Instant Messaging App Market Size, Share, Growth, and Industry Analysis, By Type (Mobile Version, Desktop Version, Web Version), By Application (Personal, Enterprise and Others), Regional Forecast To 2032

Updated On: 08 April 2024

Instant Messaging App Market REPORT OVERVIEW

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The global instant messaging app market size was USD 24210 million in 2022 and market is projected to touch USD 58843 million by 2032, exhibiting a CAGR of 9.3% during the forecast period.

Real-time text communication via the Internet or another computer network is made possible by the instant messaging App technology. When each user inputs text and causes a transmission to the recipient(s), who are all linked on a same network, a message is often delivered between two or more parties. Conversations over instant messaging happen in real-time, which sets it apart from email (hence "instant"). The majority of contemporary instant messaging programmes (also known as "social messengers," "messaging apps," or "chat apps") use push technology and also include features like emojis (or graphical smileys), file sharing, chatbots, voice over IP, or video chat capabilities.

COVID-19 Impact: Lockdown Multiplied the Users and Escalated the Market Growth

The COVID-19 outbreak had a very optimistic effect on the instant messaging app market share. The pandemic gave rise to the unfavourable circumstances for people to stopover at home but the instant messaging services got immensely benefited by the circumstances and created a favourable environment for people at their own home, by entertaining them and making them feel good and relaxing chatting and connecting with their loved ones and many other people they were not able to meet due to emergence of lockdown. Henceforth the COVID-19 turned out to be a major breakthrough in the instant messaging app market growth.

LATEST TRENDS

"The Usage of Application in Corporate Arena to Expand the Market"

In response to the growing need for business-grade instant messaging apps, as well as the requirement to ensure security and legal compliance, Lotus Software developed IBM Lotus Same-time in 1998, introducing a new type of instant messaging known as "Enterprise Instant Messaging" ("EIM"). Microsoft quickly followed suit with Microsoft Exchange Instant Messaging. Later, the company developed a new system called Microsoft Office Live Communications Server, and in October 2007 it released Office Communications Server 2007. With its unified collaboration software Oracle Beehive, Oracle Corporation also entered the market. In order to give employees access to both their internal EIM system and their connections on AOL, MSN, and Yahoo through a single interface, both IBM Lotus and Microsoft have introduced federation between their EIM systems and some of the public IM networks.

Instant Messaging App Market SEGMENTATION

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• By Type

Based on type, the instant messaging app market is classified into mobile version, desktop version, web version. Mobile version type is the leading part of the type segment.

• By Application

Based on application, the instant messaging app market is classified into personal , enterprise and others.  Personal is the leading part of the application segment.

RESTRAINING FACTORS

"Certain Threats and  Hackers Masterminds Inherited With Utilization of the Application to Repel the Market"

From 2004 to the present, crackers (malicious or black hat hackers) have routinely exploited IM networks as delivery vectors for phishing efforts, drive-by URLs, and virus-filled file attachments, with over 1100 unique incidents recorded by the IM Security Center between 2004 and 2007. Hackers use two techniques to spread malicious code via instant messaging: first, they embed malware such as viruses, Trojan horses, or spyware in infected files, and second, they use "socially engineered" text that contains a website address to lure the recipient into visiting the site and downloading malicious code.

Viruses, computer worms, and Trojan horses typically spread by spreading themselves quickly via the contact list of the afflicted individual. When messages purporting to be from trustworthy friends arrive in each user's contact list, an efficient attack using a poisoned URL may quickly reach tens of thousands of users. The cycle repeats again when the receivers click on the website address. Each year, infections get more complex and can range from being a nuisance to being criminal.

DRIVING FACTORS

"The Inclination towards the use of electronic devices will boost the market"

The world is running on the digital trend and it is most evident for the population to own smartphones, Laptops, Computers, I-pods, Tablets and many other electronics devices prevailing in the digitized market. The smartphone plays a major role in providing and integrating more features into a single device for the purpose of communication, entertainment, connecting with people and many other benefits. Nowadays, communication and social networking mainly occur by accessing smartphones services.With the emerging trend and utilization of the e-devices people will tend to connect with the instant messaging app and the correspondence can positively escalate the instant messaging app market  share.

"High Speed Internet services and Bandwidth Expansions will strengthen the market  "

The internet is playing the role of king in almost all activities. The instant messaging is a type of online chat that offers real-time text transmission with the use of internet. Without doubt, instant messaging app contents people with its powerful real-time messaging transmission, so people can communicate with their families, friends and colleagues anytime and anywhere as long as being connected to internet. Therefore internet being the integral part with its wider range and high speed connectivity can significantly benefit the instant messaging app market growth.

Instant Messaging App Market REGIONAL INSIGHTS

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"North American Region to Lead Market with Potential Manufacturers and Technological Developments"

Major global players of instant messaging apps which include the top 3 major industry players account for about the major market share. North American region is the largest market with the presence of technological development in the electronics and the network sector. The characteristic determinants driving the market are the 24*7 availability of wireless network with strong network and unlimited access. The extensive use of electronic devices by almost every age group contribute in the growth of instant messaging app  market share.

KEY INDUSTRY PLAYERS

"Notable Players to contribute towards the market growth"

The top notch players of the market share are implementing and applying varied front end and back end strategies  to exceed and expand their empire.

List of Market Players Profiled

• Facebook (U.S.A)
• Apple (U.S.A)
• Google (U.S.A)
• Telegram (India)
• Microsoft (U.S.A)
• Cisco (U.S.A)
• IBM (U.S.A)
• Tencent (China)
• Alibaba (China).

REPORT COVERAGE

The report covers the information on the advancement outlooks with new inventions and SWOT analysis.The market elements situation, with the development areas of the market in the upcoming years. Market segmentation information including the subjective and quantitative research including the effect of financial and strategy viewpoints are discussed in the report. The report also disseminates the information on the regional and nation level assessment incorporating the demand and supply dominators that are affecting the development of the market. The competitive landscape including market share of major players, along with the new research methodologies and strategies adopted by players for the  forecasted period is listed in the report.