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Mobile App Market Will Surpass $30 Billion by the End of 2012

According to new data from ABI Research, to-date revenues accumulated by the worldwide mobile app market will exceed the $30 billion milestone by the end of this year. That figure includes revenues from pay-per-downloads, in-app purchases, subscriptions, and in-app advertisements. The $30 billion total is almost twice the amount for cumulative mobile app revenues that was reached by the end of 2011.

The Mobile Application Markets Research Services at ABI Research provides data on mobile app stores, looking at the distribution and economics of mobile apps, with information on download volumes, revenues and business models, as well as trends for different types of mobile apps.

Regarding trends in the application storefront market, ABI Research senior analyst Aapo Markkanen asserts that “Google deserves a lot of credit for rehabilitating its proposition as an app distributor in the past year or so. If the old Android Market was a garage sale of the industry then the new Google Play has begun resembling a respectable department store. We estimate the Android developers’ share of the annual app revenues to set around one-third.”

Ouriel Ohayon, co-founder of Appsfire, an apps discovery company, recently told The Next Web that Apple has received 1 million mobile app submissions since July 2008 and that there are currently 736,247 offered in the App Store. Google reports that it has 700,000 mobile apps in its Google Play store.

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