Super Apps Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application (B2B, B2C),By Business Model (Subscription Based, Commission, Advertisement), By Device (Smartphone, Tablet), By Service (Messaging, Invoice Payments & E-Wallet, Public Transportation & Travel Bookings, E-commerce, Food Delivery, Insurance Services, E-government Services, Others),

The Global Super Apps Market

A super app is a mobile app that combines apps that help to simplify everyday tasks. It addresses every need of a user in one place. Super App also reduces the requirement to download numerous applications to carry out diverse duties. Simple social networking, online shopping, and banking are few examples of super apps.

Rising Adaption of Online Financial Services

Super Apps Market Trend

About 8.2 billion people globally now use smartphones which is growing at 10% annually

Super applications had significant government support in China because the country's leadership was keen to develop methods to interact digitally with its 1.5 billion inhabitants. For instance, the WeChat super app has a good possibility of replacing the conventional ID paperwork. Additionally, the WeChat and Alipay super apps provide access to hundreds of public services.

High Risk of Cyber Attack

With the access to so many banking services in one app, rise in cyber crime is hindering the market growth. Once users install such an open system, they have access to a sizable amount of client data along with other resources like cash and confidential information. This is a reason for businesses to make sure that their super applications maintain a seamless and fraud-free user experience while being secure against dangers like man-in-the-middle attacks. All these factors are hindering the growth in the market.

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Market Segmentation

Global

Market player

Recent Development

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