Mobile Applications Market Expected to Reach $9 Billion By 2011
According to new research from Compass Intelligence, businesses in the US will spend roughly US$9 billion on mobile applications by 2011. This year US businesses are expected to spend an estimated US$3.8 billion on mobile applications, which include mobile and wireless-based custom-coded and packaged applications, including productivity, Enterprise Resource Planning, Email, CRM, security applications, and more.
This market is poised for double-digit annual growth into 2011 and is primarily targeted to improve productivity and collaboration across businesses. Major trends in this industry include growth in productivity-based applications, growth in sophisticated and business-oriented devices, and a major attraction to service providers to strengthen profit margins.
"Because of the converged world of communications, applications and mobile applications are creating huge buzz and interest in the market," says Stephanie Atkinson, Managing Partner at Compass Intelligence. "Service providers must get into the mobile applications game by either developing new relationships with software vendors or developing in-house solutions that work across mobile devices," says Ms. Atkinson.
Recent research also found:
- The Professional Services and Government industries are expected to be the two largest spenders on US mobile applications representing 37 and 22 percent respectively in 2007.
- The Small Business (representing 38 percent) and Enterprise Business (representing 42 percent) segments are expected to be the largest spenders on mobile applications from 2006-2011.
- US annual growth rates in this market range from 20 to 37 percent from 2006 to 2011.
- Major mobile applications include Email, SMS/Text Messaging, CRM, project management, and collaboration and file sharing.
Posted to the site on 31st May 2007
