Overview and Scope
App analytics refers to the process of tracking and analyzing user engagement
with mobile or web applications to understand various aspects, such as user
behavior, performance, and marketing. The primary purpose of app analytics is
to gain insights into app performance, and usage patterns to inform
decision-making and optimize the app's effectiveness and user experience.
Sizing and Forecast
The app analytics market size has grown exponentially in recent years. It will
grow from $4.10 billion in 2023 to $5.06 billion in 2024 at a compound annual
growth rate (CAGR) of 23.3%. The growth
in the historic period can be attributed to the proliferation of smartphones
and mobile devices, increasing demand for data-driven decision-making by app
developers, growth of mobile app usage across various industries, the evolution
of app monetization strategies, and rising competition in the app market.
The app analytics market size is expected to see exponential growth in the next
few years. It will grow to $11.77 billion in 2028 at a compound annual growth
rate (CAGR) of 23.4%. The growth in the
forecast period can be attributed to the emergence of AI-driven analytics for
deeper insights, integration of app analytics with Internet of Things (IoT)
devices, expansion of app analytics to include augmented reality (AR) and
virtual reality (VR) apps, increasing focus on user engagement and retention
metrics, adoption of predictive analytics for proactive decision making, growth
of enterprise app analytics for internal productivity apps. Major trends in the
forecast period include cross-platform analytics, privacy-first analytics,
integration with low-code platforms, advanced attribution models, app
performance optimization.
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Segmentation & Regional Insights
The app analytics market covered in this report is segmented –
1) By Deployment Mode: On-Premises, Cloud-Based
2) By Component: Software, Services
3) By Application: Advertising And Marketing Analytics, App Performance And
Operations Management, Conversion Tracking, User Analytics, Revenue Management,
Other Applications
4) By Industry Vertical: Banking, Financial Services, And Insurance, Retail,
Media And Entertainment, Logistics, Transportation, Hospitality, Telecom And
Information Technology, Other Verticals
North America was the largest region in the app analytics market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the app analytics market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of cybersecurity threats is expected to propel the growth
of the app analytics market going forward. Cybersecurity threats are increasing
due to a larger digital footprint, sophisticated attack techniques, IoT
proliferation, nation-state involvement, supply chain vulnerabilities, skill
shortages, financial incentives, and zero-day exploits. App analytics in
cybersecurity involves providing real-time monitoring, identifying suspicious
activity, threat discovery, user behavior analysis, compliance monitoring, and
support for incident response and forensic analysis. For instance, in January
2023, according to the new data provided by Checkpoint, an Israel-based
provider of software and hardware products for IT security, global cyberattacks
increased by 38% in 2022 compared to 2021. Therefore, the increasing number of
cybersecurity threats is driving the app analytics market.
Key Industry Players
Major companies operating in the app analytics market are AT&T Inc, Adobe
Inc, Piwik PRO, Appsflyer India Pvt. Ltd., Amplitude Inc., Data.ai., Mixpanel
International inc., MoEngage, Taplytics Inc., GameAnalytics Ltd., Leanplum Co.,
Apsalar Analytics Pvt. Ltd., UXCam, Flurry Analytics, Countly Ltd., Matomo,
Kochava Inc., Appsee Inc., Singular, Localytics, Rakam, Adjust, CleverTap Pvt.
Ltd.
The app analytics market report table of contents includes:
1. Executive Summary
2. App
Analytics Market Characteristics
3. App
Analytics Market Trends And Strategies
4. App
Analytics Market - Macro Economic Scenario
5. Global
App Analytics Market Size and Growth
.
32. Global
App Analytics Market Competitive Benchmarking
33. Global
App Analytics Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The App Analytics Market
35. App
Analytics Market Future Outlook and Potential Analysis
36.
Appendix
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