Trending

Filed under: News | Mobile Phones

 

App Industry Soon To Eclipse $17 Billion

Mar 17 2010, 6:02pm CDT | by

App Industry Soon To Eclipse $17 Billion
 
Buy iPod Touch from Amazon Cyber Monday and Black Friday Now
 

A $17 billion industry? Yeah, there's an app for that.

A new report suggests that in 2 short years, the market of mobile phone apps will explode into an industry that generates $17.5 billion in revenue, and it's going to climb at an exponential rate.

Mobile app provider GetJar released an analysis of the market that said it expects mobile downloads to go from 7 billion in 2009 to over 50 billion in 2012. And that $17.5 billion figure they're predicting? That number was only $4 billion last year.

"The global market for wireless applications will soon be worth more than the market for traditional music," said GetJar marketing head Patrick Mork. "That's pretty significant when you think the market barely existed a couple of years ago."

The first to really revolutionize the idea of mobile apps, previously a non-user-friendly tech-head niche market, into something of common parlance was Apple. The iPhone App Store singlehandedly turned around the way mobile apps were approached.

Other platforms followed suit, like the Android Market and a streamlined platform for Palm and Symbian, and now it's just a matter of time before the explosion of apps happens.

Via Cnet

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
Based in New York City, Mark follows the consumer electronics industry like a hawk. A published book author, he has a particular affinity for 3D technology and video games, and as such will surely be in the market for a new pair of glasses soon. Mark can be contacted directly at mark@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

Hilary Swank Saves Tommy Lee Jones’ Life in The Homesman
Hilary Swank Saves Life and Honored by Petco Foundation
The famous actress Hilary Swank gets to save the life of Tommy Lee Jones in the latest film The Homesman. And a sneak peek has already been given into the plot of the movie.
 
 
Hot Paulina Gretzky Golf Digest Cover Shoot Video Released
Hot Paulina Gretzky Golf Digest Cover Shoot Video Released
Paulina Gretzky is on the cover Paulina Gretzky of the May issue of Golf Digest. Her sexy cover caused an uproar in the golf scene. Now Golf Digest follows up with the release of a behind the scenes video from the sexy photo shoot. Watch it below.
 
 
4K TV Line-Up Now Available for Pre-Sale by Sony
4K TV Line-Up Now Available for Pre-Sale by Sony
Sony Electronics now offers its new BRAVIA 4K Ultra HD TV line-up for pre-sale at starting price of $2,099. Sony's three new 4K TV series and total of nine models will hit market in June 2014. Sony also offers 4K Media Player and 4K Content options with its 4K TVs that gives users a complete 4K Ultra HD home entertainment experience.
 
 
Equinix Is Productizing Flash Trading Computing Architecture
Equinix Is Productizing Flash Trading Computing Architecture
In his new book, Flash Boys, Michael Lewis directs his gleeful analytic spotlight on flash trading. True to form, Lewis tells a heroic story, in this case about how a team from Royal Bank of Canada found a defense for...
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013

 

Viral Stories the Web