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Smartphone apps - a trillion dollar industry? Not quite yet...

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.

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Mobile apps or smartphone applications?

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.

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