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In-App Purchase Market to Reach $571.2 Billion, Globally, by 2032 at 12.5% CAGR: Allied Market Research

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The global in-app purchase market is growing due to the widespread adoption of smartphones and high-speed internet access, the popularity of games with free-to-play models, and increasing adoption of digital solutions

NEW CASTLE, Del., Aug. 7, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “In-App Purchase Market by Operating System (Android, iOS and Others), Type (Consumable, Non-consumable, Auto Renewable and Non-renewing Subscription), Application (Gaming, Entertainment and Music, Health and Fitness, Travel and Action, Finance and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the in-app purchase market was valued at $195.5 billion in 2023, and is estimated to reach $571.2 billion by 2032, growing at a CAGR of 12.5% from 2024 to 2032.

Prime determinants of growth 

Advancements in payments technology and the integration of in-app purchase into a variety of industries will provide ample opportunities for the market’s development during the forecast period. 

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Report coverage & details: 

Report Coverage 

Details 

Forecast Period 

2024–2032 

Base Year 

2023

Market Size in 2023 

$195.5 Billion 

Market Size in 2032 

$571.2 billion 

CAGR 

12.5 %

No. of Pages in Report 

350

Segments Covered 

Operating System, Type, Application, and Region. 

Drivers 

Widespread adoption of smartphones and high-speed internet access Popularity of games with free-to-play models Increase in adoption of digital solutions 

Opportunities 

Advancements in payments technologyIntegration of in-app purchase into a variety of industries 

Restraint 

Regulatory and legal issues 

Buy this Complete Report (350 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/in-app-purchase-market/purchase-options

The iOS segment is expected to grow faster throughout the forecast period

Based on operating system, the iOS segment held the highest market share in 2023. With iOS operating system, in-app purchases provide better user experience, as they do not obstruct the user’s application use with advertisements. 

The auto-renewable segment is expected to grow faster throughout the forecast period 

Based on type, the auto-renewable segment held the highest market share in 2023. Auto-renewable subscriptions enable continued access to services, content, and premium features in the users’ applications. They automatically renew at the end of their term unless the user cancels. 

The gaming segment is expected to lead throughout the forecast period 

Based on application, the gaming segment held the highest market share in 2023. Mobile gaming has become a global phenomenon, with billions of people playing games on their smartphones and tablets. Since the popularity of mobile gaming has expanded, game creators have discovered new ways to commercialize their products. 

Asia-Pacific to maintain its dominance by 2032

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2023, and is expected to rule the roost in terms of revenue throughout the forecast timeframe. The growth of internet usage and the continued growth of retail, consumer goods and e-commerce in countries, such as Japan, India, and China are expected to drive the growth of the in-app purchase market in Asia-Pacific. 

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Major Industry Players: – 

Apple Inc. Disney Google LLC King.com Ltd. Netflix, Inc. Creative Clicks AdMaven POCKETGUARD PubMatic Roblox InMobi Brainly Recurly Propeller Ads Tango  

The report provides a detailed analysis of these key players in the global in-app purchase market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Industry Development: 

On February 2024, Walmart-owned payments company PhonePe launched its mobile app marketplace, Indus Appstore, to rival the Google Play store and Apple’s App Store. Indus Appstore challenges the status quo, ushering in an era of more healthy competition in the mobile app marketplace, which in turn should help create a more democratic and vibrant Indian digital ecosystem. On September 2023, WhatsApp partnered with Razorpay to host new features to improve the user chat experience with businesses. The platform has roped in online payment solutions companies Razorpay and PayU to enable users to pay businesses via cards, UPI and more. 

