App Store To Retain Major Market Share of Paid Apps Despite Android Growth
Google’s Android is increasingly becoming popular as most handset manufacturers are adopting the Android platform. We recently reported that Google’s Android Market is expected to surpass the number of apps available in Apple’s App Store to become the largest store for mobile apps. But, does more apps mean more revenue?
According to a new report by IHS Screen Digest, the paid app market will double by 2014 and Apple is expected to retain 60 percent of the paid apps market. In terms of revenue Google’s Android Market is witnessing strong growth as revenue for 2011 is predicted to cross $425 million but is still far behind Apple whose revenue is projected to cross $2.91 billion.
The app market (including Apple, Google, Nokia, RIM) is predicted to grow 77.7 percent in 2011 making it cross the $3 billion mark and is expected to show tremendous growth by 2014 and crossing $8.3 billion in revenue.
Google’s Android continue to grow in the number of apps however Apple’s strong presence and well defined ecosystem will help the Cupertino based company maintain the lead when it comes to revenue share.