Mobile Accelerator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021Posted by Statzy Market Research on May 14th, 2021 The mobile accelerator has transformed businesses and equipped them to adapt to the digital environment by vesting them with the power to modify their business applications at their will, without the need to acquire the skill sets of programming. - The mobile accelerator market is primarily driven by the increased need for enhanced customer experience, coupled with the cheap cost to retain a customer. - The challenge faced by the mobile accelerator market is that in order to generate revenue, the data is shared with the third party vendors, thus, putting the consumers’ data at risk. - Moreover, due to this increment in social media networking, the demand for social media applications have increased, marketers have started using social media for ads also, 32% of the budget is specifically for that only in 2018. Leading to the production of ads will increase the demand for social media applications which will hence drive the market in the forecast period. - Social networks such as Facebook, which have targeted users they are offering through paid solutions to businesses, wherein location, demographics, and end-device information of consumers are made available for businesses to reach out to the targeted section of consumers. As mobile accelerators enable that customization, without the need for expertise in those technologies, it has a broad scope in the segment. - Regulatory policies in the region, readily available inexpensive skilled labor is making lucrative not only for startups but also for major multinationals as they are heavily in the region across several industry verticals. - As almost every startup has mobile applications in its ecosystem, this can create a wide range of opportunities for the mobile accelerator market. - The increasing internet and smartphone penetration in the region can also be a major contributor to mobile accelerators. Like it? Share it!More by this author |