According to the business intelligence 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 valuation had reached USD 136.18 billion in 2020 and is anticipated to expand substantially over 2021-2026.
 

Growing monetization of apps, increasing number of smartphone and tablet users, widespread internet penetration, and surging demand for smart wearables are key factors spurring global app store market proliferation.
 

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Speaking of operating system, global app store industry is segregated into Android, iOS, and others. Out of these, the report states that the Android segment amassed massive revenues in the past year and is speculated to grow steadily over the forecast timeframe, owing to increasing number of Android mobile users in developing countries.
 

Based on application scope, the market sphere is divided into travel & lifestyle, gaming, music & entertainment, business & utility apps, and others. Among these, the gaming segment captured a significant portion of the market share in the recent past, primarily due to rising demand for mobile and computer games from youngsters as well as adults and increasing internet usage.
 

The report analyses the business sphere at both micro and macro levels by segregating it into segments while analyzing the regional contribution. Growth rate projections and market share captured by each segment over 2021-2026 are included in the study.
 

Regionally speaking, Asia Pacific is projected to hold majority of global app store market share between 2021-2026, owing to rising number of smartphone users, growing internet usage, and soaring demand for innovative applications.
 

Key companies profiled in the report are GetJar, Apple Inc., Google LLC, Opera Ltd., Amazon.com Inc., Aptoide, Appland, LG Electronics Inc., Huawei Technologies Co. Ltd, Samsung Group and SlideME.
 

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