Market Highlights
The global mobile application market is marked to exhibit significant expansion at a CAGR of 14% during the forecast period of 2017-2023 and reach the valuation of USD 165 Bn by the end of the forecast period. Rapid advancement in technology has led to the development of compact electronic devices and improved internet connectivity and communication all over the world.
Increasing availability of innovative mobile applications to carry out various functions including online shopping, bill payments, money transfer, e-wallets, and others and increased usage of smartphones in all the age groups are majorly fueling the growth of the global mobile application market. Improved internet connectivity, increased availability of smartphones at affordable prices and rise in LTE adoption are also propelling the growth of the global mobile application market.
Global Mobile Application Market: Industry Updates
In January 2019, The Veteran Affairs Department has signed a contract with Booz Allen Hamilton to stand up and manage a new multi-tiered cloud platform for its mobile applications.
In January 2019, Habo, a Lagos-based sanitary napkins production and distribution company, has announced that it has launched a mobile application to help customers order its products online.
In January 2019, it has been announced that OYO has offered customer autonomy to its mobile application OYO Assist, where customers can now raise service requests, modify bookings and handle many other services.
In January 2019, Indian Railway Service has launched a mobile application named Rail Sathi to provide online end-to-end travel assistance.
In December 2018, Five Omani women have developed a mobile application 'Aon' to assist visually impaired individuals.
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Major Key players
- Willow Tree, Inc (the U.S.)
- Nokia Corporation (Finland)
- Amazon Inc (the U.S.)
- Google Inc (the U.S.)
- Intellectsoft US (the U.S.)
- Microsoft Corporation (the U.S.)
- Y Media Labs (the U.S.)
- Appster (Australia)
- Gameloft SE (France)
- Konstant Infosolutions (India)
Segmentation:
The global market for mobile application is segmented on the basis of categories, platform, and end-user. Based on categories, the global mobile application market is segmented into gaming and non-gaming. The non-gaming segment has been sub-segmented into productivity, entertainment, social media, browser, and others. Based on platform, the global mobile application market is segmented into iOS, Android, and windows. Based on end-users, the global mobile application market is segmented into banking, retail, airlines, education, transport, media, hotels, and restaurants, government and others.
Regional Analysis:
The global market for mobile application has been geographically segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. The Asia Pacific region commands the major share of the global mobile application market owing to the increasing demand for online services, expanding user-base of smartphones due to the availability of affordable mobile phones, improved internet connectivity and rise in demand for application-based solutions in the emerging economies of this region.
Rapid adoption of cloud-based solution, development of innovative applications to carry out various day-to-day activities, increasing popularity of e-commerce web apps and easy adoption of technologically advanced solutions are propelling the growth of the mobile application market in the North America region. High demand for mobile-based applications and increased reliance on cloud-based solutions are fueling the growth of the mobile application market in the Europe region.
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Rising popularity of prom dresses especially due to endorsement by celebrities is driving the market growth.
The growing popularity of prom dresses among teenagers is influencing the sales of prom dresses since last few years.
Key players are introducing the prom dress collection which are designed by famous fashion designers to expand their product portfolio across globe.
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This report includes a study of strategies such as mergers and acquisitions, product launches by the major Prom Dresses market players.
It further includes product portfolios, developments of leading major players which includes
Rapid Infrastructural Development To Propel The Growth Of Global Construction Lasers Market In The Forthcoming YearsThe advent of advanced technology is aiding various industrial sector, along with the building and construction industry in adopting latest technologies for minimizing errors and optimizing productivity on construction sites.
The detailed report published by Market Research Future (MRFR) projects that the global construction lasers market is marked to exhibit expansion at a noteworthy growth rate in the forthcoming years.
High demand for advanced construction technology that aids in reducing human errors in order to achieve design accuracy and durability to the construction site and necessity for utilization of advanced equipment for measurements and construction in order to expedite the building construction process are majorly propelling the growth of the global construction lasers market.Increasing introducing a wide variety of construction lasers that are compact and highly efficient, and increasing adoption of technologically advanced solutions by the contractors and civil engineers with the aim of assisting the conventional manual procedures are also fueling the growth of the global construction lasers market.