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AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Luminys Launches Advanced Suite of Smart Security Products: Pioneering End-to-End Security Solutions

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Introducing AI Network Cameras, LumiCenter, and LumiCloud for a Safer, Smarter, and Fully Integrated Security Ecosystem 

IRVINE, Calif., Nov. 13, 2024 /PRNewswire/ — Luminys Systems Corp (Luminys), a leading provider of smart, sustainable, and connected technology solutions, today announced the launch of its latest suite of security technology products designed for the North American market. The release is scheduled for a public unveiling during the “Luminys Phase 2 Product Launch” webinar on Nov. 15, showcasing an innovative product lineup that meets the modern demands for scalable, intelligent, and compliant security.

The new suite includes an array of network cameras, Network Video Recorders (NVRs), and the LumiCloud platform, a cloud-based Video Surveillance as a Service (VSaaS) solution. These offerings provide businesses with end-to-end security capabilities tailored for smart building and retail applications, reinforcing Luminys’ industry-leading technology and longstanding as a pioneer in the security technology space. The product lineup integrates seamlessly with third-party applications and is compatible with existing Luminys technologies, enabling centralized control through the LumiCloud platform.

Freddy Kuo, chairman of Luminys, commented on the launch: “Our new product suite is designed to empower security professionals with tools for diverse applications to stay ahead in today’s rapidly evolving landscape. By aligning with stringent FCC and NDAA compliance standards and focusing on proactive innovation, Luminys is setting a new standard for comprehensive security solutions in North America.”

Key Product Highlights 

LumiCloud VSaaS Platform: Delivers real-time access, advanced analytics, and scalable cloud storage, enabling centralized management of security systems with customizable alerts and remote monitoring through smartphones and web browsers.LumiCenter Video Management Software (VMS): Seamlessly integrates surveillance cameras and AI-powered analytics, providing real-time object tracking, adaptive bandwidth management, and a fully interactive 3D mapping interface.LumiDeterrent Cameras: Featuring advanced LumiDeterrent technology, these cameras use AI-driven red and blue flashing lights, sound alarms, and full-color video capabilities for enhanced deterrence and 24/7 surveillance, even in low-light conditions.R5 LumiSearch NVR Series: Equipped with AI-driven search functionality, the R5 Series enables rapid identification and tracking across multiple camera feeds and supports long-distance Power over Ethernet (PoE) through Luminys’s proprietary LumiPower technology.

Innovative Technology for Comprehensive Security

This lineup is powered by Luminys’s proprietary technologies, including:

LumiAnalytics for people counting, behavior analysis, and predictive insights.LumiTracking for automatic tracking of people and vehicles, enabling swift responses to potential security issues.LumiLuxSmart for adaptive lighting control, capturing full-color video when motion is detected and switching to infrared in low-activity environments.

Webinar & Availability

This product launch will be live-streamed on Nov. 15 at 10 a.m. PT. Attendees will gain exclusive insights and demonstrations, including the LumiLuxSmart, LumiDeterrent, and LumiColor camera series. To register, please visit here.

Luminys products will be available through certified dealers beginning Nov. 25, 2024, with pricing details and order information accessible via the Luminys MVP portal.

For more information on Luminys’ latest advancements, please visit Luminys Systems Corp.

About Luminys  
Founded in 1984, Luminys Systems Corp. leads the way in helping businesses build smart, sustainable, and secure ecosystems with integrity. Connected solutions and services offer safety, insight, intelligence, and operational efficiency.  

With a focus on ingenuity and exceptional customer support, Luminys delivers future-ready products that adapt to the evolving needs of various industries. As a U.S.-based subsidiary of Foxlink, a global leader in electronics manufacturing, Luminys is trusted by customers and partners worldwide to deliver advanced technology solutions and services shaping a sustainable, smarter future. Learn more at: www.luminyscorp.com.

Media Contact:  
Touchdown PR
386264@email4pr.com

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SOURCE Luminys Systems Corp

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Captello Announces New Partnership with CredsNow to Enhance Lead Capture and Event Engagement Solutions

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Captello has partnered with CredsNow to expand its EventGen platform, integrating on-demand badge design and printing for seamless event management. This collaboration allows organizers to create professional badges before or during events, simplifying branding and lead capture. The partnership aims to improve event efficiency and attendee engagement, enabling organizers to focus more on delivering impactful experiences.

