The North America Super Apps Market would witness market growth of 25.1% CAGR during the forecast period (2022-2028).
Due to increased health consciousness, wearable devices are becoming increasingly popular, particularly among the younger generation. Wearable technology is lightweight and user-friendly. In addition, they are compatible with mobile devices. As a result, the mobile industry is introducing smartwatches that are compatible with super apps. Enhanced interconnectivity in distant interaction and communication between businesses and customers is possible.
This is because of the rise of the internet and mobile technology. The effectiveness and accessibility of direct distribution channels via mobile and telephones have been enhanced by technology. These factors fuel the expansion of the market for super apps. There is a significant proportion of mobile subscriptions that are steadily increasing. The majority of financial services can now be delivered directly and digitally, expanding the availability of these services.
Massive networks have been established to provide mobile networks or subscriptions offered by telecom companies, particularly in several emerging markets and developing countries. The emergence of popular applications and services such as search, social media, and social communication has enabled peer-to-peer contact. Also, these are used more and more in business transactions. Because of this, the companies that offer these services are now in a better position in the market. As a result, there is more demand for super apps, which helps the market grow.
The US retail environment has seen a considerable change due to e-commerce. The main factor driving e-commerce growth is the increase in app-based sales. In addition, mobile e-commerce has also provided new avenues for purchasing products and services. In the US internet retail sector, these changes have led to the emergence of new economic behemoths. Furthermore, domestic internet behemoths like eBay and Amazon have embraced contactless payments. These elements are anticipated to present growth opportunities for the market participants.
The US market dominated the North America Super Apps Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $44,115 Million by 2028. The Canada market is poised to grow at a CAGR of 27.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 26.8% during (2022 - 2028).
Based on End-user, the market is segmented into Businesses and Consumers. Based on Platform, the market is segmented into Android, iOS and Others. Based on Device, the market is segmented into Smartphone, Tablets and Others. Based on Application, the market is segmented into Social Media & Messaging, Financial Services, E-commerce, Transportation & Logistics Services and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Super Apps Market is Projected to reach USD 240.7 Billion by 2028, at a CAGR of 26%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PhonePe Private Limited (Flipkart Private Limited) (Walmart, Inc.), One97 Communications Limited (Paytm Payments Services Limited), Kakao Corp., Tata Group (Tata Sons Private Limited), Ant Group (Alipay) (Alibaba Holding), Grab Holdings, Inc., LINE Corporation (Z Holdings Corporation) (SoftBank Group Corp.), Revolut Ltd., GoTo (Citrix Systems, Inc.) and Rappi, Inc.
By End-user
By Platform
By Device
By Application
By Country
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