United States is projected to lead the global mobile application stores market by 2032. The United States is predicted to emerge as a very profitable market for mobile games applications in terms of paid mobile games, in-app payment, and a quickly growing mobile app user base
DUBAI, United Arab Emirates, Sept. 21, 2022 (GLOBE NEWSWIRE) — The mobile application stores market size is expected to grow from US$ 165.9 billion in 2022 to US$ 1027.21 billion by 2032. The sales of mobile application stores are expected to grow at a CAGR of 20% during 2022-2032.
The mobile application stores market has grown significantly as a result of the rising use of smartphones. The adoption of mobile application stores is growing as a result of people using social networking apps frequently and downloading new and exciting games. The exponential increase in smartphone users is a major factor in the expansion of mobile application stores market. Online marketplaces where customers can buy or download smartphone applications are receiving significant investments.
The mobile application stores market share is expected to rise due to the exponential growth of application development programmes. One of the primary things propelling the global mobile application stores market forward is gaming applications. Despite iOS and Android, Apple and Google control more than 95% of the mobile application store market outside of China. Both mobile…