App stores anticipated to generate $15 billion in 2013

July 13, 2010 in GPS TRACKING APPS,GTXCORP,LOCiMOBILE | Comments (0)

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With app store downloads topping 3.6 billion in 2009 and expected to grow to 6.6 billion this year, market research firm Futuresource Consulting forecasts downloads will leap to 16.2 billion in 2013, translating to worldwide revenues of close to $15 billion. According to Futuresource, more than 85 percent of existing app store downloads are free to consumers, a percentage expected to remain stable over the next few years–consumer spending is nevertheless surging, with the premium mobile app market from developers like GTX Corp continuing to expand their titles.

Futuresource says that, along with direct-per-pay downloads, its revenue projections incorporate indirect value-add services like in-app payments and subscriptions as LOCiMOBILE does with its new people finder TRACKING app. “Factor in mobile content revenues which fall beyond the world of the apps store–like direct downloads from gaming companies, handset manufacturers and operators, video downloads, music and ringtones–and the whole package will be worth $38 billion worldwide by 2013,” said Futuresource senior market analyst Patrik Pflandler in a prepared statement.

Futuresource adds that app stores also hold significant promise for non-smartphone devices like the forthcomong Samsung Bada OS tablets, and expects applications to become a major feature of connected TVs and Blu-ray players, with a particular emphasis on familiar apps and brands that fit comfortably within the viewer experience.

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