Dallas, Texas (PRWEB) July 10, 2014
Newly developed mobile applications are expensive because of their R&D expenditure. As a result of the increase in end-user demand for advanced applications, the price of existing applications is reduced. This strategy is used to attract price-sensitive customers who are late adopters of the product. Also, free applications generate more demand than paid applications. Hence, the reduction in application prices is expected to increase the demand for applications in the future. This factor coupled with the increase in the provision of free applications is one of the key trends that is expected to contribute to the growth of the Mobile Application market in Western Europe.
Analysts forecast the Mobile Application market in Western Europe will grow at a CAGR of 29.94 percent over the period 2013-2018. According to the report, one of the main drivers is the low entry barriers. OS providers supply application developers with development kits, reducing the initial investment needed to develop an application. In addition, the online tools and tutorials provided help developers create their own applications.
The Mobile Application market in Western Europe can be segmented into three divisions: Native mobile applications, mobile web applications, and hybrid mobile applications. Native mobile applications are those applications that are already housed in the mobile phones. Typical native mobile applications consist of alarm clock, calendar, notepad, calculator, and even games. Mobile applications that use and may be dependent on internet access in order to function are web applications. Web-based mobile applications are produced to create real-time interaction between users all over the world. Social networking sites as well as games are popular platforms for mobile web applications. Hybrid mobile applications are applications that have native features but are at the same time web-based, in other words, a combination of native and web applications. Facebook and Skype are some of the known hybrid mobile applications.
The Mobile Application Market in Western Europe 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on Western Europe; it also covers the Mobile Application market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The report recognizes the following companies as the key players in Mobile Application Market in Western Europe: Apple Inc., BlackBerry Ltd, Google Inc., Microsoft Corp., Amazon.com Inc., Dell Inc, Nokia Corp., and Samsung Electronics Co. Ltd.
Key Market Driver
- Low Entry Barrier.
Key Market Challenge
- Inability of Mobile Applications to Support Multiple OS Platforms.
Key Market Trend
- Declining Price of Mobile Applications.
Further, the report states that one main challenge in the market is the inability of mobile applications to support multiple OS platforms. The applications developed can be used only for a specific OS.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Radar Chart Analysis of the Average Price Trend for Mobile Broadband in Major Five Countries in Western Europe 2012
Exhibit 3: Average Mobile Broadband Price in Five Major Countries in Western Europe 2012 (US$)
Exhibit 4: Mobile Audience in the Five Major Countries in Western Europe 2012 (thousand)
Exhibit 5: Smartphone Penetration in Europe 2008-2017
Exhibit 6: Smartphone Penetration Among the Five Major Countries in Western Europe
Exhibit 7: Mobile Data Traffic in Europe 2007-2018 (million GB)
Exhibit 8: Mobile Usage Statistics in Europe 2013
Exhibit 9: Types if Mobile Applications
Exhibit 10: Mobile Application market in Western 2013-2018 (US$ billion)
Exhibit 11: Mobile Application Market in Western Europe as a subset of Global Mobile Application Market 2013
Exhibit 12: Mobile Application Market in Western Europe by Application
Exhibit 13: Mobile Application Market in Western Europe by Number of Applications 2013 (percent)
Exhibit 14: Digital Ad Revenue Percentage of Five Major Countries in Western Europe 2013
Exhibit 15: Digital Ad Revenue of Five Major Countries in Western Europe 2013 (US$ billion)
Exhibit 16: Apple Inc. Product Classification
Exhibit 17: Revenue of Apple Inc. by Product Segmentation FY2013
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