Mobile Engagement Market Size, Share, Growth and Industry Analysis by Type (SMS & MMS, Push Notification, In-App Messaging, And, E-Mail) By Application (Financial Services, Communication, Retail, Medical, Education, And, Other) Regional Forecast To 2031

Updated On: 08 April 2024

MOBILE ENGAGMENT MARKET REPORT OVERVIEW

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The global mobile engagement market size is expected to be worth 3836.3 million in 2019. As per our research, the market is projected to touch USD 140693.48 million by 2031, with a CAGR of 34.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Mobile engagement refers to the interaction and connection between individuals and their mobile devices. It encompasses various activities, including social media interactions, app usage, notifications, and mobile marketing. With the widespread adoption of smartphones, mobile engagement has become integral to modern life. It empowers businesses and organizations to reach their target audiences more effectively, offering personalized content and experiences. Mobile apps, social platforms, and messaging services enhance user engagement, while location-based services deliver relevant information.

However, managing privacy and preventing information overload are challenges in this space. Successful mobile engagement strategies strike a balance between meaningful content delivery and user preferences, ensuring a positive digital experience. All these factors have resulted in the growth and development of the mobile engagement market share.

COVID-19 impact: Increased Usage of Social Media During Pandemic Increased Market Growth

The COVID-19 pandemic dramatically altered mobile engagement patterns. With lockdowns and social distancing measures in place, people turned to their mobile devices for work, communication, and entertainment. Remote work and virtual meetings surged, driving a higher demand for productivity and collaboration apps.

 Social media, video streaming, and gaming apps saw increased usage as people sought entertainment and connection. Furthermore, mobile shopping and contactless payments gained popularity due to safety concerns. COVID-19 emphasized the importance of mobile engagement for staying connected and informed in a socially distanced world, accelerating digital transformation across various industries and shaping new norms for mobile-driven lifestyles.

LATEST TRENDS

"Advancement in Augmented Reality and Virtual Reality to Fuel Market Growth"

Recent innovations in mobile engagement have transformed the way individuals interact with their devices. One notable advancement is augmented reality (AR) and virtual reality (VR) integration, which enhances user experiences by merging the physical and digital worlds. This technology is leveraged in gaming, marketing, and educational apps.

 Additionally, the rise of chatbots and conversational AI has revolutionized customer service, offering instant responses and personalized interactions. Moreover, 5G technology has significantly improved mobile connectivity, enabling faster data transfer and lower latency, paving the way for high-quality streaming, cloud gaming, and immersive VR experiences. These innovations are reshaping the landscape of mobile engagement, offering more dynamic and interactive possibilities.

MOBILE ENGAGMENT MARKET SEGMENTATION

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By Type:

The market can be divided on the basis of type into the following segments:

SMS & MMS, push notification, in-app messaging, and, e-mail.

The SMS & MMS segment is anticipated to dominate the market during the forecast period.

By Application:

Classification based on application into the following segment:

Financial services, communication, retail, medical, education, and, other.

The financial services segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Widespread Availability and Affordability of Smartphones to Accelerate Market Growth"

Several driving factors fuel the continuous growth of mobile engagement. First, the widespread availability and affordability of smartphones ensure a broad user base. Second, the proliferation of high-speed mobile networks, like 4G and 5G, enables seamless connectivity. The app ecosystem, offering an array of social, gaming, and productivity tools, encourages user engagement.

Additionally, the personalization of content and notifications caters to individual preferences, making mobile experiences more engaging. The COVID-19 pandemic has accelerated the shift toward mobile work and remote learning, further boosting mobile engagement. These factors collectively propel the ongoing evolution of mobile engagement, shaping our digital interactions and experiences.

"Advancements in Mobile Hardware and Multimedia to Propel Market Growth "

Beyond the mentioned factors, other key drivers of mobile engagement include the gamification of apps and content, which motivates users through rewards and interactive challenges. Social media's influence remains strong, fostering user-generated content and real-time interactions. E-commerce and mobile payments drive convenience and impulsive purchasing, further engaging users.

Additionally, advancements in mobile hardware, such as larger, higher-resolution screens and improved cameras, enhance multimedia experiences. Location-based services deliver relevant content and offers, increasing engagement. Lastly, the increasing integration of AI and machine learning technologies tailors’ mobile experiences, making them smarter and more personalized, driving sustained user involvement in the mobile ecosystem. All of these factors are driving and positively impacting the mobile engagement market growth.

RESTRAINING FACTOR

"Information Overload Caused by Excessive Notifications to Decrease Market Growth"

Several restraining factors can impede mobile engagement. Information overload, caused by excessive notifications and app alerts, can lead to user fatigue and disengagement. Privacy concerns regarding data collection and sharing can erode trust and hinder engagement. Limited network coverage or connectivity issues in remote areas can disrupt user experiences. App saturation and competition for user attention can lead to app fatigue, where users avoid downloading more apps. Finally, security risks and cyber threats can deter users from engaging with mobile apps and services. Striking a balance between convenience and user privacy, managing app notifications, and addressing these issues are vital for sustaining healthy mobile engagement. All of these are the latest trends in the market.

MOBILE ENGAGMENT MARKET Regional Insights

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"North America to Dominate Market Due to Well Developed Digital Infrastructure "

North America stands as a leading region in mobile engagement. The U.S. and Canada have well-developed digital infrastructure and high smartphone penetration rates. Silicon Valley, in particular, fuels innovation with tech giants continuously driving mobile advancements. The region fosters a thriving ecosystem for app development, social media, and mobile marketing.

In addition, North Americans exhibit a high level of mobile app adoption and engagement, utilizing smartphones for various aspects of daily life, from communication to e-commerce. Strong purchasing power and a tech-savvy population further contribute to North America's prominent position in the realm of mobile engagement.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• IBM (U.S.)
• SALESFORCE (U.S.)
• ORACLE (U.S.)
• ADOBE (U.S.)
• VIBES (U.S.)
• SELLIGENT (France)
• URBAN AIRSHIP (U.S.)
• APPBOY (U.S.)
• LOCALYTICS (U.S.)
• ADOBE (U.S.)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. A list of the top industry players has also been listed to provide a better understanding of the market situation.