Market research company Gartner predicts sales of mobile applications will hit a revenue of $6.2 billion this year, up from $4.2 billion in 2009. Analysts expect mobile users will download over 8 billion applications, with eight applications out of ten said to be free. If the massive growth of apps continues, sales may hit $29.5 billion by the end of 2013.
According to Gartner, the total amount of mobile application downloads all around the world should reach 21.6 billion by 2013, while the downloads of free applications should account for 87 percent of their total number during that year. During 2010, Gartner expects for the downloads of free applications to represent 82 percent of the total number of mobile applications downloads.
“As smartphones grow in popularity and application stores become the focus for several players in the value chain, more consumers will experiment with application downloads,” said Stephanie Baghdassarian, research director at Gartner. “Games remain the No. 1 application, and mobile shopping, social networking, utilities and productivity tools continue to grow and attract increasing amounts of money.”