Mobile App Market to Grow 270% to $189 Billion by 2020
It is projected that the mobile app market will grow 270% i.e. from $70 billion in 2015 to whooping $189 billion by the year 2020. It has been noted that time spent in apps usage has increased 114 percent from the last three years i.e. 2014 to 2016. By the year 2020, it has been calculated that games will have a share of 55% of app store revenues. Also, other categories such as shopping and transportation will witness growth as well.