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Advanced Mobile UX Design Services Market Analysis by Service (Streaming, Web Browsing, VoIP, Micro-Blog, and Others); by Product (Online Service, and Offline Service); and by Application (Large Enterprises, and SMEs) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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  • DXC Technology Company has announced a strategic initiative with Micro Focus, a leading software provider, to enhance mainframe estates by providing mainframe modernization and migration strategies.

Global Advanced Mobile UX Design Services Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Advanced-Mobile-UX-Design-Services-Market-Analysis

The global advanced mobile UX design services market is estimated to garner a revenue of ~USD 2 Billion by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market generated a notable revenue in the year 2021. The growth of the market is primarily attributed to the globally rise in smart phone penetration. For instance, by 2022, there are expected to be 6.725 billion smartphone users worldwide, representing 84% of the world's total population.

Advanced-Mobile-UX-Design-Services-Market-Demand

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As the name implies, advanced mobile UX designs are those that create user interfaces for wearable and handheld mobile devices. The service provider of these UX designs focuses on improving the design's search ability, accessibility, and performance in order to maximize mobile device interactive experiences on the go. Currently, people are doing their almost all tasks i.e. shopping, banking, study via using various types of apps, where a smooth UX is means a lot. Growing use of apps, and a soaring trend of customization is fueling up the growth of the market in the forecast period. For instance, every day, approximately 3740 Android apps are added to the Play Store.

Global Advanced Mobile UX Design Services Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Penetration of Internet - For many years, the Internet has provided countless opportunities for individual fulfilment, professional development, and value creation. With the COVID-19 pandemic, it has become an absolute requirement for working, learning, acquiring basic services, and maintaining communication. So its rising penetration is expanding the enhancement in UX design of smartphones. For instance, presently, nearly 5 billion people have been using the internet worldwide, representing for 64% of the global population.
  • Growing Prevalence of Digital Banking - With an increasing use of digital transformation actions taken by banks following destruction caused by the Covid-19 pandemic, the number of users opting for digital banking has increased significantly. As a result, banks are striving to effectively incorporate their diverse offerings into a single, consistent digital experience by using better UX design in their mobile banking apps in order to keep up with diversified competition. For instance, currently, around 2.7 billion people have been using digital banking services worldwide. By 2026, nearly 54% of the world's population is estimated to use digital banking services.
  • Rise in Mobile Gaming - In the first quarter of 2021, about 14 billion mobile games were downloaded.
  • Upsurge in Social Media Browsing - Over the last year, social media users increased by 226 million, reaching 4.72 billion by the beginning of July 2022. From July 2021 to July 2022, the global social media user base accelerated by more than 6%, with the most recent global total now surpassing 60% of the total population of the world.
  • Massive Increase in Mobile Video and Music Streaming - A whopping 86% of US residents have at least one paid music streaming subscription, and 61% have at least one paid video streaming subscription.

Challenges

  • Decreased Loading Speed of Pages
  • Risk of Malware in Mobile UX Design
  • Data Security and Cybercrime Threat

The global advanced mobile UX design services market is segmented and analyzed for demand and supply by service into streaming, web browsing, VoIP, micro-blog, and others. Out of these, the streaming segment is anticipated to grow at a significant rate over the forecast period owing to the increasing trend of on-demand video and on-demand music among people, growing number of subscribers of streaming services, surge in online conferences, and video call. For instance, live video is estimated to account for approximately 81% of internet usage by the end of 2022. Moreover, in 2020, live stream watch time increased by 251%. Furthermore, by the end of 2021, Netflix had around 224 million subscribers, an expansion of 17 million from the year 2019.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Research-and-Development-Expenditure

Regionally, the global advanced mobile UX design services market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2031 backed by the technological advancements, growing penetration of 4G LTE broadcasting and the rise in 5G technology in the region. For instance, in the United States at the end of 2019, there were around 1 million 5G service subscriptions. This figure is expected to rise to nearly 169 million by 2024.

Advanced-Mobile-UX-Design-Services-Market-Future

The global advanced mobile UX design services market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global advanced mobile UX design services market includes the following segments:

By Service

  • Streaming
  • Web Browsing
  • VoIP
  • Micro-Blog
  • Others

By Product

  • Online Service
  • Offline Service

By Application

  • Large Enterprises
  • SMEs

Top Featured Companies Dominating the Global Advanced Mobile UX Design Services Market

  • Infosys Limited

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Mindtree Limited
  • UX studio Zrt.
  • DXC Technology Company
  • Wipro Designit Services, Inc.
  • Imaginovation, LLC
  • Athmin Technologies
  • Despark Electronics LLP
  • Brainvire Infotech Inc.
  • Hedgehog lab Limited

 

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