The mobile application store market value is anticipated to be around USD 235,635.8 million in 2024. The sales of mobile application stores are projected to increase at a CAGR of 20.4% during the forecast period. The analysis of mobile application stores further predicts the overall app store industry valuation to surpass USD 1,504,596.8 million by 2034.
The research scope includes applications for gaming, mobile health and fitness, music and entertainment, social networking, retail and e-commerce, and other applications.
Trends in the Mobile Application Store Market
Report Attribute | Details |
---|---|
Mobile Application Store Market Size (2024) | USD 235,635.8 million |
Market Anticipated Forecast Value (2034) | USD 1,504,596.8 million |
Market Projected Growth Rate (2024 to 2034) | 20.4% CAGR |
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The global mobile application store market was valued at USD 101.762.2 million in 2019. The total market share thrived at a CAGR of 18.2% between 2019 and 2023. The overall market value was about USD 198,370.5 million by 2023.
The adoption of mobile application stores rose significantly during the years 2020 and 2021. Both Apple and Google had more than one million apps and games accessible during these years, which brought in millions of dollars in app revenue for each company. Other platforms also broadened their capabilities to include apps for consumers and every kind of business strengthening the app distribution channels further.
Attributes | Details |
---|---|
Mobile Application Store Market Value (2019) | USD 101.762.2 million |
Market Revenue (2023) | USD 198,370.5 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 18.2% CAGR |
Developments in mobile user interface (UI) design and mobile app development platforms have encouraged worldwide smartphone manufacturers to generate better apps and create efficient distribution methods over the years. Upgrading existing versions of popular mobile operating systems like iOS and Android is expected to create more opportunities for stakeholders in the ecosystem of the digital app marketplace.
App stores are created to meet current consumer trends, such as downloading new programs or updating existing applications. Growing downloads of healthcare applications such as Epocrates and Medcalc, as well as rising volumes of in-app sales and purchases, are two upcoming trends that are anticipated to drive the sales of mobile application stores during the forecast period.
The most common trend influencing the online app store market dynamics is the increase in downloads of gaming apps. The growing popularity of smartphones has resulted in a significant increase in the global mobile app store ecosystem. The frequent use of social networking apps and downloading new and exciting games are boosting the income for mobile application stores. Another factor assisting the mobile app stores' market growth is the key competition between app store companies and individual app developers.
The table below lists the countries that can provide better growth opportunities for regional mobile app store market players.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 17.2% |
Germany | 15.8% |
Japan | 15.1% |
Australia | 23.9% |
China | 20.9% |
The United States is predicted to remain a key marketplace for mobile applications following a CAGR of 17.2% through 2034.
Germany is poised to witness a below-average CAGR of 15.8% in income through mobile application stores over the forecast years.
The mobile application store industry in China is likely to expand at an annual growth rate of 20.9% over the next ten years.
Demand for mobile application stores in Japan is forecasted to grow at a rate of 15.1% per year till 2034.
The mobile application store sales in Australia are projected to rise at a lucrative rate of 23.9% between 2024 and 2034.
Based on store type, the Google Play Store is estimated to account for 46.1% of the total sales in 2024
Attributes | Details |
---|---|
Top Store Type or Segment | Google Play Store |
Total Market Share in 2024 | 46.1% |
Based on application type, communication apps are figured to hold almost 19.3% of total revenue generated by the market in 2024.
Attributes | Details |
---|---|
Top Application Type or Segment | Communication |
Total Market Share in 2024 | 19.3% |
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With more than a billion downloads of free apps Google Play, one of the top Android app stores, has made incredible development since its inception. Startups covered in the mobile application store market analysis report have also recently gained a significant presence. New mobile application stores are mostly concerned with providing user-friendly applications with better experiences.
Recent Developments in the Global Mobile Application Store Market
The main drawback of selecting a standard option is the severe competition. Some of the best alternative Android application stores are listed below so that you can reach more localized and specialized customer populations.
1Mobile Market
A different approach to developing a successful app is to focus solely on the app's popularity. 1Mobile Market is only for free apps so it is a great place to upload an app to test it out on the market. The most significant advantage is that a useful recommendation system based on preferences allows apps to become popular quickly. It is an excellent site to upload your software, with over 100 million downloads and hundreds of thousands of Android apps listed.
Amazon Appstore
The Amazon Appstore, while not as old as Google Play or SlideME, is one of their most successful competitors. With the release of the Kindle Fire, the Fire Phone, and a variety of Android devices running Fire OS, there is a burgeoning demand for Amazon-sold software. There are certain challenges with running apps on the Fire OS, but most developers only require a few days to get their program ready for Amazon. In reality, many Android apps already work well on Fire OS.
SlideME
SlideME is the most frequently found app store on most Android devices after the primary competition as a long-term player in the app store business, having been running even longer than Google Play Store. The greatest benefit is that payments may be made through PayPal, and the app store only charges 20% for each purchase of your app.
Samsung Galaxy Apps
It is unsurprising that Samsung, the business that manufactures the most Android phones, has created its own app store. In comparison to other app stores, Samsung Galaxy Apps has a very modest number of apps, which can help most apps stand out. The app store is installed on every Samsung Galaxy device, thus there is an immediate and enormous client base.
Mobile9
This app store is more like a social network than a traditional app store. Mobile9 has millions of active users, each of whom can comment on and discuss the applications they have installed. Publishing an app is free, and with such a large user base, it can generate excellent benefits.
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 235,635.8 million |
Projected Market Size (2034) | USD 1,504,596.8 million |
Anticipated Growth Rate (2024 to 2034) | 20.4% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Store Type, By Application, and By Region |
Key Companies Profiled | Amazon Appstore; Windows Store; Apple iTunes; Google Play; BlackBerry World |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global mobile application store market is likely to be USD 235,635.8 million in 2024.
The global mobile application store market is to grow at 20.4% during the forecast period.
The global mobile application store market valued to be USD 1,504,596.8 million by 2034.
The global mobile application store market was valued at USD 101.762.2 million in 2019.
Australia to witness a CAGR of 23.9% in sales of mobile application store through 2034.
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