IMARC Group, a leading market research company, has recently releases report titled, “App Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global app analytics market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the app analytics market?
|Market Size in 2022||US$ 2,168 Million|
|Market Forecast in 2028||US$ 6,975 Million|
|Growth rate (2023 to 2028)||CAGR of 21.5%|
|Base Year of the Analysis||2022|
What is app analytics?
Application (app) analytics captures, analyzes, and delivers meaningful insights by producing real-time analysis through the visualization of data to improve IT operations, customer experience, and business outcomes. It enables organizations to quickly troubleshoot performance questions and root cause issues that can make necessary changes for efficiency. It can also analyze data in different contexts, capture application data without writing new code, handle big data center needs, and examine streaming data and log files quickly. It offers unique data about the response time, counts, exceptions, custom metrics, dependency rates, request and failure rates, page views and load performance, host diagnostics, and diagnostic trace logs. At present, several organizations are using continuous incorporation and delivery development paradigms, which boosts the need to measure the operation of the web, mobile, and desktop applications.
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What are the growth prospects and trends in the app analytics industry?
The increasing adoption of app analytics in small and medium-scale enterprises (SMEs) to enhance operational activities on account of the rising cloud-based solutions and remote working models represents one of the key factors strengthening the market growth around the world. In addition, it is used for creating an enhanced user experience, producing omnichannel platforms, and focusing on customer acquisition and retention in the banking, financial services and insurance (BFSI) industry. Along with this, the growing use of online banking applications is driving the market. Moreover, app analytics is employed in the gaming industry to improve the UI/UX of the game by measuring, predicting, and tracking the behavior of the players. The rising demand for online games on account of rapid digitization, increasing reliance on smartphones, and high-speed internet connectivity is contributing to the market growth. Apart from this, it finds extensive application in the entertainment sector to enhance the experiences of streaming services. In line with this, the emerging trend of streaming content on over-the-top (OTT) platforms is creating a positive outlook for the market. Furthermore, the expanding number of e-commerce websites and growing preferences for online shopping are driving the adoption of app analytics across the globe. Besides this, the integration of the internet of things (IoT), machine learning (ML), and artificial intelligence (AI) in app analytics to deliver actionable insights is offering lucrative growth opportunities to leading players operating in the industry. Additionally, there is an increase in the adoption of e-learning solutions through remote and digital platforms, which is escalating the demand for app analytics in the education sector. Along with this, the expanding number of educational apps that offer students with interactive online lectures and study materials is providing a thrust to the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Mobile App Analytics
- Web App Analytics
Breakup by Component:
Breakup by Deployment Mode:
Breakup by Application:
- Marketing Analytics
- Performance Analytics
- In-App Analytics
- Revenue Analytics
Breakup by Industry Vertical:
- Gaming and Entertainment
- Social Media
- IT and Telecom
- Health and Fitness
- Travel and Hospitality
- Retail and E-commerce
- Education and Learning
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Adobe Inc.
- Amazon Web Services Inc.
- App Annie
- AppDynamics Inc (Cisco Systems Inc.)
- Apptentive Inc.
- International Business Machines Corporation
- Taplytics Inc
- Upland Software Inc.
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