With the telecommunication world being plunged into a whirlpool of massive advancement, it comes as no surprise that the mobile application development industry is growing by leaps and bounds. While some industry experts argue that it’s too early to predict the advancement of mobile technology over traditional computing experience, this development is definitely gaining rapid significance in IT industry circles.
Here are a few trends that indicate the dominant emergence of the mobile application development industry.
•    A BusinessWeek story citing a Chetan Sharma Consulting Study, reported that the mobile application development industry is in the midst of growing from $4.1 billion in 2009 to $17.5 billion in 2014. This predicted fourfold increase in the mobile industry is creating endless possibilities in conceiving, increasing and maintaining the mobile application enterprise.

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The worldwide smartphone market has witnessed a tremendous increase in sales, with vendors shipping record volumes of units. Data available from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker showed that vendors shipped a total of 302.6 million smartphones worldwide during the year 2010. Compared to 173.5 million smartphones shipped in 2009, the worldwide smartphone industry had gained a remarkable increase of 74.4 percent.

The need for component suppliers has scaled new heights with more and more mobile phone users turning in their older models for newer versions with dual-core processors and near-field communication chips. Here is a list of the top five smartphone vendors who will be able to sustain the immense need existing in the smartphone market.

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