According to a new International Data Corporation (IDC) forecast, the market for mobile applications will continue to accelerate as the number of downloaded apps is expected to increase from 10.9 billion worldwide in 2010 to 76.9 billion in 2014. Worldwide mobile apps revenues will experience similar growth, surpassing $35 billion in 2014.
IDC used the term "Appification" when describing the functional purpose of many of the mobile apps that are part of the extraordinary growth and evolution of the space.
Broad categories are being addressed that play in the physical and digital world. An example provided by IDC, are the apps that "can turn a smartphone into a physical trainer that keeps track of exercise levels and even your heartbeat, help cook a meal by walking you through the meal prep and then tell you when it is fully cooked, monitor your driving and offer tips to increase gas mileage, turn your phone into a flashlight, connect you with friends through social networking, find your location through mapping, offer early forms of virtual reality, automatically upload and share pictures, scan physical goods through barcode readers, wirelessly transfer files by physically bumping two devices together, and provide a whole range of business support from fleet management to payroll."
That's a mouthful.
Click here if you want to learn more about the IDC study titled "Worldwide and U.S. Mobile Applications, Storefronts, and Developer 2010--2014 Forecasts and Year-End 2010 Vendor Market Shares: The 'Appification' of Everything (IDC #225668)"
Source: IDC
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