15 Most Valuable App Companies
In this article, we will take a look at the
15 Most Valuable App Companies. You can skip our detailed analysis of the app industry and trends and head to the
The mobile app industry animates the smartphone revolution that is currently unfolding worldwide. Apps is what makes our smartphones smart. They are the software which power the over 3.5 billion smartphones in the world. Billions of people use mobile apps for entertainment, time and money management, video streaming, education, chat, fitness and just about everything you can imagine. Name a thing and I’d tell you: there’s an app for that!. According to a market analysis report published by Grand View Research, the global mobile application market was valued at $154 billion in 2019, with a compound annual growth rate (CAGR) of 11.5% expected through 2027. This is due to the continuously rising demand for smartphones which leads to an increase in data usage and internet penetration.
5 Most Valuable App Companies
In this article, we are going to list the
5 Most Valuable App Companies. To read our detailed analysis of the app industry and trends, please go to the
Market cap: $777 billion
Chinese internet company Tencent ranks 5th on the list of the 15 most valuable apps. Tencent is behind instant messengers WeChat and QQ. The company also owns approximately 80% of video game publisher Supercell with video game hits including “Clash Royale”, “Clash of Clans”, and “League of Legends.” On top of that, Tencent has a $259 billion investment in Chinese and international startups in fast-growing industries including electric cars, gaming, entertainment, and social media as of March 2021.