DALLAS, Nov. 13, 2024 /PRNewswire-PRWeb/ — Captello, a leading provider of lead capture and engagement solutions, is thrilled to announce a strategic partnership with CredsNow, a premier cloud design and printing platform specializing in on-demand creation of cards, badges, and passes for events. This collaboration enhances Captello’s existing event management and registration platform, EventGen, integrating seamlessly with CredsNow’s advanced design and printing capabilities to offer a comprehensive solution for event organizers.

“For event organizers, this partnership means less time worrying about logistical complexities and more focus on delivering impactful attendee experiences.” — Candice M. Bakke, Sr. Director of Strategic Global Partnerships at Captello

Through this partnership, CredsNow will integrate its robust card and badge design tools with
EventGen, allowing event organizers to create and print professional-quality badges either
pre-event, via CredsNow service bureau and/or onsite, via CredsNow onsite software. This collaboration not only streamlines the process of badge creation but also enhances the overall event experience by ensuring efficient and secure lead capture, coupled with Captello’s suite of engagement and gamification tools.

“For event organizers, this partnership means less time worrying about logistical complexities and more focus on delivering impactful attendee experiences,” said Candice M. Bakke, Sr. Director of Strategic Global Partnerships at Captello. “By combining our technologies, we empower organizers to seamlessly integrate event registration, engagement, and professional badging.”

CredsNow’s platform offers an intuitive online designer and a straightforward pricing model without minimum order requirements or hidden fees. This ensures that event professionals can design, order, and receive fully branded cards and badges quickly—with next-day shipping options available. They can also use CredsNow’s online platform to activate onsite badge printers and produce the same high quality credentials onsite during an event.

“Captello’s EventGen platform complements our flexible design tools perfectly, offering our clients a turnkey solution for event branding and attendee management,” said Ivan Lazarev, CEO of CredsNow. “This partnership aligns with our mission to provide security and quality in event badging, enhancing the organizer’s ability to maintain control over their branding while leveraging our efficient production capabilities.”

Ryan Schefke, CEO of Captello, also expressed enthusiasm about the partnership’s potential. “Joining forces with CredsNow enables us to broaden our horizons in event technology,” he said. “This is more than a partnership; it’s a pathway to transforming how events manage their engagement and lead capture.”

This strategic alliance is set to redefine customer engagement at events, streamlining the lead capture and branding processes, and setting a new standard in the industry for convenience and efficiency.

About Captello
Captello provides advanced lead capture and engagement solutions, empowering organizations to enhance interactions at events, trade shows, and online. Captello’s tools focus on seamless integration and actionable analytics, helping companies turn event leads into lasting business relationships.

About CredsNow
CredsNow is a cloud-based design and printing platform that enables organizations to create customized cards, badges, and passes on demand. With an intuitive online designer, straightforward pricing, and fast, reliable delivery, CredsNow offers flexible, high-quality branding solutions tailored to businesses of all sizes.

Media Contact

Brad Froese, Captello, 888-399.6430, info@captello.com, www.captello.com

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SOURCE Captello; Captello

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Winbond’s LPDDR4/4X: A Green Solution for the Automotive Industry

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TAICHUNG, Taiwan, Nov. 13, 2024 /PRNewswire/ — Winbond Electronics Corporation, a leading global supplier of semiconductor memory solutions, today announces the enhanced LPDDR4/4X DRAM products, specifically designed for the latest generation of automotive applications. These solutions offer significant advancements in power efficiency, performance, and carbon reduction.

The LPDDR4/4X DRAM is the fourth generation of low-power memory solutions, providing power savings without compromising performance. Tailored to meet the rigorous demands of the automotive and industrial sectors, these memory products offer a unique combination of double data rate technology, low power consumption, and design flexibility.

