What is App development market size and future growth prospect?

The global app development market size is expected to reach USD 485.8 billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period.

North America is expected to hold the largest market size in the app development market due to the early adoption of new technologies, high availability of skilled labor, and presence of leading app development companies in the region. However, Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period due to the increasing number of smartphone and tablet users, and rising disposable incomes.

 
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