The bill splitting apps market is expected to grow by USD 165.71 million, progressing at a CAGR of over 8% during the forecast period.
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Technavio has announced its latest market research report titled Global Bill Splitting Apps Market 2020-2024 (Graphic: Business Wire)
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The growing penetration of smartphones is one of the major factors propelling market growth. However, factors such as costs associated with bill splitting app development and operation will hamper market growth.
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Bill Splitting Apps Market: Platform Landscape
Based on the platform, the android segment saw maximum growth in 2019. Factors such as the growing penetration of smartphones will offer immense growth opportunities. The growth of the segment will be significant during the forecast period.
Bill Splitting Apps Market: Geographic Landscape
By geography, APAC is going to witness lucrative growth during the forecast period. About 46% of the market’s overall growth is expected to originate from APAC. China, India, and Japan are the key markets for Bill Splitting Apps in APAC.
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Companies Covered:
- Groupee Pty Ltd
- GroupMe Inc.
- Locatable Ltd.
- paerpay Inc.
- PayPal Holdings Inc.
- Splid
- Splitwise Inc.
- Step Up Labs Inc.
- Thumbworks Technologies Pvt. Ltd.
- Tricount
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Platform
- Market segments
- Comparison by Platform
- Android – Market size and forecast 2019-2024
- iOS – Market size and forecast 2019-2024
- Market opportunity by Platform
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Groupee Pty Ltd.
- GroupMe Inc.
- Locatable Ltd.
- paerpay Inc.
- PayPal Holdings Inc.
- Splid
- Splitwise Inc.
- Step Up Labs Inc.
- Thumbworks Technologies Pvt. Ltd.
- Tricount
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses 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 counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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