Segmentation by platform (Android and iOS) and geography (APAC, North America, Europe, South America and MEA) – Forecast to 2025 | Technavio

NEW YORK, January 26, 2022 / PRNewswire / – Den billing apps the market is divided into two categories based on platform (Android and iOS) and geography (APAC, North America, Europe, South Americaand MEA). The market share is expected to increase USD 203.43 million from 2020 to 2025, and the market’s growth momentum will speed up at a CAGR of 9.56%.

Attractive Opportunities in the Bill Splitting Apps Market by Platform and Geography – Forecast and Analysis 2021-2025

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Parental Market Analysis

Technavio categorizes the global billing apps market as part of the global application software market in the global information technology (IT) market. Factors such as increased analytics adoption in organizations, increased software investment from SMEs and the expansion of the use of cloud and subscription-based software will accelerate the growth of the worldwide application software market.

Technavio uses the total revenue generated by manufacturers to estimate the market size of the billed apps. External factors affecting the growth potential of the parent market in the coming years have been thoroughly examined in our research analysis to know more about the growth levels in the market for billing apps throughout the forecast period, Download a free sample.

Bill Splitting Apps Value chain analysis

Maximizing profit margins and evaluating business plans requires an end-to-end understanding of the billing apps market. The report will help suppliers increase costs and improve customer service during the forecast period.

To unlock vendor cost and customer service information, download our free sample report.

Supplier insight

The market for billing apps is fragmented, and suppliers implement various organic and inorganic growth strategies to compete in the market. To get the most out of the opportunity, market makers should focus more on the growth prospects of the fast-growing segment while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of suppliers operating in the market, including some of the suppliers such as Groupee Pty Ltd, Locatable Ltd., Microsoft Corp., paerpay Inc., PayPal Holdings Inc., Splid, Splitwise Inc., Thumbworks Technologies Pvt. Ltd. and Tricount.

Supported by competitive intelligence and benchmarking, our research reports on the billing app market are designed to provide access support, customer profile and M&A, as well as go-to-market strategy support.

Product insight and news

  • Groupee Pty Ltd.Offers instant pay sharing platform that allows people to group money to pay together.

  • Locatable Ltd. – Offers a billing app to share expenses equally between members of the house and friends.

  • PayPal Holdings Inc. Offers bill split feature to easily share costs between friends and family.

The app breakdown app market forecast report provides in-depth insight into key vendor profiles and offers Download free trial report

Geographical highlights

The growth in the APAC market share for app sharing will be significant during the forecast period. China, India, and Japan are the key markets for billing apps in APAC. Market growth in APAC will be faster than market growth in other regions.

The growing number of mobile phone subscribers in the region can be linked to people in APAC who have more discretionary income. This has resulted in increased smartphone adoption in APAC, especially in China and India, as well as increased investment in communications technology across the region, including telecommunications companies’ costs of building advanced mobile communications infrastructure.

In addition, the United States, China, India, Germany, and Japan is APAC’s largest manufacturers of the billing app market due to large customer base of smartphones in the region.

In order to unlock the best strategies practiced by the maximum growth-generating region, See sample report

Key market dynamics-

The growing use of smartphones worldwide has opened up new possibilities for billing apps. In APAC countries such as India, Vietnam, Phillipines, Sri Lanka, and Pakistan, the proliferation of cheap smartphones has led to significant demand. The widespread availability of affordable smartphones, as well as new advanced smartphone launches, will expand the potential user base for a variety of mobile apps, including expense management apps and billing apps.

Smart devices, especially smart watches, are becoming increasingly popular around the world. The growing popularity of smartwatches is driving mobile app developers to create applications that are compatible with smartwatches and allow data to be synced with smartphones. Expense management apps, especially billing apps, are expected to take advantage of such trends in the development of integrated applications that can share data across all smart devices.

Download a free sample for highlights on the market drivers and trends affecting bill splitting apps market.

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Bill Splitting Apps Market Scope

Report coverage

details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerates at a CAGR of 9.56%

Market growth 2021-2025

$ 203.43 million

Market structure

Fragmented

Annual growth (%)

5.45

Regional analysis

APAC, North America, Europe, South America and MEA

Execution of market contributions

APAC at 45%

Key consumer countries

USA, China, India, Germany and Japan

Competitive landscape

Leading companies, Competition strategies, Consumer involvement scope

Key companies profiled

ApTap Ltd., Bill.com Holdings Inc., Billr. me, bring10 LLC, DigiGround Pty Ltd., Easyshare Pty Ltd., Groupee Pty Ltd, Kittysplit UG, Locatable Ltd., Microsoft Corp., paerpay Inc., PayPal Holdings Inc., Splid, Splittr, Splitwise Inc., Square Inc. , Standy Software, Step Up Labs Inc., Thumbworks Technologies Pvt. Ltd. and Tricount

Market dynamics

Parental Market Analysis, Market Growth Inducers and Obstacles, Fast Growing and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Adaptation area

If our report has not included the data you are looking for, you can contact our analysts and get customized segments.

About us:

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides practical insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counters covering 800 technologies spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research and dynamic market insights to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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