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Mobile app market size project to reach $407 billion by 2026

The mobile application is one of the fastest-growing industries and will continue to expand at a significant pace due to increased smartphone and internet penetration, according to Valuates Reports.

The global impacts of the COVID-19 pandemic are already starting to be felt, and will affect the mobile application market significantly in 2020, adds the research group The global mobile application market size in 2018 was estimated at US$106 billion and is expected to hit $407 billion by 2026, rising at a compound annual growth rate of 18.4% from 2019 to 2026, according to Valuates Reports. Here are some highlights of the report:

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