The mobile application store market value is anticipated to be around US$ 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 US$ 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) | US$ 235,635.8 million |
| Market Anticipated Forecast Value (2034) | US$ 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 US$ 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 US$ 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) | US$ 101.762.2 million |
| Market Revenue (2023) | US$ 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.
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The section below explains the future growth prospects by comparing them with common trends and opportunities in two more related industries. A promising growth rate of the global mobile application market is expected to create more growth opportunities for mobile application stores. Likewise, the expansion of the mobile application development platform is anticipated to have a positive impact on both markets.
Mobile Application Store Market:
| Attributes | Mobile Application Store Market |
|---|---|
| CAGR (2024 to 2034) | 20.4% |
| Growth Factor | Swift expansion of popular mobile application stores like Apple's AppStore, Google's PlayStore, and Microsoft's Windows Apps |
| Market Opportunities | One trends propelling the mobile app marketplace ahead in recent years is the availability and download of gaming applications. |
| Market Challenges | Manufacturers of smartphones are unable to keep up with the development of mobile applications. |
Mobile Application Market:
| Attributes | Mobile Application Market |
|---|---|
| CAGR (2024 to 2034) | 8.6% |
| Growth Factor | A quickly growing mobile app user base and a shift towards subscription-based entertainment and gaming mobile applications. |
| Market Opportunities | Technological developments and digitization of the m-commerce, telecom, and BFSI sectors. |
| Market Challenges | Rising concerns regarding retention, storage, and privacy of personal data accessed through digital mobile apps. |
Mobile Application Development Platform Market:
| Attributes | Mobile Application Development Platform Market |
|---|---|
| CAGR (2024 to 2034) | 22.2% |
| Growth Factor | Key investments are being made in mobile application development platforms where users can purchase or download smartphone apps. |
| Market Opportunities | Greater utilization of artificial intelligence (AI) and machine learning (ML) in mobile applications to offer better development prospects. |
| Market Challenges | Issues with some apps that are designed for smartphones but cannot be used on handheld devices due to lack of feature development. |
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.
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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% |
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.
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.
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 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.
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.
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) | US$ 235,635.8 million |
| Projected Market Size (2034) | US$ 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 | US$ 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 |
|
| 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 US$ 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 US$ 1,504,596.8 million by 2034.
The global mobile application store market was valued at US$ 101.762.2 million in 2019.
Australia to witness a CAGR of 23.9% in sales of mobile application store through 2034.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Store Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Store Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Store Type, 2024 to 2034 5.3.1. Google Play Store 5.3.2. Apple Store 5.3.3. Others 5.4. Y-o-Y Growth Trend Analysis By Store Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Store Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034 6.3.1. Gaming 6.3.2. Music & Entertainment 6.3.3. Health & Fitness 6.3.4. Productivity 6.3.5. Communication 6.3.6. Security 6.3.7. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Store Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Store Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Store Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Store Type 9.3.3. By Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Store Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Store Type 10.3.3. By Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Store Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Store Type 11.3.3. By Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Store Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Store Type 12.3.3. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Store Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Store Type 13.3.3. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Store Type 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Store Type 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Store Type 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Store Type 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Store Type 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Store Type 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Store Type 15.5.2.2. By Application 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Store Type 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Store Type 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Store Type 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Store Type 15.9.2.2. By Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Store Type 15.10.2.2. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Store Type 15.11.2.2. By Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Store Type 15.12.2.2. By Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Store Type 15.13.2.2. By Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Store Type 15.14.2.2. By Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Store Type 15.15.2.2. By Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Store Type 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Store Type 15.17.2.2. By Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Store Type 15.18.2.2. By Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Store Type 15.19.2.2. By Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Store Type 15.20.2.2. By Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Store Type 15.21.2.2. By Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Store Type 15.22.2.2. By Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Store Type 15.23.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Store Type 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Amazon Appstore 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Windows Store 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Apple iTunes 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Google Play 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. BlackBerry World. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. GetJar 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Aptoide 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Opera Mobile Store 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Mobile Application Store Market
