A new research from Compass Intelligence indicates that businesses in the US will spend $3.8 billion on mobile applications this year, while that number is expected to reach $9.0 billion by 2011. To improve productivity and collaboration across businesses, business will be spend on mobile and wireless-based custom-coded and packaged applications, including productivity, ERP, e-mail, CRM, security applications, and more.
The research also found:
- The Professional Services and Government industries are expected to be the two largest spenders on US mobile applications representing 37 and 22 percent respectively in 2007
- The Small Business (representing 38%) and Enterprise Business (representing 42%) segments are expected to be the largest spenders on mobile applications from 2006-2011.
- US annual growth rates in this market range from 20 to 37 percent from 2006 to 2011.
“Because of the converged world of communications, applications and mobile applications are creating huge buzz and interest in the market,” says Stephanie Atkinson, Managing Partner at Compass Intelligence.