According to a new market report published by Transparency Market Research, the global mobile accelerators market was valued at US$ 1,264.3 Mn in 2016 and is expected to expand at a CAGR of 28.6% from 2018 to 2026, reaching US$ 16,625.9 Mn by the end of the forecast period. According to the report, Asia Pacific was the largest contributor in terms of revenue to the mobile accelerators market in 2016. This is primarily due to strong adoption of smartphones and increasing usage of mobile applications among end-users across the region.
Increase in smartphone usage and increased internet accessibility in developing countries driving the global mobile accelerators market
Increase in smartphone usage and increased internet accessibility in developing countries are the major factors expected to fuel the growth of the mobile accelerators market across the globe. The rise in adoption of mobile applications has been driven by a significant increase in the usage of smartphones. Smartphones have enabled the new trend of content consumption via screens. They make a significant volume of applications available. Furthermore, mobile video usage continues to rise with the widespread use of tablets. The technologically improved devices have enriched user expectations regarding application performance in terms of speed, auto upgrade, etc. Thus, it is anticipated to create new demand for mobile accelerators among consumers. Apart from this,the mobile accelerator market is also being fueled by increasing accessibility of the internet in developing nations. Developing countries are receiving government support for the development of electronic infrastructure, which includes Internet connectivity. Thus, the use of mobile accelerators is expected to rise with an increase in the use of the Internet across the world.This in turn is expected to drive the mobile accelerators market during the forecast period.
Mobile Accelerators Market: Scope of the Report
The global market for mobile accelerators is segmented on the basis of component, app type, end-user, and geographic regions. On the basis of component, the market has been segmented into source optimization, network optimization, and client/device optimization. In 2017, source optimization segment accounted for the largest share in terms of revenue of the global mobile accelerators market. Furthermore, client/device optimization segment is expected to gain major market share throughout the forecast period. On the basis of app type, the global mobile accelerators market has been segmented into gaming, business, education, travel, entertainment, banking, health & fitness, e-commerce, social networking, and location based service app. In 2017, gaming segment accounted for the largest market share in terms of revenue of the global mobile accelerators market. Furthermore, e-commerce app type segment is expected to gain major market share throughout the forecast period. Based on end-user, the global mobile accelerators market has been categorized into content providers, service providers, and network infrastructure providers. Among them, network infrastructure providers segment is expected to expand at a higher compound annual growth rate during the forecast period. Service providers segment is expected to have moderate growth during the forecast period. However, content providers segment held major market share in 2017, and is estimated to dominate throughout the forecast period.