Smartphone app market to grow over 800 percent by 2013

Monday, 08 March 2010, 02:20 Hrs   |    1 Comments
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Bangalore: After seeing the markets' inclination towards smartphones in the last two years, analysts believe that the market for smartphone apps is likely to grow by over 807 percent to $15.65 billion by 2013. According to the research done by research2guidance, the smartphones apps could generate $1.94 billion revenue last year, which are likely to grow by more than eight times in the next three years. The prediction is based on a major push into smartphones worldwide that the analysts believe could result in 970 million smartphones being in use by the same timeframe. Research also claims that he audience is already poised to triple this year to about 300 million. Among Android and iPhone platforms, app development has maintained extremely rapid growth over the past two years, with iPhone is now estimated to have over 150,000 apps after starting with just over 500 in July 2008. Android, which started later with a much smaller pool of roughly 30 apps, has grown to over 20,000 titles in roughly a year and a half.