Summary:
A new study title “MOBILE APPLICATION DEVELOPMENT PLATFORM market size, status and forecast 2027 “has been featured on market research future.
Market scenario:
A forecast from Market Research Future report highlights on the mobile application development platform market that by 2023, the market value will rise USD 14 billion while at the rate of 22% CAGR. The growth of the market is going to be held from 2018 to 2023.
This is one of the best welcoming news for all the small and medium-sized businesses that are entering the market of Mobile App Development Platform Market and in the line of creating a buzz about their products and services. With the hastily progressing mobile landscape and increased use of the internet along with lean methodology in mobile app development, enhancing branding position and recognition, improving customer engagement resulting in a considerable mobile app development growth. With the advent of the latest trends in mobile app development, there is no longer a big deal for the companies dwelling in this service.
In support of the information, let us take a look at current trends that is motivating the mobile app development growth.
In today’s time, no matter how useful or mind-blowing a technology is presenting by giant companies, people will only feel it helpful when there is talk of total security in it. As we know that there has been more awareness being around about threats created through cyber-attacks and the after-effects of threats that can inflict will critical data on the internet. For instance, banking applications run with the highest risk of being attacked that targets on personal data of people associated. In fact, another incident was recorded in late 2016, two hackers were able to steal the email address, names, and mobile phone number of 57 million users of the Uber app.
Such situations creating urgency came in front to offer enhanced security that felt throughout the mobile app development platform market. As a result, the latest mobile app developers work on strict guidelines with significant emphasis on security.
The COVID-19 pandemic disruption is estimated to transform the Mobile Application Development Platform Market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Mobile Application Development Platform Market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.
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Key Players:
The prominent players in the market of mobile application development platform are Kony Inc.(U.S.), Globo (U.S.), EchoStar Corporation (U.S.), ViaSat Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Progress Software Corporation (Germany), Salesforce.com Inc. (U.S.), Halosys (U.S.) and among others.
Instant Apps Offers Massive Potential:
In the current world of mobile applications, instant apps are working instantly by tapping on the URL at once. Such technology has served in eliminating the need to download and install apps on the smartphone. But in this, as the app users might be on the rise, but people still have their uncertainties when it comes to accepting such new apps. As per Market Research Future, more than 50% of smartphone users in the U.S download zero new apps per month.
Also, 21% of users uninstall an app after first use. The users usually rely a great deal on App Store reviews to give new apps a try. Instant apps, in this way, often puts an end to all that. Even its most crucial role lies in simplifying online payments.
While, in the case of e-commerce apps, if you’re a new user, there needs to fill your card details in the first manually. Instant apps offer more convenient solutions, wherein customers can make payment directly using Google Pay or Apple Pay. This approach presents the potential to take mobile commerce transactions through the roof. Hence, there’s every reason instant apps are given substantial attention and give more push in the mobile app markets to expand.
More Development of Augmented Reality (AR) and Virtual Reality (VR) Apps:
AR and VR are acclaimed as a futuristic technology and going to become a pivotal role in mobile app development. Towards the gaming apps, augmented reality’s application can extend massively into eCommerce & marketing apps in the future.
There has been some evolving prediction that by the year 2020, 100 million consumers will shop online and store where AR technology is used. Augmented reality presents users to interact with content in a specific way. This will encourage leading mobile app developers to set high standards for user interface design.
Brief Table of Content
- Report Prologue
- Mobile Application Development Platform Market: Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4 Market Segmentation
Continue….
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List of Tables
Table 1 Global Mobile Application Development Platform Market, By Region, 2020-2027
Table 2 North America: Mobile Application Development Platform Market, By Country, 2020-2027
Table 3 Europe: Mobile Application Development Platform Market, By Country, 2020-2027
Table 4 Asia-Pacific: Mobile Application Development Platform Market, By Country, 2020-2027
Table 5 Rest of The World: Mobile Application Development Platform Market, By Country, 2020-2027
Continued….
List of Figures
Figure 1 Global Mobile Application Development Platform Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Mobile Application Development Platform Market
Figure 4 Value Chain of Global Mobile Application Development Platform Market
Figure 5 Share of Global Mobile Application Development Platform Market In 2020, By Country (In %)
Continued….
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