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Mobile App Industry To Rise 1,000 Per Cent By 2014

Revenues from mobile application stores are expected to reach a massive $58 billion by 2014, a Gartner report has predicted.

The research firm, which expects mobile app store revenues to rise by 1,000 per cent in the next three years, said that 17.7 billion mobile apps will be downloaded this year and that the figure could rise to 185 billion in 2014.

Gartner said that the boom in the mobile app market was more than just a passing phase and the company expects it to reach new heights a few years down the line.

Stephanie Baghdassarian, a research director at Gartner, said in a statement to V3: “We strongly believe there is a sizeable opportunity for application stores in the future. However, applications will have to grow up and deliver a superior experience to the one that a web-based app will be able to deliver.”

Apple, the company that has pioneered the mobile app revolution, announced that 10 billion apps had been downloaded from its iTunes App Store since its launch on Saturday.