As the automotive industry transitions toward electric and hybrid vehicles, energy efficiency becomes paramount. Winbond’s LPDDR4/4X DRAM solutions contribute to this shift by significantly reducing power consumption, extending battery life, and lower heat generation. Additionally, the technology’s high bandwidth and low latency enable rapid data transfer, supporting the real-time processing needs of modern automotive systems, including advanced driver-assistance systems (ADAS), in-vehicle infotainment, and factory automation systems.

Carbon Reduction Through Innovative Packaging

A key highlight of Winbond’s LPDDR4/4X DRAM is the introduction of the compact 100BGA package, which is 50% smaller than the traditional 200BGA. The reduction in package size directly translates to a 50% decrease in packaging-related carbon emissions, aligning with the industry’s broader sustainability goals.

The 100BGA package is fully backward-compatible with the existing 200BGA Single Die Package (SDP), simplifying the transition for automotive manufacturers. By adjusting the PCBA layout, customers can seamlessly adopt this advanced memory solution without extensive rework, reducing resource consumption.

Enhanced Reliability and Supply Stability

Winbond ensures a stable supply chain for its LPDDR4/4X DRAM products, guaranteeing the long-term support to meet the demands of extended product life cycles in the automotive and industrial industries. Winbond’s commitment to quality and supply chain stability also caters to the needs of consumer markets, particularly in applications such as artificial intelligence (AI), virtual reality (VR), and wearables.

Key Benefits for Automotive Applications:

–  Power Efficiency: LPDDR4/4X DRAM technology lowers power consumption, extending the battery life of electric vehicles (EVs) and reducing heat generation.
–  High Performance: With high bandwidth and low latency, LPDDR4/4X DRAM supports the fast data transfer required for real-time processing in automotive systems.
–  Environmental Sustainability: The 50% reduction in package size from 200BGA to 100BGA leads to a proportional decrease in packaging-related carbon emissions.
–  Design Flexibility: The 100BGA package is backward-compatible with 200BGA, enabling smooth integration and shorter design cycles for automotive manufacturers.
–  Guaranteed Supply: Winbond provides a stable and reliable supply chain, critical for automotive and industrial applications that are characterized by long product life cycles.
–  Internal ECC Circuitry: LPDDR4/4X DRAM is equipped with built-in ECC circuitry to improve single-bit error correction and support superior quality, thereby reducing standby and refresh power consumption while enhancing memory reliability.

“We are excited to offer LPDDR4/4X DRAM solutions that meet the special needs of the automotive sector. By combining power efficiency with superior performance, Winbond’s LPDDR4/4X DRAM products enable electric and hybrid vehicles to meet stringent market demands. At the same time, our innovations in packaging contribute to the industry’s carbon reduction goals, further supporting a sustainable future,” says Winbond.

About Winbond
Winbond Electronics Corporation is a leading global supplier of semiconductor memory solutions. The Company provides customer-driven memory solutions backed by the expert capabilities of product design, R&D, manufacturing, and sales services. Winbond’s product portfolio, consisting of Specialty DRAM, Mobile DRAM, Code Storage Flash, and TrustME® Secure Flash, is widely used by tier-1 customers in communication, consumer electronics, automotive and industrial, and computer peripheral markets. Winbond is headquartered in Central Taiwan Science Park (CTSP), and it has subsidiaries in the USA, Japan, Israel, China, Hong Kong, and Germany. Based on Taichung and Kaohsiung 12-inch fabs in Taiwan, Winbond keeps pace to develop in-house technologies to provide high-quality memory IC products.

Winbond is a registered trademark of Winbond Electronics Corporation. All other trademarks and copyrights mentioned herein are the property of their respective owners.

Spokesperson
Chih-Chung Chou
Chief Financial Officer
TEL: +886-3-567-8168/+886-987-365-682

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SOURCE Winbond Electronics Corporation

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