Utility App Market size is expected to reach USD 7.8 billion by 2028

 Utility App Industry Overview

The global utility app market size was valued at USD 4.7 billion in 2021 and is expected to expand at a compound annual growth (CAGR) of 7.5% from 2022 to 2028.

 

Enterprises operating in various industry verticals are adopting digital technology and digital business strategies to improve their business operations. With increasing digitalization, the importance of utility apps is increasing mainly for its convenience and business applications. Utility app offers the detection of hidden threats such as spyware and malware and blocking the wrongly behaving apps, tracking of current and past network activity. Utility apps offers wide solutions that add value, ensures effective operations, and enhances productivity of iPhone and Android applications.

 

The remarkable surge in Internet penetration and subsequent data demand, particularly in developing nations like India, China, and Brazil is expected to make constructive market growth. The Internet has become the major mode of communication for a variety of devices during the last decade, including tablets, smartphones, and laptops, among others. Due to the rise of the e-commerce business, product assortment, and numerous discounts and offers accessible exclusively on e-platforms, the number of mobile app purchasers has increased in recent years. Another reason for speeding up utility app downloads across all platforms is the availability of low-cost data plans from telecom carriers, which lowers the cost of mobile internet and draws a larger number of consumers online.

 

Gather more insights about the market drivers, restrains and growth of the Global Utility App Market

 

The global market is projected to be hampered by a lack of high-speed internet connectivity in underdeveloped and developing countries, as well as business uncertainty development and integration of software applications. Furthermore, increased investment in smart technologies and the adoption of the Internet of Things (IoT) and connected devices are likely to generate significant growth opportunities for the market players throughout the forecast period.

 

With changing role of smartphones, these devices are used to play games, surf the internet, or browse social accounts. Moreover, devices also have functionalities such as flashlight, calendar, calculator, and many more. Utility apps leverage these functionalities to enable several personal as well as business activities such as measurements, reminders, notepads, spreadsheets, and calendars for diverse uses. Utility apps are mobile apps that run on Apple iOS and Android platforms and focus more on designing and integrating applications to make operations easier and enhance productivity. Utility app offers solutions for facilitating day-to-day activities. These apps transform a mobile phone into a multidimensional device with iPhone and Android applications. Utility solutions are enriched with features such as flashlight usage, camera integration, watch integration, alarm integration, calendar integration, wireless control, smart security, and synchronized uploads.

 

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

  • Communication Platform As A Service Market: The global communication platform as a service market size was valued at USD 8.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 31.1% from 2022 to 2030.
  • Telecom API Market: The global telecom API market was valued at USD 185.11 billion in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 21.3% from 2023 to 2030.

 

Key Companies Profile

Some prominent players in the global utility app market include:

  • Acer Inc.
  • Apple Inc.
  • Microsoft Corporation
  • Mobibiz
  • Magneto IT Solutions
  • LogMeIn, Inc
  • Glasswire Inc
  • NeatBytes
  • Proton Technologies AG
  • MiXplorer

 

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

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