Mobile Apps will Generate $17.5 Billion Business by 2012: Study

According to the independent study conducted by the world’s second largest Mobile app store, GetJar, the mobile apps is expected to cross $17.5 billion market by 2012. The number of downloads of mobile application will jump from 7 billion in 2009 to nearly 50 billion in 2012. The study further says that mobile internet will beat desktop internet in the near future. Also, 17% GetJar users spend more time on mobile internet compared to desktop internet.

Mobile application started to generate interest to the common users since Apple launched its App Store for iPhone and iPod Touch devices in mid-2008. The market value for mobile application during the past couple of years is six billion dollar on average. Most of the major companies are trying to launch service that can use geo-location, camera, touch-screen of mobile devices. iPhone users are the most advanced users of Mobile Apps. They spend more time and money for mobile apps.  There are 150,000 iPhone applications at Apple store and they recently cross the three billion download of iPhone apps. On the other hand, 30, 000 apps have been made for Google Nexus Android based mobile phone.

“From highly interactive games that only used to run on consoles to simple news or weather look-up apps, there is practically an app for every scenario from bar exams to simulated libation consumption,” the report noted.

There are 310,000 software developers who have accounts to submit programs to GetJar and the company has a collection of more than 65,000 mini-applications designed for thousands of different types of handsets.The survey also revealed the fact that the average cost of of mobile apps is going to drop from $2 to $1.50 in 2010. As per the firm’s website, more than 840 million downloads have been registered with m.getjtar.com as of Tuesday.