Mobile apps market to exceed $35 billion

Mobile phone and tablet users will download over 75 billion apps by 2014, say analysts.

A mobile app

The worldwide market for mobile applications is set to exceed US$35 billion (22 billion) by 2014, according to a forecast from industry analysts IDC. Application downloads are expected to reach 76.9 billion a year, up from 10.9 billion a year today. The apps market is expected to grow at a compound annual rate of 60 per cent.

So far, application developers have written more than 300,000 apps for devices such as the iPhone and Android handsets. According to Scott Ellison, a vice president for research at IDC and one of the report's authors, one of the most interesting developments in the market is the wide range of programs being developed, and the number of topics they cover.

IDC identified applications ranging from recipe and cooking hints to software that turns a smart phone into a torch, through to enterprise applications including fleet management and payroll. "Mobile app developers will 'appify' just about every interaction you can think of in your physical and digital worlds," said Ellison.

IDC's predictions for the mobile apps market are significantly ahead of other analysts' estimates; research house Juniper, for example, said recently that it expected the annual market for apps to reach 25 billion by 2015.

Featured Resources

B2B under quarantine

Key B2C e-commerce features B2B need to adopt to survive

Download now

The top three IT pains of the new reality and how to solve them

Driving more resiliency with unified operations and service management

Download now

The five essentials from your endpoint security partner

Empower your MSP business to operate efficiently

Download now

How fashion retailers are redesigning their digital future

Fashion retail guide

Download now

Recommended

Patent shows Apple is working on improving iPhone’s AR capabilities
augmented reality (AR)

Patent shows Apple is working on improving iPhone’s AR capabilities

22 Jun 2021
How to turn off battery throttling on an iPhone
battery life

How to turn off battery throttling on an iPhone

18 Jun 2021
iPhone 12 mini review: Mini phone, major fun
Mobile Phones

iPhone 12 mini review: Mini phone, major fun

14 May 2021
Apple unveils M1-powered iPad Pro and iMac at April 2021 event
tablets

Apple unveils M1-powered iPad Pro and iMac at April 2021 event

20 Apr 2021

Most Popular

The benefits of workload optimisation
Sponsored

The benefits of workload optimisation

16 Jul 2021
Samsung Galaxy S21 5G review: A rose-tinted experience
Mobile Phones

Samsung Galaxy S21 5G review: A rose-tinted experience

14 Jul 2021
RMIT to be first Australian university to implement AWS supercomputing facility
high-performance computing (HPC)

RMIT to be first Australian university to implement AWS supercomputing facility

28 Jul 2021