Mobile app market expected to hit $17.5 billion by 2012
It seems that the market for mobile phone applications is going to do nothing but grow over the next few years.
According to a new study commissioned by mobile app store GetJar, more than 7 billion mobile applications were downloaded in 2009, but that number is expected to rise to as high as 50 million by 2012, resulting in a market valued around $17.5 billion USD annually. ”It is easy to see how mobile apps will eclipse the traditional desktop Internet,” GetJar chief executive Ilja Laurs said. ”It makes perfect sense that mobile devices will kill the desktop.”
The Apple iPhone App Store is the current market leader with over 150,000 applications, GetJar has over 65,000 applications for various mobile platforms and the Android Market for phones running Google’s Android operating system has just recently passed the 30,000 application mark. ”From highly interactive games that only used to run on consoles to simple news or weather look-up apps, there is practically an app for every scenario from bar exams to simulated libation consumption,” the report noted.
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