Singapore Mobile Application Market Size & Outlook
Singapore mobile application market, 2018-2030 (US$M)
Related Markets
Singapore mobile application market highlights
- The Singapore mobile application market generated a revenue of USD 1,850.7 million in 2023 and is expected to reach USD 3,737.6 million by 2030.
- The Singapore market is expected to grow at a CAGR of 10.6% 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 1,850.7 million |
| Market revenue in 2030 | USD 3,737.6 million |
| Growth rate | 10.6% (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, Singapore accounted for 0.8% 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 Asia Pacific, China mobile application market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 27,675.5 million by 2030.
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Mobile Application Market Scope
Mobile Application Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Singapore 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 60.76% in 2023. Horizon Databook has segmented the Singapore mobile application market based on google store, apple store covering the revenue growth of each sub-segment from 2018 to 2030.
Singapore’s mobile application market is advanced, driven by high smartphone penetration, robust digital infrastructure, and a tech-savvy population. The market is characterized by a strong demand for fintech, e-commerce, and productivity applications.
Sectors such as health & fitness, retail and applications such as smart city applications witness numerous opportunities, leveraging Singapore’s focus on innovation and technology. Significant trends in the market include the adoption of AI and machine learning for enhanced user experiences and the integration of IoT technologies in various applications.
Singapore’s favorable business environment and strong government support for tech innovation make it an attractive market for application developers. Data privacy and cybersecurity are areas of concern, with strict regulations in place to protect users.
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Target buyers of Singapore 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 Singapore mobile application market , including forecasts for subscribers. This country databook contains high-level insights into Singapore mobile application market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore mobile application market size, by store type, 2018-2030 (US$M)
Singapore Mobile Application Market Outlook Share, 2023 & 2030 (US$M)
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