According to the research report titled ‘Global App Store Market - Analysis By Operating System (Android, iOS, Others), Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with MarketStudyReport, global app store market was valued at USD 136.18 billion in the year 2020 and is expected to garner massive returns during the period 2021-2026.
 

Upsurge in the number of tablet and smartphone users, rise in demand for wearable devices, and high internet penetration are the key factors propelling global app store market growth.
 

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Moreover, monetization of apps in the business environment is likely to create lucrative opportunities for enterprises in this line of work in the forthcoming years.
 

Based on operating system, the android segment of the business sphere is predicted to witness exponential growth during the forecast period, owing to the rising number of android mobile users particularly in developing countries.
 

In terms of application spectrum, the gaming segment presently accounts for a large share of the overall market and is estimated to showcase significant growth throughout the course of analysis, owing to huge demand for mobile and computer games among youngsters and adults, coupled with increasing penetration of the internet.
 

From a regional standpoint, the research literature for worldwide app store industry spans across North America (Canada, the U.S.), Latin America (Brazil), Europe (France, U.K., Germany), and Asia Pacific (India, South Korea, China, Japan). Among these, Asia Pacific market is poised to rise considerably during the predicted timeline, due to huge demand for innovation and technological advancement in mobile applications in the region.
 

The competitive landscape of global app store market is defined by companies such as Appland AB, The Samsung Group, Google LLC, GetJar (GeJjar Baltic JSC), SlideME LLC, LG Electronics, Inc., Amazon.com, Inc, Aptoide S.A., Apple Inc., Opera, and Huawei Technologies Co., Ltd. among others.