Mobile Apps Becoming as Big as the Internet?
Wednesday, July 22nd, 2009Yesterday, I came across a very interesting article about the mobile applications market and its future outlook.
“Apps will be as big if not bigger than the internet,” said Ilja Laurs, founder and chief executive of GetJar, a leading independent mobile application store. “They will peak at around 100,000 by the end of the year. That will be a tipping point and after that there will be a gradual fall in the rate of development. The full blossom will come in ten years and mobile apps will become as popular as websites are today with consumers.”
But he also warned developers for rushing into this market blindly: “The reality is that this space is only so big and only able to support so many people. Unfortunately the overhype that goes with [Apple's] App Store is what has driven so many to rush to develop for the market. It is fashionable to do apps and every media outlet tells you apps are cool. But the economics are a different story. The ratio of those developers who will fail is about 90%; they will simply not make a return on their investment or make a good enough living at this”. (more…)

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