London, 20 March 2015 – The ever-increasing demand to stay connected through mobile devices is driving the growth of the Global Mobile Application Market, which is expected to post a CAGR of 31.05 percent from 2015-2019, says research firm Technavio.
“The growing popularity of mobile applications is resulting in the expansion of mobile websites, with enterprises creating their own mobile applications to drive consumer engagement,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio emphasizes the growing mobile workforce worldwide, which has created a market for apps to suit different needs. This helps organizations attain better business outcomes from a mobile and dispersed work force.
“Many leading application development companies are focusing on design and development of customized mobile applications in line with business aspects across various mobile operating systems,” says Ghaus.
It is also estimated that IT organizations will dedicate at least 25 percent of their software budgets to mobile app development, deployment and management in the coming years.
The new Technavio report covers the current scenario and growth prospects of the Global Mobile Application Market. To calculate the overall market size, the report considers the revenue generated through the sales of mobile applications worldwide.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Higher Usage of Connected Mobile Devices
- For a full detailed list, view our report.
Market Challenges:
- Compatibility Issues
- For a full detailed list, view our report.
Market Trends:
- Usage of Mobile Apps at Enterprises
- For a full detailed list, view our report.
Key Vendors:
- Apple Inc.
- Google Inc.
- King Digital Entertainment plc
- Microsoft Corp.
Other Prominent Vendors:
- Apptap
- Archos Appslib
- Bizness App
- China Mobile
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
