Shopping Application Market Size is expected to reach USD 2.17 billion by 2028

 Shopping Application Industry Overview

The global shopping application market size was valued at USD 868.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 14.0% from 2022 to 2028. The market growth can be credited to the rising demand for eco-friendly handmade products in Asia Pacific. The growing demand for AI-based shopping apps in the U.S. is propelling the market growth. Moreover, the ease of shipment, along with cost-effective aftermarket service across the globe, is anticipated to refuel the market growth.

 

A surge in the adoption of digital portals in Europe, coupled with the rising demand for premium desire products, is propelling the market growth. However, high-priced products with lower quality are hindering the market growth. At present, key players are focusing to adopt multiple access enabled shopping apps. Hence, the market for shopping apps is expected to witness significant growth during the forecast period.

 

Gather more insights about the market drivers, restrains and growth of the Global Shopping Application Market

 

The national lockdown was enforced across the globe owing to the outbreak of coronavirus. The global supply chain network of the offline industry slowed down due to the strict regulations implemented across the globe. Smoother in-app purchasing service and the rapid shift of consumers toward e-business apps offered a dramatic boost for shopping apps. The market had gained traction during the pandemic era owing to the rising demand for Google analytics app services. The growing demand to eliminate the operating cost from the suppliers of India is helping to boost the revenue. 

 

The growing investment from Lazada to provide AI-based search filters to judge the category, brand, and price of the product is propelling the market growth. Rapidly growing demand for the best discount deal shopping apps across the globe is bolstering the market growth. These apps are majorly used to provide push notifications to know about the latest deals, arrivals, and exclusive offers. The integration of e-mail marketing in the U.S. is set to drive the market.

 

Automatic app backup, responsive design, and tracking code integration offered by the key players are propelling the market growth. The rising concerns over promotion management campaigning across the globe are refueling the market growth. The key players of the market are providing compatible dashboard tools for the shopping apps with the help of android and iOS-based platforms. The support of social networking platforms and live chat features will refuel the market growth.

 

Browse through Grand View Research's Communication Services Industry Research Reports

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Key Companies Profile

Some prominent players in the global shopping application market include: 

  • LimeRoad
  • Lazada
  • Tvisha Technologies
  • ZALORA
  • eBay
  • Gearbest
  • Tata Cliq
  • Etsy
  • Koovs
  • AJIO

 

Order a free sample PDF of Shopping Application Market Intelligence Study, published by Grand View Research.

 

 

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