Connect with us

Technology

Mobile Application Market to Grow by USD 2.63 Trillion (2025-2029), Boosted by Smartphone Penetration, with AI Redefining Market Landscape – Technavio

Published

on

NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global mobile application market size is estimated to grow by USD 2.63 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 31.1% during the forecast period. Growing penetration of smartphones is driving market growth, with a trend towards increasing number of mobile apps for iot device. However, cost associated with mobile app development and operation poses a challenge. Key market players include Amazon.com Inc., ANI Technologies Pvt. Ltd., ASICS Corp., Canva Pty Ltd., Electronic Arts Inc., Google LLC, Grab Holdings Ltd., Meta Platforms Inc., Microsoft Corp., Mozilla Corp., Netflix Inc., Niantic Inc., One97 Communications Ltd., Spotify Technology SA, The Gap Inc., Uber Technologies Inc., Ubisoft Entertainment SA, Walmart Inc., Xiaomi Inc., and Zomato Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Mobile Application Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 31.1%

Market growth 2025-2029

USD 2630 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

25.0

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, China, Japan, India, UK, Canada, Germany, Brazil, France, and UAE

Key companies profiled

Amazon.com Inc., ANI Technologies Pvt. Ltd., ASICS Corp., Canva Pty Ltd., Electronic Arts Inc., Google LLC, Grab Holdings Ltd., Meta Platforms Inc., Microsoft Corp., Mozilla Corp., Netflix Inc., Niantic Inc., One97 Communications Ltd., Spotify Technology SA, The Gap Inc., Uber Technologies Inc., Ubisoft Entertainment SA, Walmart Inc., Xiaomi Inc., and Zomato Ltd.

Market Driver

The mobile application industry is booming with the increasing popularity of smartphones and high-speed internet usage. Artificial intelligence (AI) and machine learning (ML) are trending technologies, with companies like Ubisoft Entertainment integrating them into mobile games for enhanced user experience. Revenue models include in-game purchases, paid game applications, and in-app advertisements. Security is a concern, with businesses and consumers requiring advanced solutions to protect data collection practices. Emerging areas like AR and VR, online shopping, food ordering, and digital payments are driving strong download rates. Android smartphone sales dominate the market, but iOS and Windows also have significant user bases. PC software faces competition due to mobile devices’ simplicity of usage and expanding client base. Advanced technologies like ML and cloud computing offer benefits to both businesses and consumers. However, emerging threats require cost-effective security solutions to ensure a seamless user experience. Flexibility and scalability are crucial for meeting consumer requirements and expanding into new markets, including developing areas and emerging economies. Creative mobile applications, from games to calculators, are driving efficiency and productivity. Wearable devices like smartwatches, fitness trackers, and tablets offer functionality beyond traditional infrastructure, with GPS, accelerometers, and heart rate monitors enhancing the user experience. The future of the mobile application industry lies in integration with smart items and wearable technology. 

The Internet of Things (IoT) refers to the connection of physical devices, objects, and machines through software and sensors over a network. The market for IoT devices is expanding rapidly due to their convenience, user-friendliness, and mobility features. This growth is fueled by the integration of IoT devices with smartphones via mobile applications. In 2023, approximately 1.14 billion smartphones were shipped, a slight decrease of 4% compared to the previous year. The increasing number of smartphones presents an opportunity for integration with various IoT devices, such as smartwatches and eyeglasses, through mobile apps. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The mobile application industry is booming, with smartphones and high-speed internet usage driving growth. Artificial intelligence (AI) and machine learning (ML) are transforming apps, from gaming technology with AR and VR, to e-commerce and online shopping. Revenue models include in-game purchases, paid apps, and in-app advertisements. However, businesses face challenges like mobile application security and data collection practices. Ubisoft Entertainment and others leverage AI for advanced technologies like cloud computing, offering benefits for both businesses and consumers. Emerging threats require cost-effective security solutions. The popularity of mobile devices for simplicity of usage and expanding client bases in developing areas is driving digitization investments. E-commerce, enterprise applications, health & fitness, and gaming apps dominate strong download rates. High-speed connectivity and cost-effective data plans open new markets and user bases in emerging economies. Traditional infrastructure faces disruption from creative mobile applications and wearable technology like smartwatches, tablets, and fitness trackers. Businesses’ reluctance to digitize slows progress in underdeveloped areas. However, the benefits of efficiency, productivity, and a seamless user experience are compelling. GPS, accelerometers, and heart rate monitors are just the beginning of what’s possible with advanced mobile technologies.Mobile applications are essential tools designed to simplify user activities through technological support. While the development cost of mobile apps is relatively low, post-development support activities are increasingly in demand. These activities include administrative, maintenance, and infrastructure services, which are crucial for app deployment and operational lifecycle. Functional services, such as analytics and push notifications, are also necessary for mobile apps to function effectively. Collectively, these support services incur higher costs than the development process itself.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This mobile application market report extensively covers market segmentation by

