Global mobile app store  market revenues are projected to reach USD$ 84.20 by 2022,with nearly 270 billion apps are expected to be downloaded in 2017.

 

Global mobile app store revenues are projected to reach USD$ 84.20 by 2022,with nearly 270 billion apps are expected to be downloaded in 2017.driven by the globally increase in usage of smart phones and tablets, robust increase in mobile internet consumption for multifunctional usage by consumer. Europe has the largest market worldwide. Asia pacific is projected to have the largest market with the CAGR of 23.7% over the analysis period.An app store or app marketplace is a type of digital distribution platform for mobile and desktop apps.

 

The number of mobile app downloads is expected to increase in 2017. Nearly 270 billion apps are expected to be downloaded in 2017; up from an estimate of 224.8 billion app downloads in 2016. Apps are usually run in specific devices and written for a specific operating system. Considering Android and Apple’s iOS are the two leading operating system for mobiles, it is no surprise that the two largest global platforms for app distribution are Apple’s App Store and Google Play, the official app store for the Android OS. Between the two apps stores, about 35.7 billion apps were downloaded in the first half of 2016 alone.

 

The number of mobile users surpassed desktop users in 2014. Gartner’s prediction narrates that over 268 billion mobile downloads will generate an income of $29.07 billion in 2017. The estimated global mobile app revenue was $35 billion in 2014, $45 billion in 2015, $58 billion in 2016, and a predicted $77 billion in 2017, as stated above.

 

The statistics indicate that people who fall in the age group of 18 to 24 years of age use more mobile apps than any other group. They are followed closely by 25 to 34 years, 35 to 44 years, 45 to 54 years, and then over 55 years, respectively. The implication is that businesses that use mobile applications will target the middle generation more than the younger and older generations.

 

Major apps stores in market are :

• Amazon appstore

• Google play

• Apple app store

• Windows store

• Blackbery world