Mobile Analytics Market

Mobile Analytics Market Research, 2031

The global mobile analytics market was valued at $4.72 billion in 2021, and is projected to reach $27.60 billion by 2031, growing at a CAGR of 19.4% from 2022 to 2031.

The mobile analytics market was positively affected by the COVID-19 pandemic and showcased a positive growth rate during the period, owing to a significant increase in smartphone usage and penetration of internet across the world and adoption of mobile analytics solutions in verticals such as retail and healthcare, which contributed towards the growth of the mobile analytics market during the period.

Analytics is the practice of measuring and analyzing data of users in order to create an understanding of user behavior as well as website or an application’s performance.

 Mobile analytics involves measuring and analyzing data generated by mobile platforms and properties, such as mobile sites and mobile applications. Mobile Analytics measures users' engagement with the app in addition to metrics related to the app itself, such as app installs, app launches, taps, screens, events, app versions, flows, user retention, funnel analytics, and more. Also, just like web analytics, mobile analytics tracks and measures similar metrics about users, such as how many new users are using the app, from which countries, which devices and versions.

The market penetration of smartphones and growth in demand to receive new and actionable insight on the buyers’ preferences have accelerated the need for mobile analytics worldwide. In addition, the upsurge in mobile advertising and advent of data analytics and big data have further boosted the mobile analytics market. However, lack of awareness on the benefits of mobile analytics and growth in privacy concerns have restricted the market growth for mobile analytics. On the other hand, with many enterprises entering the market and providing advance solutions would is expected to create greater opportunities during the forecasted period.

The mobile analytics market is segmented into Offering, Application, Industry Vertical and Enterprise Size.

Segment Review

The mobile analytics market is segmented on the basis of offering, application, enterprise size, industry vertical, and region. On the basis of offering, the market is segmented into solution and services. On the basis of solutions, the market is segmented into mobile app analytics and mobile web analytics. Further, on the basis of mobile web analytics, the market is segmented into on-premise and cloud.

On the basis of application, the market is segmented into mobile advertisement and marketing analytics, targeting and behavioral analytics, application performance analytics, others.

On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs.

Depending on industry vertical, it is segregated into BFSI, healthcare, retail & ecommerce, IT & telecom, travel & hospitality, media & entertainment, government and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By organization size, the large enterprises segment dominated the growth in the mobile analytics industry in 2021, and is expected to maintain its dominance in the upcoming years. The increase in smartphone and internet penetration are the key drivers for the market growth. Moreover, the major factors driving the mobile analytics are increase in the mobile advertising and emergence of disruptive digital technologies like IoT and data analytics.

There is proliferation of mobile analytics in large enterprises across the industries such as retail, health care, and BFSI. However, the small and medium enterprises segment is expected to experience the highest growth rate during the forecast period.

North America dominated the mobile analytics market North America dominates the mobile analytics market and is expected to continue its dominance trend over the forecast period, due to significant adoption rate of mobile analytics solutions due to cost effectiveness and scalability. Moreover, in North America, retail businesses are investing in their emerging technologies to streamline work processes. Adoption of mobile analytics improves retail sales and customer management performance. Moreover, developed telecommunication infrastructure in the countries such as the U.S. and Canada boosts the use of cloud-based mobile analytics. Furthermore, retail firms are increasingly expected to use mobile analytics to boost their businesses and improve the customer experience, which is beneficial for growth of the market. In addition, businesses in North America are expanding their IoT business capability, which is anticipated to notably contribute toward the market growth. However, Asia-Pacific is expected to witness highest growth rate during the forecast period. In Asia-Pacific, the mobile analytics market growth is expected to be driven by numerous economic and process benefits such as real-time data analytics and data analytics. Moreover, increased demand for smartphones and other connected devices as well as surge in need for internet access are some of the major factors driving the mobile analytics market growth. In addition, the growth of advertising and marketing through mobile platforms such as applications and web portals, is also driving the growth of the market in the region.  

The report focuses on the growth prospects, restraints, and global mobile analytics market share. The study provides Porter’s five forces analysis of the global mobile analytics market forecast to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, threat of substitutes, and bargaining power of buyers on the global mobile analytics market trends.

COVID-19 Impact Analysis

The global mobile analytics market size was valued at $4,716.28 million in 2021, and is projected to reach $27,598.61 million by 2031, registering a CAGR of 19.4% from 2022 to 2031. The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. The market is expected to grow rapidly after the pandemic, owing to rise in adoption of work-from-home culture across the globe.

COVID-19 has disrupted normal life and has enforced a substantial change in the policies, priorities, and activities of individuals, organizations, and governments. These changes are proving to be a catalyst for technology and innovation. By 2021, it’s expected that mobile app downloads will reach 258 billion, a 45% increase since 2017. Increase in revenue will indicate that use of mobile analytics has overcome the negative impact on technology sector due to COVID-19 lockdown.

Moreover, during the COVID due to WFH policies the demand for cloud-based solutions and the SaaS-based model increased significantly. This has positively impacted the market growth. Incidentally, during the pandemic, mobile analytics and automation helped eliminate the dependency on staff availability, thus supporting both remote working and ensuring business resilience.

Top impacting factors     

Factors such as growth in mobile users worldwide and increase in investment in mobile apps and increase in the demand for real-time analytics for personalized ads, impact the growth of the mobile analytics market globally. In addition, the market growth is affected by data security & privacy concerns and lack of technical manpower and lack of knowledge about benefits of mobile analytics solutions. Furthermore, increase in integrated mobile analytics solutions influences the market growth. However, each of these factors is anticipated to have a definite impact on the growth of the global mobile analytics market during the forecast period.

Growth in mobile users worldwide and increase in investment in mobile apps

The increase in number of smartphone users and the rise in preference for accessing online content from mobile devices has led many companies to focus on reaching customers through mobile applications. In addition, companies are developing mobile applications for businesses where they can improve the performance of applications by partnering with mobile analytics solution providers. Mobile analytics solutions provide various information such as mobile campaign optimization, user behavior, user preference, user location and more.                                                                                                            

Increase in demand for real-time analytics for personalized ads

The continued growth in online purchases through mobile apps and increased emphasis on increasing customer retention have fueled demand for mobile analytics across multiple industries. In addition, the rise in reliance on mobile analytics among organizations to track mobile ad activity with real-time data and the need to deliver personalized ads that target individual customers based on their behavior and interests are expected to drive the growth of the global mobile analytics market during the forecast period. For instance, as per Oberlo, mobile advertising spend in the U.S.in 2022 is expected to reach $137.13 billion.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mobile analytics market analysis from 2021 to 2031 to identify the prevailing mobile analytics market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the mobile analytics market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global mobile analytics industry.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global mobile analytics market trends, key players, market segments, application areas, and market growth strategies.

 Mobile Analytics Market Report Highlights