Mobile App Revenue to Pass $50 Billion by 2016

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A report released by Juniper Research shows an optimistic forecast for the mobile app market in the near future. According to the research, annual revenues from consumer mobile applications will approach $52 billion by 2016 thanks to the consumer adoption of smartphones and the emergence of the mass tablet market.

While smartphones comprise a majority of app revenues, the report noted that tablets, which currently account for just 7 percent of global app revenues, will comprise 25 percent of the revenues by 2016. Another finding in the report noted that more the 31 billion apps were downloaded to mobile devices in 2011.

Source: Juniper Research

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