The market for smartphone apps could grow by eight times in three years

9th March, 2010 by adina
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According to a recent research2guidance estimate, in the next three years, the smartphone applications market could grow by more than eight times. Last year’s revenue has reached about $1.94 billion; by 2013, the market could grow over 807 percent, to almost $15.65 billion. The prediction has been based on a major push into smartphones around the world; analysts say that this could result in 970 million smartphones being in use by 2013. Researchers also claim that the audience is on the way of tripling this year, reaching about 300 million.

Application development has been growing extremely fast over the past two years, especially among the iPhone and Android platforms. iPhone seems to have over 150,000 applications, even if in July 2008, the company started with only 500. Even if Android has started later, with only 30 applications, it has grown since then to over 20,000 applications (in only a year and a half).

BlackBerry App World, the Palm App Catalog and Windows Marketplace have only had success for a short period of time. Despite this, Windows Marketplace may be “reborn”, thanks to Windows Phone 7’s incompatibility; this will most probably force the rewriting of the applications in order to support the new operating system.


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