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. ...