Tuesday, Apr 23 2024 | Time 22:20 Hrs(IST)
image
Business EconomyPosted at: Nov 18 2018 10:29AM


India is the second largest market for mobile application downloads. In 2017 users downloaded 58 billion out of 175 billion applications.
Mobile applications are segmented basis the marketplace -- Apple Store, Google Play Store and Windows and end user requirements like banking & finance, gaming, social networking, health and fitness, jobs, music, education, entertainment news and media, retail and travel, the study added.
The growing usage of mobile internet has created a new market for advertisers. Digital advertising spend is expected to reach 1.7 billion dollars this year at a CAGR of 30 per cent. Around 500 million new internet users may be added in India within the next five years, opening a new phase of development in the mobile industry.
India’s internet usage, the study said, is in a growth trajectory, and there are significant opportunities for growth of Mobile Apps in social networking, online shopping, mobile e-commerce and technology enabled applications segments.
Automated shopping is not too far away in India with 24-hour unmanned shopping experience using sophisticated Mobile Apps. Mobile apps will enable Internet of Things (IoT) taking Mobile App usage to greater heights. These advancements will attract more investment from companies, and spur a whole new generation of startups.
UNI SW SV 1028
Please log in to get detailed story.
Tags: #....
More News
Sensex ends in green; up 89 83 points

Sensex ends in green; up 89 83 points

23 Apr 2024 | 6:58 PM

Mumbai, April 23 (UNI) The stock market on Tuesday opened strong with 400 points up with all-round shopping but paired early gains towards end of the trading hour and closed at 73,738, about 90 points up from its previous close.

see more..

FHRAI seeks govt intervention to utilize increased FAR scheme for hotel industry expansion

23 Apr 2024 | 6:55 PM

New Delhi, Apr 23 (UNI) The apex association of hotels and restaurants FHRAI has approached the Government for resolution of long pending issue of not able to use the provision of increased Floor Area Ratio (FAR) saying this coming in the way to expanding the capacity and new hotel developments in Delhi.

see more..

23 Apr 2024 | 6:22 PM

New Delhi, Apr 23 (UNI) Telecom major Jio Infocomm, a wholly owned by Reliance Industries Limited, has increased its subscriber tally to 470.86 million at the end of December, 2023, up 8.76 per cent from its subscriber base of 432.92 million a year ago.

see more..

Kottayam-Kochi Rubber Market Rates

23 Apr 2024 | 6:11 PM

Kottayam, April 23 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..

Rupee marginally up 3 paise against USD

23 Apr 2024 | 4:37 PM

Mumbai, April 23 (UNI) The Rupee on Tuesday gained three paise to close at 83.34 against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image