Mexico Mobile Application Market Size & Outlook, 2023-2030
Mexico mobile application market, 2018-2030 (US$M)
Related Markets
Mexico mobile application market highlights
- The Mexico mobile application market generated a revenue of USD 4,828.9 million in 2023 and is expected to reach USD 10,081.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, apple store was the largest revenue generating store type in 2023.
- Google Store is the most lucrative store type segment registering the fastest growth during the forecast period.
Mobile application market data book summary
| Market revenue in 2023 | USD 4,828.9 million |
| Market revenue in 2030 | USD 10,081.7 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Apple store |
| Fastest growing segment | Google Store |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Google Store, Apple Store |
| Key market players worldwide | Alphabet Inc Class A, Apple Inc, Microsoft Corp, Amazon.com Inc, Vivendi SE, Netflix Inc, Ubisoft Entertainment, Xiaomi Corp Class B, Practo, Cult.fit |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.1% of the global mobile application market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil mobile application market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 20,837.1 million by 2030.
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Mobile Application Market Scope
Mobile Application Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico mobile application market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile application market will help companies and investors design strategic landscapes.
Apple store was the largest segment with a revenue share of 60.1% in 2023. Horizon Databook has segmented the Mexico mobile application market based on google store, apple store covering the revenue growth of each sub-segment from 2018 to 2030.
The Mexico mobile application market benefits from the country’s growing digital economy and supportive regulatory environment. The shift toward a digital economy, including e-commerce, online banking, and digital payments, has spurred the demand for mobile applications. Consumers are increasingly using mobile applications for shopping, financial transactions, and other daily activities, driving market growth.
The emergence of super apps, such as BAZ SUPER APP, S.A. de C.V., is contributing to the market’s growth. The growth of localized content and services tailored to the Mexican market is also attracting more users to these applications. This includes apps offering localized news, entertainment, and services in Spanish, catering specifically to Mexican preferences and cultural nuances.
Government initiatives aimed at promoting digital inclusion and innovation are also contributing to market growth. Policies supporting technological development and digital transformation also encourage the growth of mobile applications.
Reasons to subscribe to Mexico mobile application market databook:
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Target buyers of Mexico mobile application market databook
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Our clientele includes a mix of mobile application market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico mobile application market , including forecasts for subscribers. This country databook contains high-level insights into Mexico mobile application market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico mobile application market
Mexico Mobile Application Market Outlook Share, 2023 & 2030 (US$M)
Mexico mobile application market
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