Study: Mobile Apps To Be Worth $17.5B

Lots of companies make lots of forecasts about lots of things, and it stands to reason that they can’t all be correct.  A new prediction concerning the market for mobile apps is something developers should hope comes true, though, as it suggests $17.5 billion will soon be floating around.

You know how banks’ interest rates are quite low right now (and unfortunately, the government appears to have no plans to raise them)?  Well, GetJar doesn’t believe that problem applies to mobile growth.  It announced on the GetJar Developer Blog, “The overall mobile apps downloads are expected to increase from over 7 billion in 2009 to almost 50 billion by 2012 growing at the rate of 92% CAGR.”

Then here’s the payoff: “The revenue from mobile apps which includes both paid downloads and revenue from advertising and virtual goods is expected to increase from $4.1 billion in 2009 to $17.5 billion by 2012 at the rate of 62% CAGR.”

Next year should be a very good time to be a mobile app developer if this calculation proves accurate.

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Categorized as Mobile Tagged

By Doug Caverly

Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

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