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Global Mobile Application Development Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over forecast period 2020-2027.
Global Mobile Application Development Market
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The report covers an in depth analysis of COVID 19 pandemic impact on Global Mobile Application Development Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Global Mobile Application Development Market Dynamic’s:
Mobile Application Development refers to the process of making application software for handheld devices such as mobile phones and Personal Digital Assistants. Through the usage of mobile apps, the user is provided with various features that will fulfil all his needs and much more. Factors such as an increasing advent of cloud based technology and growing number of commercial mobile devices are mainly driving the global mobile application development market. Increasing demand among enterprises for mobile apps and rising adoption of bring your own device (BYOD) are also major factors expected to fuel the demand for mobile application development platforms over forecast period.
However, high cost of mobile application development platform solutions, cyber security concerns and lack of technical infrastructure are the major factors which are expected to hinder the growth of the market.
Global Mobile Application Development Market segmented by platform, application and by region. By platform, android segment held 56.78% of market share in 2019 and is expected to keep its dominance over forecast period. Android is the world’s most popular platform for mobile devices. Android brings Google and the whole internet to users of smart phones, tablets, and other mobile devices. In the process, it is changing how we communicate with one another. Android is an open platform that provides exciting opportunities for developing virtually any app imaginable. With a user base that continues growing every day, Android also has a built-in open marketplace for distributing new apps. Android presents unprecedented opportunities for global mobile application development market over forecast period.
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