Platform 1.1 Android market1.2 iOS market1.3 OthersType 2.1 Gaming2.2 Music and entertainment2.3 Health and fitness2.4 Social networking2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Android market- The Android operating system is a prominent platform for mobile application release in the global market, with the Google Play Store hosting approximately 3.95 million apps as of 2023. The popularity of Android OS is due to the widespread use of Android smartphones worldwide, making it an attractive choice for developers. Notable apps like Google Drive and Tinder are top earners on the Google Play Store. However, Android apps face challenges such as lower monetization rates and longer development times due to fragmentation. Despite this, the launch of new Android OS features, such as AI capabilities and improved navigation, is expected to boost user adoption and fuel market growth. However, iOS apps currently have a larger consumer spending base due to their higher monetization rates. Major acquisitions in the tech industry, such as Microsoft’s purchase of Activision Blizzard for USD68.7 billion, demonstrate the significant value of mobile applications and the competitive landscape. In 2023, Android made strides in improving customer service, leading to the launch of innovative apps like Lensa, Photo editor Pro, and Glitch Lab. This positive momentum indicates that the Android apps segment in the mobile application market will experience favorable growth in the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The mobile application industry has seen explosive growth with the widespread use of smartphones and increasing internet penetration. Artificial intelligence and machine learning are transforming mobile apps, enabling personalized user experiences. The Google Play Store and App Store are the leading marketplaces for downloading apps, offering a vast selection of gaming technology, social media, productivity tools, and more. Gaming apps, including AR and VR experiences, dominate the market, generating significant revenue through in-game purchases and in-app advertisements. Other popular categories include online shopping, food ordering, digital payments, and premium apps. Demographic factors play a crucial role in app usage, with different age groups and regions favoring specific types of apps. Operating systems (OS) also influence the mobile application landscape, with Android and iOS being the most common. Security concerns and data collection practices are essential issues in the mobile app industry, with privacy policies becoming increasingly important to users. Overall, the mobile application market continues to evolve, offering endless opportunities for innovation and growth.

Market Research Overview

The mobile application industry is experiencing exponential growth, fueled by the widespread use of smartphones and high-speed internet usage. Artificial intelligence (AI) and machine learning (ML) technologies are revolutionizing mobile apps, offering advanced functionalities and personalized experiences. Gaming technology, augmented reality (AR), and virtual reality (VR) are also driving innovation, with strong download rates for gaming apps. Revenue models include in-game purchases, paid game applications, and in-app advertisements. The industry benefits businesses and consumers alike, providing efficiency, productivity, and flexibility. However, emerging threats such as mobile application security and data collection practices require cost-effective security solutions. The popularity of mobile devices for online shopping, food ordering, digital payments, and other services continues to expand, with Android smartphone sales leading the market. The OS war between Android and iOS persists, with Windows and PC software offering limited functionality on mobile devices. The industry’s expansion is not limited to developed areas; emerging economies and developing areas are also investing in digitization and mobile connectivity. Creative mobile applications for wearable devices, tablets, smartwatches, and fitness trackers offer seamless user experiences, with features like GPS, accelerometers, and heart rate monitors enhancing functionality.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformAndroid MarketIOS MarketOthersTypeGamingMusic And EntertainmentHealth And FitnessSocial NetworkingOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/mobile-application-market-to-grow-by-usd-2-63-trillion-2025-2029-boosted-by-smartphone-penetration-with-ai-redefining-market-landscape—technavio-302364428.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Trident Systems Recognized by Northrop Grumman with Supplier Excellence Award

Published

on

By

FAIRFAX, Va., March 4, 2025 /PRNewswire/ — Northrop Grumman Corporation (NYSE:NOC) has recognized Trident Systems, a LightRidge Solutions Company, as one of its top supplier partners during the company’s Supplier Excellence Awards.

