According to a report from research firm IHS iSuppli looking at projected revenue for major mobile app stores in 2011, Appleâ€™s App Store should account for 75% of the total markets in the coming year. Projected figures for the Apple App Store in 2011 call for revenue of $2.91 billion, up 63.4% from $1.78 billion in 2010. The report also expects Apple to retain 60% market share by 2014, as well as leading the way with earnings from in-app purchases, which IHS predicts will be a key growth driver for revenue up to 2014. Meanwhile, Googleâ€™s Android Market is expected to show the fastest growth in 2011, rising by 295.4 percent to $4.25.36 million, taking over from RIMâ€™s BlackBerry App World as the second-largest app store behind Apple. Nokiaâ€™s Ovi Store is in last place, with $201.48 million in anticipated revenue.
As far as the revenue from all four major app stores is concerned, namely Appleâ€™s App Store, Googleâ€™s Android Market, Nokiaâ€™s Ovi Store and RIMâ€™s BlackBerry App World, IHS predicts that combined revenue for all four stores will rise from $2.1 billion in 2010 and from $830.6 million in 2009. Total download revenue from games and other applications is expected to keep rising over the next few years, leaping to $5.6 billion in 2012, $6.9 billion in 2013 and $8.3 billion in 2014. IHS says that while these four stores are the main players at the moment, itâ€™s possible that new sites such as Microsoftâ€™s Windows Marketplace will grow strong enough to shake up the market in future.
iHS iSuppli via App Store Projected to Claim 75% of App Download Market in 2011 - Mac Rumors