The unstoppable growth of mobile apps

The use of smartphones has increased dramatically over the past few years. With smartphones becoming more and more affordable, the market for apps is likewise growing rapidly. Apple has more than one million apps available, while Android apps are almost as plentiful. According to a report by research firm VisionMobile, the global app economy, which was worth $68bn in 2013, is projected to grow to $143bn by 2016. With such aggressive forecasts, it’s no surprise that tech firms and investors continue to pour in money into this lucrative space. Last week Truecaller, Vive, Avaamo, Spring Moves, Square, HangIt and others all received millions in funding.
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