The App Economy And Its Radical Growth

You may think that there’s already an smart-phone app for everything as there are more than 500,000 apps in the Apple App Store. Google Play (former Android Market) surpassed the 400,000 app mark in December 2011, doubling the number of available applications only in 8 months.

One of the biggest values of a smart-phone is in the potential use of all those apps available. From financial trackers to running counters to tools that can help you find the cheapest gas nearby or shoot birds on green pigs, all these apps have impact on the way people live their lives and communicate.

Apart of all the apps available, the development of mobile applications accounts for nearly half a million new jobs and shows that also small things can have an impact on the economy.

Results of a web survey investigating the number of apps downloads, prices paid and frequency of use show that Android owners download higher proportion of free apps than Apple and BlackBerry owners.

It also claims that 83% of all downloaded smart-phone applications are cost-free.

And when looking at the differences between continents, the average number of downloaded  apps in the Western Europe continues to rise but on the other hand the average number downloaded in the US has declined slightly since 2010.

Ffrugaldad put together a nice infographic presenting the radical growth of the app economy, whosing how smart-phones give us everyday assistance, more statistics on the developing “app economy,” altogether with some tips on which apps can help save money.

Check out the infographic in full below.

Source: frugaldad.com, thesocialskinny.com