Super Apps Market Research Report 2023 to Global Forecast till 2033

 The global super apps market is predicted to register a CAGR of 27.5% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 78.16 billion in 2023 to US$ 887.30 billion by 2033 end.

Factors such as the robust development of mobile networks, availability of low-cost smartphones, and affordable data plans are favoring the market growth of super apps. People are also increasingly accessing the internet via mobile phones.  

The limited storage capacity of low-end mobile phones is also shifting users toward the adoption of super apps. This can be attributed to the easy-to-use and effective integration of several services in the super apps.  

Significant percentage of the population is still unbanked, which means they have no access to a bank account. Super apps are usually outfitted with online payment and e-wallet features, merging offline and online services. As a result, the financial convenience offered by super apps, leading to easy online spending, is expected to generate several users in the coming years.  

Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-16908

Over the forecast period, the demand for digital services in channels like travel, food delivery, and payment is expected to increase. Several potential opportunities for businesses to unite users’ pain points and needs, expand their operations, and integrate services, are expected to propel the super apps industry. 

Top Highlights from the FMI’s Analysis of the Super Apps Market:   

  • China is expected to acquire a significant market share over the projected period. The continuous dominance of China over other markets is grounded in a large number of netizens, and the booming e-commerce sector in the country.
  • The Android sector is projected to acquire a large pie of the market in the coming years. Several benefits of Android over iOS, along with its affordability factor, are expected to govern the segment growth.
  • The smartphone sector obtained 75.6% in 2022. Increasing usage of smartphones for communication purposes, and growing demand for connectivity, are a couple of factors driving the segment expansion.
  • Social media and messaging sector is forecasted to account for 27.3% of the overall market share. Since users employ smartphones chiefly for communication, social media, and gaming, this segment is projected to witness healthy growth.
  • Growing demand for financial services like investment, insurance, digital payments, and wallets, is expected to boost the financial services segment. The segment is predicted to expand at 29.6% over the forecast period.
  • The consumer section is expected to depict a CAGR of 28.5% during the projected period. Increasing demand for value-added services and transaction services is enlarging the consumer base for super apps. 

FMI Captures Key Developments by Market Players: 

  • In December 2021, Grab revealed that it is foraying into online payments and food delivery channels. With the secured financing of worth US$ 1.46 billion, the company is set to witness robust growth as a super app. 
  • In January 2022, PayPal, which is a fintech super app firm, declared its acquisition of Paidy, a Japanese BNPL company for US$ 2.7 billion. With this acquisition, the company established its foothold in the country.

Super Apps Market by Category

By Platform, the Super Apps Industry is Segmented as:

  • Super Apps for iOS
  • Super Apps for Android
  • Super Apps for Other Platforms

By Device, the Super Apps Industry is Categorized as:

  • Super Apps on Smartphone
  • Super Apps on Tablets
  • Super Apps on Other Devices

By Application, the Super Apps Market is Segregated as:

  • Super Apps for Financial Services
  • Super Apps for Transportation & Logistics Services
  • Super Apps for E-commerce
  • Super Apps for Social Media & Messaging
  • Super Apps for Other Applications

By End User, the Super Apps Industry is Bifurcated as:

  • Super Apps for Businesses
  • Super Apps for Consumers

By Region, the Industry of Super Apps is Segmented as:

  • Super Apps in North America Market
  • Super Apps in Europe Market
  • Super Apps in Asia Pacific Market
  • Super Apps in Latin America Market
  • Super Apps in the Middle East and Africa Market
 

Comments

Post a Comment

Popular posts from this blog

OTT Content Market Research Report 2022 to Global Forecast till 2032

 The global  OTT content market  is anticipated to reach a valuation of US$ 434.98 Bn by 2032, with the market expanding at a prolific CAGR of 17.4% from 2022 to 2032. Predicted to reach an estimated US$ 87.46 Bn in 2022, the target market is likely fueled by a notable surge in market penetration as well as escalating demand for subscription-based services in emerging economies. The heightened popularity of live streaming channels will further aid the growth of the OTT content market during the forecast period. The deep market penetration of 4G and rising 5G infrastructure development across the globe aids the market growth of OTT content. An upsurge in high-speed bandwidth- which is an important criteria for proper functioning OTT services- propels the target market growth. The widespread usage pf high speed internet and smartphones, at competitive prices, amplifies the demand for the OTT content market. The gradual preference for SVOD over conventional TV services will supplement thi
Read more

Digital Transformation in Healthcare Market Trends | Segmentation, Outlook, Industry Report to 2033

 The global  digital transformation in healthcare market  is valued at approximately USD 65.2 billion in 2023. It is anticipated to grow to about USD 253.6 billion by 2033, with a consistent annual growth rate of 14.5% from 2023 to 2033. As digital health platforms like telehealth, mobile health, and wireless technologies become more common in medical facilities and nursing homes, they are providing patients with immediate access to medical care. This has made digital health a widely recognized term in healthcare. The impact of digital technology on various sectors such as public, retail, banking, financial services, and insurance (BFSI), and production is tremendous, but it has evolved into a game-changing technology in the medical field as end users’ reliance on digital health platforms grows. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-708 The emergence of healthcare smartphone applications and incentive proposals by gover
Read more

Flame Arrestor Market 2023 Outlook, Current and Future Industry Landscape Analysis 2030

  The Flame Arrestor market is witnessing robust demand due to increased industrial safety regulations. Growing awareness of explosion prevention measures in various sectors, including oil and gas, chemicals, and manufacturing, is driving the adoption of flame arrestors. The market is poised for expansion as companies prioritize safety solutions to mitigate the risk of fire and explosions. Flame Arrestor Market size was valued at USD 923.8 million in 2022 and is expected to grow to USD 1540.4 million by 2030 and grow at a CAGR of 6.6% over the forecast period of 2023-2030. In today's fast-paced corporate world, where agility and intelligence define success, having a sophisticated understanding of market dynamics is critical. In this environment, our thoroughly prepared Flame Arrestor market research study shines as a beacon of unrivaled wisdom, guiding businesses to strategic brilliance. Our study, crafted with accuracy and predicated on thorough data analysis, doesn't just ski
Read more