Super Apps Market Outlook, Growth Factors, Industry Share, and Size By 2032
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Super Apps Market
Outlook, Growth Factors, Industry Share, Size By 2032 In recent years, the world has witnessed a rapid shift towards digitization and adoption of advanced technology, subsequently increasing the proliferation of smartphones worldwide, thereby boosting the global super apps market. Moreover, integrating super apps with AI and ML technology to enhance their functions and efficiency is estimated to create opportunities for market growth. Super apps are multifunctional platforms that integrate various services within a single application, from messaging and social networking to e-commerce, finance, and more. Originating in Asia, they offer convenience by allowing users to access various services without switching between multiple apps. Super apps often leverage user data and advanced algorithms to provide personalized experiences and targeted services.
According to Straits Research, the global super apps market size was valued at USD 75.28 billion in 2023. It is estimated to reach USD 658.56 billion by 2032, growing at a CAGR of 27.25% during the forecast period (2024–2032).
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Super Apps Market $658.56
CAGR 27.25%
USD Billion
$75.28
USD Billion
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2023
2032
Super Apps Market Main Market Players Covered in This Report: ü WeChat (Tencent) ü Paytm ü Gojek tech (goto) ü PhonePe (Flipkart.com) ü Tata Neu (Tata Sons Private Limited)
A Summary of the Impact of COVID19 on this Market: The appearance of COVID-19 has transported the globe to a halt. We understand that this health disaster has brought an unprecedented impact on businesses across industries. However, this too shall pass. Growing support from governments
ü Grab
and various companies can benefit in the fight
ü Revolut Ltd
against this highly transmissible disease. There
ü LINE Corporation ü Alipay (Ant Group CO., Ltd.) ü Rappi Inc.
are some businesses that are struggling and some are thriving. General, almost every sector is anticipated to be stuck by the pandemic
Super Apps Market The Super Apps Market has been segmented as below: ü By Device •
Smartphone
•
Tablets
ü By Applications •
Financial Services
•
Transportation and Logistics Services
•
E-commerce
•
Social Media and Messaging
We are taking nonstop efforts to help your business sustain and cultivate during COVID-19 pandemics. Based on our knowledge and expertise, we will provide you an impact analysis of coronavirus outbreaks across businesses to help you prepare for the future. Thanks for reading this article; you can also get distinct chapter-wise sections or region-wise report versions like Asia, US, Europe, Africa, etc.
About Straits Research StraitsResearch.com is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.
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