“Trident has supported Northrop Grumman in delivering technologies that enhance national security for the U.S. and our allies,” said Ken Brown, vice president, enterprise global supply chain, Northrop Grumman. “The high-quality performance, dedication and partnership of our supplier teams drive operational excellence to ensure warfighters have next generation advantages in advanced weapons, aircraft, missile defense and space.”

Recognized for Strategic Excellence, Trident is instrumental in supporting Northrop Grumman by delivering innovative and cost-effective military and security solutions to give its customers the advantage in a complex world.

“We are honored to be recognized by Northrop Grumman as a partner delivering strategic excellence,” said Daniel Hibbard, president of space electronic systems at Trident Systems. “Our partners turn to us to provide purpose-built solutions for their most challenging missions. We pride ourselves on the flexibility and interoperability of our open architecture systems allowing ease and speed of integration with third-party parts, keeping cost down for our customers while delivering proven and reliable flight units on schedule.”

Learn more about Trident’s leading-edge space solutions.

About Trident Systems
Trident Systems has cemented its reputation for over three decades as a leader in multi-function space electronics and integrated C4ISR solutions. Using a rapid response, radiation effects-mitigated design approach for deployment in harsh environments, Trident has delivered semi-custom, high-performance mission computing solutions at significantly lower cost than traditional space processors. The company is also relied upon by a range of military and federal organizations dedicated to the design, development and deployment of innovative command and control systems for the safety and survivability of our armed forces and for the protection of the National Capital Region. For more information, please visit https://tridsys.com/.

About LightRidge Solutions
LightRidge Solutions brings leading capabilities that address demanding national security space and defense needs. Our capabilities include advanced space payloads and on-orbit processing technologies, multi-orbit space domain awareness and protection systems, laser communications and airborne survivability systems, as well as mission autonomy software. LightRidge’s innovative and highly reliable purpose-built systems provide high performance at lower costs and on shorter delivery schedules than traditional systems. These systems enable the transition to more resilient and affordable space architectures for the U.S. military and intelligence communities, as well as select commercial and international customers. For more information, please visit https://www.lightridgesolutions.com/ and visit us on LinkedIn.

Contact: Diane Hockenberry       
703-244-0226

View original content to download multimedia:https://www.prnewswire.com/news-releases/trident-systems-recognized-by-northrop-grumman-with-supplier-excellence-award-302392107.html

SOURCE LightRidge Solutions Holding LLC

Continue Reading

Technology

Canada launches first-ever Artificial Intelligence Strategy for the federal public service

Published

on

By

WATERLOO, ON, March 4, 2025 /CNW/ – Artificial intelligence (AI) has the potential to significantly improve government operations and services for Canadians. The safe, ethical and responsible use of AI is a priority for the federal government.

Today, the Honourable Ginette Petitpas Taylor, President of the Treasury Board, launched Canada’s first AI Strategy for the federal public service at the University of Waterloo, a hub for emerging technology and Canadian talent. Announcing the Strategy at the Waterloo Data and Artificial Intelligence Institute underscores the government’s commitment to research and innovation in AI to improve digital service delivery.

The Strategy was developed through extensive engagement with stakeholders, including the public and experts from a range of disciplines. Involving Canadians in its development was a key feature to ensure it reflected the democratic values we continue to prioritize today.

Accordingly, the Strategy will advance 4 key priority areas: establishing an AI Centre of Expertise to support and to help coordinate government-wide AI efforts; ensuring AI systems are secure and used responsibly; providing training and talent development pathways; and building trust through openness and transparency in how AI is used.

The Government of Canada will use AI to enhance its scientific and research capabilities, improve the productivity of its workforce, and deliver enhanced digital services to Canadians. This work will strengthen Canada’s role as a leader in AI.

Through this Strategy, the government will be able to implement AI more efficiently by removing barriers to AI adoption that exist in departmental processes and legacy systems. It will promote more effective collaboration between government departments to identify successful AI-driven initiatives and implement them more widely. As well, the Strategy strengthens transparency and accountability for the responsible use of AI, ensuring the development of AI solutions that are ethical, inclusive, and responsive to the needs of the public.

