According to a new market research report published by Credence Research “Mobile Accelerator Market ((Type- Content/Web Application, Wan optimization, Mobile Application Accelerator, Content Delivery Network Accelerator, and Others (Device Accelerator, End-user Accelerator etc.)), (Application- Gaming, M-Commerce, Location-based Services, Music, Social Networking, Others (Messaging, Banking, Travel, Education, etc.)), (Component- Source Optimization, Network Optimization, Client/Device Optimization)) Market – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall mobile accelerator market worldwide was valued at US$ 1.97 Bn in 2018 and is set to grow with a CAGR of 23.5% during the forecast period.
Advanced technology adoption and penetration of digital environment worldwide are driving the growth for mobile accelerator market globally. Mobile accelerators are basically used for speed enhancement for application development, increase the speed of web content, network and others. Growing smartphone market and need for improved customer experience are the other major growth factors of the market. Major application of mobile accelerator for enormously used apps such as social networking, m-commerce, gaming and others is the other factor driving the growth of the market. Growing online marketing market is also one of the major factors for the growth of mobile accelerator market.
Based on application, the mobile accelerator market is led by social networking segment in 2018. The social networking segment has around 25% of the revenue share in the same year. The segment has highest growth owing to tremendous growth in social media application users and increased social media marketing market. In 2018, social media applications such as Facebook has 2.41 Bn users, WhatsApp has 1.6 Bn users, and Instagram has around 1.0 Bn users respectively compared with 2009, Facebook and WhatsApp have 175 Mn, 1.0 Mn and Instagram had not launched. Further, due to tremendous growth of social media application users and increased online- marketing market we expect that the segment will continue its dominance during the forecast period.
Based on the geography, Asia Pacific dominates the mobile accelerator market in 2018 and accounting for around 35% of the market share in the same year. The region dominates the market due to manufacturing hub for smartphones, over 500 tech hubs, and availability of inexpensive labor. Growth of the region is majorly contributed by developing nations such as China and India. Smartphone and internet penetration in Asia Pacific will be the major growth contributor for the market. As a consequence, we expect that the region will continue its dominance position in the mobile accelerator market during the forecast period 2019-2027.
Some of the major companies profiled in the report include Akamai Technologies, Inc., Juniper Networks Inc., Flash Networks Inc., Huawei Technologies Co. Ltd, Riverbed Technologies Inc., Qualcomm Inc., Mobidia Technology Inc., Ascom Holding AG, RapidValue IT Services Private Limited, IBM corporation, CITRIX SYSTEMS, INC., F5 NETWORKS, INC. among others.
Our Blog: Home – Target Market Size