The App Economy Will Be Worth $6 Trillion in Five Years (recode.net)

Posted by msmash on Tuesday June 27, 2017 @08:00AM from the growing-affinity dept.

An anonymous reader shares a report: In five years, the app economy will be worth $6.3 trillion, up from $1.3 trillion last year, according to a report released today by app measurement company App Annie. What explains the growth? More people are spending more time and -- crucially -- more money in apps. While on average people aren't downloading many more apps, App Annie expects global app usership to nearly double to 6.3 billion people in the next five years while the time spent in apps will more than double. And, it expects the average app spend -- including app-store purchases, advertising spend and, most importantly, commerce -- to increase from $379 per person to $1,008 in 2021. The 800-pound -- or $6 trillion -- gorilla in the room is mobile commerce.

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Re:I still do not get spending much money on apps by painandgreed · 2017-06-27 08:31 · Score: 4, Informative

I can see a few here and there for functions you need or want but I can't see people spending 3x-10x more in apps in the future.
People, of businesses? We're having to start installing apps for work now, VPN apps, online conference apps, business apps for once we get the VPN app running, and even apps to replace those secure code dongles as everything is going towards two factor security. Personally, yes, I don't expect to spend any more on apps, even less as I have all I want. Work and other businesses however, seems to be spending more on such things and integrating them into the normal workflow.