(PRWEB) February 27, 2014
It’s incredible to think about the fact that the concept of an “app market” didn’t really exist 7 years ago. However, since the release of the original iPhone in June of 2007, all of that has changed. According to a report in the Wall Street Journal, revenue from Apple’s and Google’s app stores increased in 2013 by 62% to $25 billion, making it an increasingly lucrative market.
As a result, there are an increasing number of companies and divisions within companies whose sole purpose is to develop, manage, and increase the profitability of mobile applications. Although there are literally hundreds of thousands of registered app developers around the world, the reality is that there are only a few creating large and viable businesses through top-quality mobile applications. “Although the app market is large and growing rapidly, current trends indicate that the majority of revenues will go to highly specialized app development companies instead of the individual or small teams creating apps from their dorm rooms.” Industry technology expert Jason Hope said.
These three companies, while far from the only companies profiting from the growing app industry, give us an idea of the future of mobile app development. While the relatively low overhead and barriers to entry will ensure a healthy influx of independent developers, the majority of professional and enterprise-grade app development will likely continue to be a combination of large companies and hyper-successful startups that are quickly bought.
To learn more please visit: http://techcontrolled.com/top-mobile-app-developers-world/.