App Analytics Global Market Report 2024

The app analytics market size has grown exponentially in recent years. It will grow from $4.1 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 23.3%. The expansion witnessed in the historical period can be attributed to several factors, including the widespread adoption of smartphones and mobile devices, escalating demand for data-driven decision-making among app developers, the surge in mobile app usage across diverse industries, the refinement of app monetization strategies, and intensifying competition within the app market.

The app analytics market size is expected to see exponential growth in the next few years. It will grow to $11.77 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The projected growth in the forecast period can be ascribed to several key factors, including the emergence of AI-driven analytics facilitating deeper insights, the integration of app analytics with internet of things (IoT) devices, the expansion of app analytics to encompass augmented reality (AR) and virtual reality (VR) applications, a heightened focus on user engagement and retention metrics, the adoption of predictive analytics for proactive decision-making, and the proliferation of enterprise app analytics tailored for internal productivity applications. Major trends anticipated for this period encompass cross-platform analytics, privacy-first analytics approaches, integration with low-code platforms, advanced attribution models, and the optimization of app performance.

The escalating frequency of cybersecurity threats is anticipated to propel growth within the app analytics market. Various factors contribute to the surge in cybersecurity threats, including a broader digital presence, sophisticated attack methodologies, the proliferation of IoT devices, involvement from nation-states, vulnerabilities in the supply chain, skills shortages, financial incentives, and the exploitation of zero-day vulnerabilities. App analytics in cybersecurity involves real-time monitoring, detection of suspicious activities, threat identification, analysis of user behavior, compliance monitoring, and support for incident response and forensic analysis. Checkpoint reported a significant 38% increase in global cyberattacks in 2022 compared to 2021. This underscores the driving force behind the app analytics market.

Key players in the app analytics market prioritize the development of advanced solutions, such as mobile marketing analytics platforms, to enhance user engagement, optimize marketing strategies, and foster app growth. These solutions provide insights into user behavior, acquisition channels, engagement metrics, and campaign performance, enabling marketers to refine their strategies effectively. Adjust unveiled Adjust Dataspace in April 2022, a cutting-edge analytics solution delivering essential KPIs and performance metrics swiftly and seamlessly. With unified data and enhanced visual context, marketers can derive actionable insights and make data-driven decisions in real time, leveraging features such as chart integration, expanded dashboard filters, and prolonged cohort analysis time frames.

In March 2024, in a strategic move to bolster its position in marketing intelligence, particularly within the mobile app sector, Sensor Tower Inc. acquired data.ai. This undisclosed acquisition aims to establish Sensor Tower as an industry-standard solution in marketing intelligence, leveraging data.ai.'s expertise in app store optimization (ASO) and mobile application performance analytics. The integration of data.ai.'s capabilities will enrich Sensor Tower's offerings, providing enhanced competitive insights into the app economy and empowering both companies to deliver comprehensive solutions to their clients.

Major companies operating in the app analytics market are AT&T Inc, Adobe Inc, Piwik PRO, Appsflyer India Pvt. Ltd., Amplitude Inc., Data.ai., Mixpanel International inc., MoEngage, Taplytics Inc., GameAnalytics Ltd., Leanplum Co., Apsalar Analytics Pvt. Ltd., UXCam, Flurry Analytics, Countly Ltd., Matomo, Kochava Inc., Appsee Inc., Singular, Localytics, Rakam, Adjust, CleverTap Pvt. Ltd.

North America was the largest region in the app analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the app analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the app analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

App analytics involves the systematic tracking and examination of user interaction with mobile or web applications, aiming to comprehend diverse aspects including user behavior, performance metrics, and marketing effectiveness. The principal objective of app analytics is to extract actionable insights regarding app performance and usage patterns, facilitating informed decision-making and the enhancement of the app's efficacy and user experience.

The primary deployment options for app analytics encompass on-premises and cloud-based solutions. Software, consisting of a compilation of programs and data instructing computers on task execution, constitutes the core components of app analytics. This includes a range of offerings such as advertising and marketing analytics, app performance and operations management, conversion tracking, user analytics, revenue management, and other applications. End-users spanning various sectors including banking, financial services, insurance, retail, media and entertainment, logistics, transportation, hospitality, telecom, information technology, and other verticals, utilize these software and services.

The app analytics market research report is one of a series of new reports that provides app analytics market statistics, including the app analytics industry global market size, regional shares, competitors with app analytics market share, detailed app analytics market segments, market trends, and opportunities, and any further data you may need to thrive in the app analytics industry. This app analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The app analytics content market consists of revenues earned by entities by providing services such as usage analytics, event tracking, crash reporting, performance monitoring, and predictive analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The app analytics content market also includes sales software development kits, privacy and compliance tools, data processing and storage, analytics engines, security, and privacy controls. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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