterprise
Based on the study of enterprise, this market is segmented into two segments namely, small & medium size enterprises and large enterprises. The small & medium size segment is expected to be the fastest-growing segment at a high CAGR during the forecast period. Mobile application helps enterprises to communicate and increase engagement with customers. The mobile applications help organization to increase sales, audience reach and brand recognition among others.
Mobile Application Development Market: By Region
Based on the region, the global Mobile Application Development market is split into North America, Europe, and Asia-Pacific, Middle East & Africa, and Central & South America. The North America region is expected to generate highest revenue during the forecast period. The growing use of mobile applications and the rapid digitalization are driving the market growth for mobile application development. The U.S. is heavily investing and increasing expenditure in the IT sector is expected to propel the market growth in the region. The presence of prominent players including Microsoft, Google, Apple Inc, and Intellectsoft among others are driving the market growth in the region. The Asia Pacific is projected to grow at a high CAGR- during the forecast period. This is due to the improvement in the IT development coupled with growing smart phone usage are some of the significant factors driving the market growth in the region.
Mobile Application Development Market Share & Competitor Analysis
The main key players operating in this market are OutSystems, IBM Corporation, Adobe Systems, Inc., Kony, Appcelerator, Inc, Salesforce.Com, Sourcebits Hewlett Packard Enterprise Company SAP SE, Appcelerator, Inc., Backbase, MicroStrategy Inc., Apple, Inc., Intellectsoft LLC, Oracle Corporation, OutSystems, Inc., Red Hat, Inc., Telerik,Inc, and Microsoft Corporation, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In February 2020, Microsoft launched Office mobile applications with new features to simplify smartphone tasks.
Check the Press Release on Global Mobile Application Development Market Report
Mobile Application Development Market: By Deployment
- Introduction
- Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- On Premises
- On Premises: Mobile Application Development Market, 2018-2026 (USD Million)
- Cloud-based
- Cloud-based: Mobile Application Development Market, 2018-2026 (USD Million)
Mobile Application Development Market: By Enterprise Size
- Introduction
- Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Small & Medium Size Enterprises
- Small & Medium Size: Mobile Application Development Market, 2018-2026 (USD Million)
- Large Enterprises
- Large Enterprises: Mobile Application Development Market, 2018-2026 (USD Million)
Mobile Application Development Market: By End User Industry
- Introduction
- Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- Aerospace & Defense
- Aerospace & Defense: Mobile Application Development Market, 2018-2026 (USD Million)
- Banking, Financial, and Insurance (BFSI)
- Banking, Financial, and Insurance (BFSI): Mobile Application Development Market, 2018-2026 (USD Million)
- Healthcare
- Healthcare: Mobile Application Development Market, 2018-2026 (USD Million)
- IT & Telecom
- IT & Telecom: Mobile Application Development Market, 2018-2026 (USD Million)
- Public Sector
- Public Sector: Mobile Application Development Market, 2018-2026 (USD Million)
- Retail
- Retail: Mobile Application Development Market, 2018-2026 (USD Million)
- Other
- Other: Mobile Application Development Market, 2018-2026 (USD Million)
Mobile Application Development Market: By Region
- Introduction
- Global Mobile Application Development Market, Regional Analysis, 2018-2026 (USD Million)
- North America
- North America Mobile Application Development Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment
- North America Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- North America Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- North America Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- By Country
- U.S.
- By Deployment
- U.S Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- U.S Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- U.S Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Canada.
- By Deployment
- Canada Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Canada Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Canada Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Mexico
- By Deployment
- Mexico Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Mexico Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Mexico Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Europe
- Europe Mobile Application Development Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment
- Europe Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Europe Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Europe Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- By Country
- Germany
- By Deployment
- Germany Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Germany Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Germany Mobile Application Development Market, By Vertical, 2018-2026 (USD Million)
- UK
- By Deployment
- UK Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- UK Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- UK Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- France
- By Deployment
- France Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- France Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- France Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Italy
- By Deployment
- Italy Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Italy Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Italy Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Spain
- By Deployment
- Spain Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Spain Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Spain Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Rest Of Europe
- By Deployment
- Rest Of Europe Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Rest Of Europe Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Rest Of Europe Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Asia Pacific
- Asia Pacific Mobile Application Development Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment
- Asia Pacific Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Asia Pacific Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Asia Pacific Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- By Country
- China
- By Deployment
- China Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- China Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- China Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Japan
- By Deployment
- Japan Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Japan Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Japan Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- India
- By Deployment
- India Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- India Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- India Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- South Korea
- By Deployment
- South Korea Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- South Korea Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- South Korea Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Rest Of APAC
- By Deployment
- Rest Of APAC Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Rest Of APAC Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Rest Of APAC Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Central & South America
- Central & South America Mobile Application Development Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment
- Central & South America Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Central & South America Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Central & South America Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- By Country
- Brazil
- By Deployment
- Brazil Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Brazil Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Brazil Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Mobile Application Development Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment
- Middle East & Africa Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Middle East & Africa Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Middle East & Africa Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- By Country
- Saudi Arabia
- By Deployment
- Saudi Arabia Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- Saudi Arabia Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- Saudi Arabia Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
- UAE
- By Deployment
- UAE Mobile Application Development Market, By Deployment, 2018-2026 (USD Million)
- By End User Industry
- UAE Mobile Application Development Market, By End User Industry, 2018-2026 (USD Million)
- By Enterprise Size
- UAE Mobile Application Development Market, By Enterprise Size, 2018-2026 (USD Million)
The global Mobile Application Development market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Mobile Application Development market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.