COVID-19 Disease Outbreak Analysis on APAC Mobile App Development Market Studied by MRFR

MRFR Reveals Impact of SARS-CoV-2 on US Mobile App Development Market

Market Scenario

Market Research Future (MRFR) in its new global Mobile App Development market 2020 provides insights on the effect of COVID-19 outbreak on the market. According to MRFR analysis, the mobile app development market can rise at 14% CAGR in the forecast period 2016 to 2022. The rise in dependency of Mobile App Development can underpin the expansion of the world market. Social distancing and lockdown have boosted hours spent on phone, which is observed to add momentum to the expansion of the mobile app development market across the study period.

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The presence of high growth scope of the mobile app development market in the IT industries promoting the need for mobile apps across multiple industries horizons for various applications can boost the expansion of the mobile app development market in the study period. The report details best possible solutions to counter hindrances of the market in the near future.

Key Players

MRFR released a list of reputed Global Mobile App Development Market players in the global market. They are; Google, Inc. (U.S.), Kony, Inc. (U.S.), IBM corporation (U.S.), Facebook, Inc. (U.S.), Verivo software, Inc. (U.S.), Amazon, Inc. (U.S.), Infosys, Ltd. (India), Apple, Inc. (U.S.), Wipro Corporation (India), and Microsoft Corporation (U.S.) among others notable players.

Regional Analysis

In North America, the expansion of the mobile app development is largely driven by the growing utility of tablets, and smartphones related devices. The increase in need for automation devices and internet TV can support the expansion of North America mobile app development market across the study period. The high rate of applications of IOS and android platforms to run software developers can support the expansion of North America market through the analysis period.

In Europe, the expansion of the mobile application market can be credited to the rapidly growing IoT sector that can aid in seizing volume of information and optimize them to boost application features for end-users. The increase in investment in mobile App Development can promote the rise of EU market in the years to come.

APAC mobile app development market rise can be attributed to the increase in utility of IoT solutions, high ingression rate of smartphones, and high usage of mobile apps, for e-commerce, media, games, and social networking. However, the lack of technical expertise and high cost for mobile app development can act as potential restraints on the mobile app development market.

Segmental Analysis

The segment study of the mobile app development global market is done by organization size, deployment type, and vertical. COVID-19 analysis for every segment are explained meticulously in the report.

The mobile app development market segments based on deployment type are cloud and on-premise. The high rate of deployment of cloud based mobile app solutions, in addition the rise in preference for on premise mobile apps can promote the mobile app development market through the study period.

The mobile app development market segments based on mobile size of organization are large enterprise and small & medium enterprise. The growing number of new entrants dealing in mobile app development and innovations introduced by reputed players are expected to cause the worldwide mobile app development market to thrive in the near future.

The mobile app development market segments based on verticals are BFSI, Healthcare, Transportation & Logistics, Media & Entertainment, and Education. The rise in application of mobile app in booming Transportation & Logistics, and Media & Entertainment fields can bolster the expansion of the world mobile app development market.

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