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.
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.
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.
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.
The global advanced mobile UX design services market is further classified on the basis of region as follows:
Our in-depth analysis of the global advanced mobile UX design services market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing penetration of internet, growing prevalence of digital banking, rise in mobile gaming, and upsurge in social media browsing are some major factors driving the growth of the market.
The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022 – 2031.
Decreased loading speed of pages, risk of malware in mobile UX design, and data security and cybercrime threat are estimated to hamper the market growth.
The market in North America is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are Infosys Limited, Mindtree Limited, UX studio Zrt., DXC Technology Company, Wipro Designit Services, Inc., Imaginovation, LLC, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by service, product, application, and by region.
The streaming segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
Select License Type
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization