Projections for Mobile Application Market Growth Published
Research firm iSuppli (IHS) has released their projections for growth in the mobile application space, and the numbers are impressive. They predict that Apple will command over 75% of the total market, while overall revenue of the four major application stores (run by Apple, Google, Nokia, and Palm, respectively) will jump 77% to 3.8 billion in 2011.
“With consumers continuing to show robust, unflagging interest in downloading games and other applications to devices like smart phones and tablets, collective revenues from the four stores will climb sharply this year,” said Jack Kent, analyst, mobile media, for IHS.
Perhaps more impressive than any individual company’s share, is the total amount of downloads projected. IHS estimates that the total number of applications downloaded will jump from 9.5 billion in 2010 to 18.1 billion in 2011, and by 2014 the number is estimated to be 33billion.
What does this mean for our clients?
Clearly, the market for mobile applications is growing at an enormous rate. Of course, projections are just that – projections. Even accounting for some margin of error, however, there is clearly still a great appetite by consumers for mobile applications.
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