Worldwide mobile apps revenues to surpass $35bn in 2014
Global mobile apps market is expected to grow as the number of downloaded apps is expected to increase from 10.9 billion worldwide in 2010 to 76.9 billion in 2014, according to a new study from market research firm IDC.
Worldwide app developers have introduced approximately 300,000 mobile apps in the past three years and mobile apps have been adopted from smartphone to media tablets.
IDC said that in 2011 and beyond, mobile apps will find their way into more devices, including connected TVs and, by extension, the connected home; increasing the number of mobile apps download to 76.9 billion in 2014 compared to 10.9 billion in 2010.
In addition, the study revealed that the worldwide mobile apps revenues will experience similar growth, surpassing $35bn in 2014.
According to IDC, one of the impacts of the growth and evolution of the mobile apps space over the past three years has been the ‘appification’ of broad categories of interactions and functions in both the physical and the digital worlds.
IDC mobile and wireless research vice president Scott Ellison said Mobile app developers will ‘appify’ just about every interaction user can think of in their physical and digital worlds.
"The extension of mobile apps to every aspect of our personal and business lives will be one of the hallmarks of the new decade with enormous opportunities for virtually every business sector."