Mobile software market to reach $67.3 billion in 2013
The mobile software market could reach $67.3 billion in 2013, says Frost & Sullivan. The research says the expansion of memory, increase in processor speed, and availability of better networks will drive the growth. It says the market earned $17.9 billion in 2007.
Frost & Sullivan argues that mobile software will increasingly be built-for-purposes rather than ported from the PC. It adds that the use of the mobile for playing MP3s, games and taking digital camera photos will place the device at the forefront of consumer habits.
“Over the next decade, the cycle of software development, where many mobile software products and applications were developed originally for other types of devices, will reverse,” said Frost & Sullivan analyst Daniel Longfield.
“This reversal is likely because the number of mobile devices manufactured is expected to continue to outpace all other types of personal electronics and also due to smart phones possessing more processing speed and memory.”