Money spent on apps to hit $75 billion by 2017

Gadget owners will spend $75 billion (£48.57 billion) a year on apps by 2017 a report has claimed.

The figures comes from Juniper Research and follow a study into the future of apps stores.

It looked at the potential growth of both iOS and Android’s own app stores, as well as assuming that both Amazon and Microsoft’s own stores also become viable.

According to Juniper, the total amount spent on apps by owners of smartphones, tablets, smartwatches and other devices will be $75 billion within five years.

It also found that around three quarters of that figure will be the result of in-app purchases.

Read more:Government to investigate F2P games

The remaining 25 per cent will come from the cost of apps at the time of download.

According to Juniper, it believes that more and more developers will find a way to monitise their customers. This will be done through a combination of advertising and in-app purchases.

The report says that games will account for the biggest slice of revenues in 2017. Nearly one third of all revenues will be spent on gaming.

It also believes that tablets will continue to grow their share of the app revenues over the next five years.

By 2017, Juniper anticipates that tablet apps will be generating $26.6 billion (£17.23 billion) in revenue. That compares with the $7.8 billion (£5 billion) expected this year.

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now