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 Market Study Report, global app store market was valued at USD 136.18 billion in 2020 and is speculated to witness significant expansion over 2021-2026.
 

Rising number of tablet and smartphone users, increasing monetization of apps, soaring demand for smart wearables, and widespread internet penetration are key factors driving global app store market growth.
 

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Based on operating system, worldwide app store market is bifurcated into iOS, android, and others. Among these, the android segment generated massive revenues in the recent past and is projected to expand steadily over the analysis period due to rising number of android mobile users in emerging economies.
 

Speaking of application scope, the industry is segregated into gaming, travel & lifestyle, business & utility apps, music & entertainment, and others. Out of these, the gaming segment held majority of the market share in the past year, owing to growing internet usage, and escalating demand for computer and mobile games from adults and youngsters.
 

The report examines the market landscape at a granular level by dividing it into segments and based on region. Industry share held by each segment and their respective growth rate predictions over 2021-2026 are given in the research document.
 

Regionally speaking, Asia Pacific is speculated to capture a significant share of global app store market between 2021-2026, owing to rising internet usage, coupled with growing number of smartphone users, and surging demand for innovative applications.
 

Apple Inc., Opera Ltd., Google LLC, Aptoide, LG Electronics Inc., GetJar, Amazon.com Inc., Appland, Huawei Technologies Co. Ltd., SlideME, and Samsung Group are leading companies in the global app store market sphere.
 

These companies have taken strategic decisions like alliances, investments in R&D, partnerships, product launches, and mergers & acquisitions to maximize profits and strengthen their foothold in the global market.