App Development in the UK - Market Research Report (2014-2029)

Applied growth: Industry revenue is set to soar thanks to innovation and the prevalance of smartphones

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Since the release of the first iPhone in 2008, and with it the launch of Apple's App Store, the industry has gone from practically non-existent to an established software development segment. The rapid penetration of smartphones equipped with internet connectivity and powerful processors has facilitated significant expansion. In a decade, apps have integrated themselves into a variety of functions, becoming an indispensable feature of modern life. App developers' revenue is projected to swell at a compound annual rate of 16.8% over the five years through 2022-23 to reach £21.8 billion.

Players in this industry write, design and test software for smartphones, tablets and other mobile devices. This industry only records revenue arising from development activities and does not include the value of transactions carried out via the app.