Quote

“Today’s announcement positions Canada as a global leader in the responsible use of AI in the public service. With the first-ever AI Strategy for the public service, we’re laying the groundwork to leverage the potential of this technology to deliver the best possible services to Canadians.”

–       The Honourable Ginette Petitpas Taylor, President of the Treasury Board

Quick Facts

The AI Strategy supports Canada’s Digital Ambition, which outlines how the government will provide Canadians with modern services that are secure, reliable, user-centric and barrier-free. 

From May to October 2024, as part of the development of the Strategy, the Government of Canada sought input from various groups through engagement and consultation, and in January 2025 published a “What We Heard” report summarizing the views shared by Canadians.

Every 2 years, the government will aim to update the Strategy to ensure it remains relevant and responsive.

Guide on the use of Generative AI is available for public servants to assess the risks associated with generative AI and use it responsibly.

Associated Links

AI Strategy for the Federal Public ServiceStatement from the President of the Treasury Board on advancing digital government – Canada.caMinister Anand launches public consultations on Canada’s first artificial intelligence strategy for the federal public service – Canada.caMinister Anand hosts AI roundtable to inform the first-ever artificial intelligence strategy for the federal public service – Canada.caResponsible use of artificial intelligence in government – Canada.ca

Stay connected
X: @TBS_Canada
Facebook: https://www.facebook.com/TBSCanada
LinkedIn: https://www.linkedin.com/company/tbs-sct/

SOURCE Treasury Board of Canada Secretariat

Continue Reading

Technology

Dr. Randi Boyette Joins American Med Spa Association as Corporate Development Advisor

Published

on

By

The American Med Spa Association (AmSpa) proudly welcomes Randi Boyette, PhD, as its new Corporate Development Advisor. With an extensive background in medical aesthetics, business strategy, marketing, and technology, Dr. Boyette will play a pivotal role in expanding AmSpa’s reach, fostering strategic partnerships, and enhancing the resources available to medical spa professionals nationwide.

CHICAGO, March 4, 2025 /PRNewswire-PRWeb/ — Dr. Boyette has spent her career at the intersection of medical aesthetics, corporate growth, and business development. She has worked with thousands of medical spas and clinics, helping them scale, refine operations, and optimize profitability. Her expertise in guiding businesses through market changes, implementing high-impact growth strategies, and aligning organizations with emerging trends makes her a valuable addition to the AmSpa leadership team.

“AmSpa has been instrumental in shaping the medical aesthetics industry by providing critical education, legal guidance, and business strategies,” said Dr. Boyette.

“AmSpa has been instrumental in shaping the medical aesthetics industry by providing critical education, legal guidance, and business strategies,” said Dr. Boyette. “I am honored to join this team and look forward to helping AmSpa members strengthen their businesses and navigate the evolving aesthetics landscape.”

As the industry continues to evolve, AmSpa remains committed to delivering innovative resources and opportunities that empower medical spa professionals to grow their businesses while staying compliant with industry regulations. Dr. Boyette’s appointment further strengthens AmSpa’s ability to support members with expert-driven insights and high-level strategic development.

Alex Thiersch, JD, Founder and CEO of AmSpa, shared his enthusiasm: “Randi has played a major role in shaping the aesthetics industry, not just through marketing but by directly helping practices scale and succeed. Her experience, connections, and hands-on approach will be a tremendous asset to our members.”

About the American Med Spa Association (AmSpa)
The American Med Spa Association (AmSpa) provides business, legal and clinical training and resources to medical spas and aesthetic practices throughout the country. AmSpa’s events—including Medical Spa Boot Camps, Academy for Injection Anatomy trainings and Medical Spa Show—provide business and legal best-practices to anyone entering the medical spa space or looking to improve their existing practice. AmSpa Members receive access to legal summaries of laws governing medical spas in their state, discounts, a robust and growing webinar library, and many other benefits. For more information visit http://www.americanmedspa.org, call 312-981-0993, or email info@americanmedspa.org.

Media Contact

Karen Spinelli, AmSpa, 872-246-0300, karen@americanmedspa.org, www.americanmedspa.org

Twitter Facebook

View original content:https://www.prweb.com/releases/dr-randi-boyette-joins-american-med-spa-association-as-corporate-development-advisor-302391852.html

SOURCE AmSpa

Continue Reading

Trending