The mobile hot spots strategy has proven successful for the U.S. as the country’s smartphone market is expected to grow by an estimated 8% this year.
But a new study suggests mobile hot spot strategies can also be a valuable asset for companies that want to get in front of the most innovative and profitable ideas.
In the coming year, the research firm Strategy Analytics predicts that smartphone hot spot will be responsible for more than half of U.K. app sales in 2019, and it expects a similar share of U,S.
app revenue by 2020.
According to the report, hot spot apps will help companies stay ahead of the curve, especially in the mobile app ecosystem.
The strategy analytics firm predicts that mobile app sales will be around $15 billion in 2019.
The biggest growth drivers for the next five years will be mobile apps in emerging markets and the United States.
Strategy Analytics predicts a $2 billion market share gain in 2020.
“Hot spot is now a dominant driver of U’s app market and the Us’ overall app market share,” Strategy Analytics CEO David DeBoeuf told Fortune.
“It’s now clear that the next 10 years will see significant growth in mobile app revenue and market share.
Strategy Analytics expects mobile hotspot apps to account for an additional $2.5 billion in app sales and $5 billion of total app revenue in 2021.”
Strategy analytics expects that U.k. app growth will continue to grow, driven by a growth in new app launches, which will help the U to become a leader in the global mobile app market.
Strategy analytics says the next few years will also see the biggest growth in the U’s smartphone app market, as more people are going to choose smartphones as their primary mode of communication, according to Strategy Analytics.
“With over half of the US. population now using a smartphone, the smartphone market will become an even more valuable competitive market, and we expect U to remain the leading platform in this space,” said DeBieuf.
In 2019, U.s smartphone app sales are expected to be $4.3 billion, an increase of 14% from the previous year.
That will be a big gain for the company, but it also represents a decline of more than 9% from 2020.
Strategy analysts expect the U and U. Kingdom to account of roughly two-thirds of U app sales for 2020.
That is expected as more and more people use smartphones in their daily lives, said DeMause.
Strategic Analytics expects the next two years will have more revenue growth than last years, especially for the mobile hotSpot apps will also help the company get in early with new products and services, especially when it comes to apps that are not in the market yet.
“Mobile hot spot is expected by Strategy Analytics to be a key driver for U. k. apps, with over half (58%) of all U. s. app launches expected to come from mobile hot Spot apps in 2020,” said Strategy Analytics chief technology officer, Jason Leung.
Strategies analysts say that U and UK app growth is likely to continue to rise in the next couple of years.
“The growth of the mobile space is set to continue in the coming years, with the U U. and U Kingdom likely to account to over half, and over 70% of U and k. app app launches,” said Leung, adding that “this could lead to a much stronger overall U. biz in 2020 than it has in the past.”