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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.

Around the world, people of all ages are learning to build mobile apps. Some are self-taught and others take classes, at universities, technical schools, high schools or after-school programs.

To comprehend the extent of the world’s fascination with mobile apps, consider some recent data on the mobile app market.

At the Apple Worldwide Developers Conference in June, CEO Tim Cook revealed some impressive facts about the company’s App Store, which can now claim: 400M accounts, 650,000 apps (including 225,000 specifically created for the iPad) and 30B downloads to date.

Cook also told the WWDC gathering that the Apple has paid mobile app developers more than $5B for apps sold in the App Store – so far.

And just last week, at the Google I/O Developer Conference, it was revealed that Google Play can now boast 20B downloads and that is has surpassed the 600,000 mark for mobile apps and games.

So, now the two largest markets combined offer 1.25M mobile apps. And if that number isn’t sufficiently stunning, mobile app revenue forecasts may be.

ABI Research predicts that “total mobile app revenues from pay-per-download, in-app purchase, subscriptions, and in-app advertising will soar over the next five years, growing from $8.5 billion in 2011 to $46 billion in 2016.”

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