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The entire mobile app market is growing with breathtaking speed. Slated to hit $3.8 billion in 2011, this represents a 77.7% increase from 2010 where revenues were $2.1 billion. In 2009 revenues were $830.6 million. As for the future, the firm is projecting that the fierce growth will just continue with $5.6 billion in revenues in 2012, $6.9 billion in 2013 and $8.3 billion in 2014.
Apple will lead the way with revenue although Google is rising sharply. Google’s Android Marketplace sales should rise 295.4% to hit $425 million in 2011.
All of this also means that there are huge app download numbers. The vast majority of downloads are happening with the free and ad-supported apps. In 2011, there will be 18.1 billion downloads versus the 9.5 billion downloads that occurred in 2010.
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