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Mobile App Development Market to Reach $606 . 1 Billion , Globally , by 2032 at 13 . 1 % CAGR : Allied Market Research

3, 2024 /PRNewswire/ — Allied Market Research has released a new report on the global mobile app development market. The report highlights the market’s impressive growth trajectory, projecting a significant surge in revenue to reach $606.1 billion by 2032. This growth is fueled by a robust CAGR of 13.1% over the forecast period. The report also identifies key drivers and trends shaping the market landscape.

This report provides a comprehensive analysis of the global mobile app development market, covering key market trends, drivers, restraints, and opportunities. The report forecasts the market size to reach $606.1 billion by 2032, with a compound annual growth rate (CAGR) of 13.1%. The report segments the market by platform, store type, application, and region.

The report analyzes the competitive landscape of the mobile application development market, highlighting the key players and their respective market shares. It also examines the factors driving the growth of the mobile application development market, including the increasing adoption of smartphones, the rise of mobile-first businesses, and the growing demand for mobile-optimized applications. The report further explores the challenges faced by the companies in the mobile application development market, such as intense competition, regulatory hurdles, and the need for continuous innovation.

* **Microsoft and IBM’s Focus on Generative AI:** Both companies have been actively engaged in the development and deployment of generative AI solutions. Microsoft’s investments have included the development of ChatGPT and its integration with various Microsoft products and services. IBM, on the other hand, has been exploring and deploying generative AI in various industries, including healthcare, finance, and customer service.

* AWS and Salesforce partnership expanded to include data and AI integrations. * AWS Marketplace now offers select Salesforce products. * MobileIron acquired incapptic Connect for $1.5 billion. * Mobile automation is becoming increasingly important in the enterprise.

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