However, rise in concerns regarding the adverse effects of long-term exposure to lasers and complexities related to maintenance and calibration of the devices are restraining the growth of the global construction lasers market in the coming years.Global Construction Lasers Market: Segmental AnalysisThe global market for construction lasers has been segmented by product and range.
The factors such as increasing adoption of technologically advanced construction equipment in order to reduce human errors and optimize productivity on construction sites, introduction of advanced construction equipment at affordable prices, and rapid advancement in technology are majorly propelling the growth of the global market for construction lasers in the North America region.
High investment for research and development for introducing compact, but highly efficient construction laser devices and easy adoption of technologically advanced solutions in the building and construction industry are fueling the growth of the global construction lasers market in the Europe region.
According to the Research Report Insights (RRI) report, the global market for MFT software and service market was valued at over US$ 1157 Million in 2015. In addition, the market is expected to reach US$ 2,071.94 Million by the end of 2025, expending at 6% CAGR.
MFT is a fast, reliable, transparent and secure mode of exchanging large and heavy information or intellectual property between or within organizations. Industries that require critical data privacy such as the banking and financial institutions incorporate MFT solution for safe operational workflow. In other words, MFT prevents leak or theft of confidential data. Business and organizations are rapidly adopting to MFT solutions in order to secure their digital or virtual working platforms.
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Presently, the global market for MFT software and service is growing due to the ever increasing number customer opting for online banking. Over the recent past, the banking system has witnessed immense advancement in technology, especially in developed regions such as Western Europe and North America. This, in turn, has led to higher vulnerability to cyber-attacks and raising concerns over data hacking. Moreover, superior advanced technology of MFT software compared to FTP is expected to fuel the overall market growth of MFT software and service
Based on verticals, the global market for MFT software and service has been segmented into media & entertainment, Banking, Financial Service & Insurance (BFSI), telecommunication, manufacturing, retail, and others (marketing & advertising, energy & utility, and government). Amongst these, the MFT in the banking, financial service & insurance segment is expected to witness a substantially higher demand from the other segments. By 2025, the segment is anticipated to account for over 21% share of the vertical segment in terms of value. RRI indicates that the segment is expected to witness a healthy CAGR over the forecast period.
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Based on software, the global market for MFT software and service is segmented into system-centric, extreme, people-centric file transfer. The system-centric file transfer is expected to be the leading segment and is anticipated to account for over 71% share of the market in terms of revenue by the end of 2025.
By service, the global market for MFT software and service segmented into maintenance, implementation & integration and consulting. Amongst these, the maintenance is expected to the largest segment of the market during the forecast period.
The report further provides analysis and insights about opportunities of the MFT software and service market in seven key regions namely North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and the Middle East and Africa (MEA). Amongst these regions, North America is the most lucrative market for MFT software and service, accounting nearly 50% share of the overall market in terms of value, the other two key regions are Western Europe and Asia Pacific excluding Japan (APEJ).
Major players operating in the global market for MFT software and service include Signiant Inc., IBM Corporation, CA Technologies Inc., SWIFT, The Axway Inc., Oracle Corporation, Software AG, GlobalSCAPE Inc., Wipro Limited, and Micro Focus (Attachmate).
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COVID-19 Impact Analysis on Money Transfer Platforms Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the money transfer platforms market include Azimo Limited, Global Payments Inc., TransferWise Ltd., ACI Worldwide, Inc., Financial Software & Systems Pvt.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Money Transfer Platforms Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/money-transfer-platforms-market/download-sampleMarket DynamicsThe rising integration of payment platforms in all kinds of business is the primitive market driver for the market growth of money transfer platforms.
Hence, increased demand by consumers all over the globe is expected to fuel the market growth of money transfer platforms.
Also, the increased adoption of smartphones and increasing customer's interest in the paperless transaction is assumed to spur the market growth of money transfer platforms.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
