Report: Mobile App Revenue to hit $51 Billion This Year

by Developer.com Staff

By 2020, the mobile development industry could be worth $101 billion.

A new report from App Annie forecasts that the mobile development industry will generate $51 million in global revenue for 2016. By 2020, it believes revenues will hit $101 billion and downloads will exceed 284 billion. On a per-device basis, app revenue will likely increase from $15.42 last year to $16.22 by 2020.

Breaking things out by platform, App Annie predicts that the iOS App Store will begin to lose its lead in revenue over Google Play and alternative Android app stores in 2017.

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This article was originally published on Thursday Feb 18th 2016
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