ABI Research says that the iPhone has sparked an explosion in consumer awareness of mobile phone applications. The raging success of the iTunes App store has spawned a glut of other mobile phone makers to launch their own app stores as well.
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ABI Research reports that a new mobile app architecture based on software that runs on a cloud-computing network will change the way apps are developed dramatically. Apps based on cloud computing could deliver revenues of $20 billion annual by the end of 2014.
Challenges to the cloud computing apps are many with the most notable being limited availability of networks. ABI says that new programming languages like HTML 5 will make that less of an issue though.
Via ABI Research