Mobile apps market 'to reach £17bn'
30 April 2009 — 10:18 AM
The mobile applications market is expected to be worth around $25 billion (£17 billion) by 2014, a new study has predicted.
Put together by analysts at Juniper Research, the report looked at direct and indirect revenues being generated by the sector - which includes consumer downloads with the latest phones.
It is noted growth in mobile applications will be bolstered by new store launches and advanced handsets designed to give the user more choice.
The research suggested games will continue to be the biggest area for the market in terms of downloads and profit. However, multimedia and entertainment applications were predicted to take a significant part of future revenues.
For those recycling mobile phones, the news may inspire them to act now and buy a new smartphone equipped with access to the latest applications - such as the Apple iPhone 3G or BlackBerry Storm.
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