The Mobile Application Development Industry: Growing by Leaps and Bounds

Posted on March 17, 2011

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.

•    Media bigwig CNN ran a very long story on the topic of shortages of applications. The news story pointed out that there may not be enough applications to fill out the big stores run by Apple and Google. They also reported that influential vendors, like Nokia and Research In Motion, are running short of applications to support the present number of 61 million mobile smartphones.

•    ReadWriteWeb reported that one of the reasons that Webtrends bought the firm Transpond was to fill in the shortage of Facebook developers. The acquired company now called Webtrends Apps creates mobilized web pages and provides application development tools for the iPhone, Android Apps and Facebook.

•    A story on 2011’s spending plans reports that quite a few CIO’s are planning to increase their investments in mobile technologies this year. In fact, mobility seems to dominate enterprise IT spending forecasts. 54% of IT executives surveyed in November intend to increase their budgets in 2011, when compared to just 14% who did so the previous year.

•    An article which appeared in eWeek, shares updated predictions from Gartner and Forrester Research which showed that the telecommunications segment will see the strongest growth in the present year. The report also predicted that spending on software and services will outpace hardware spending.

•    A PCWorld article has predicted the arrival of 4G technologies, though not as quickly as users would like. This technology or any other future access technology is sure to further advance the mobile application development market.

With BlackBerry, Symbian, Android, Windows and the iPhone, bringing intriguing market possibilities for third party application support, the mobile application development industry is sure to make its presence felt.

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