Apps: To Be As Big As Internet In 2020 But At The Expense Of Small Developers

The future and economics of Mobile Application market was discussed and analyzed comprehensively by the experts at Mobile Beat conference, organized by the blog Venture Beat. It predicts a pleasing future for the App market peaking at 10 million apps in 2020. But a gloomy one for developer community which will dwindle drastically. According to Ilja Laurs, CEO of top independent app store Get Jar(more info).

The apps will be as big if not bigger than internet with 10 million apps by 2020. But 90% of developers will fail as each developer makes less money.

Last week Apple recorded a milestone of 1.5 billion downloads in just a year with a pool of 65,000 apps in its library. But experts felt that the popularity of Apple App Store(more info) is also its vulnerable point because it caters to ‘one hit wonder’ model as small and budding developers are finding it difficult to make profit from their applications. Most of the iPhone application get popular for short time and then lose traction in a day or two . But Google’s vice president Vic Gundotra has some contrasting things to say.