AppStore

The smartphone applications business is growing exponentially, although the question of weather it will ever become the next 'trillion dollar' industry is still up in the air. In a study published this week, Juniper Research have indicated the revenue from mobile applications may grow $22 billion in the next five years.

An independent research has found the market for mobile applications may increase from $6 billion today to almost $17.5 billion in 2012. This study also reported downloads of mobile apps (mobile applications) may jump to approximately 50 billion in 2012, a noticeable increase from 2009’s seven billion downloaded smarthphone apps.