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    It’s estimated that the global app economy will be worth in excess of 0 billion between now and 2020.Key insights from the recent App Annie ‘App Economy Forecast’ suggest that the overall value of the global app market is set to continue it’s impressive growth trajectory.We recently discussed in our latest Mary Meeker blog how chat apps are driving exponential growth in terms of consumer behaviour and overall app usage consumption in developed countries.We recently explored why demand for mobile capability is damaging big business.App Annie is a US based firm providing data analytics and insight for mobile developers.The report is designed to track the progress of the global app economy and the key drivers responsible for growth within the market.Again, much of this growth is being triggered by new device adoption from within developing economies, with countries such as China and India driving much of the growth.

    Mobile has radically altered the way in which we engage with the media, each other and businesses.Firstly, between now and 2020 there will be strong mobile app adoption in developing economies.The second key driver will be the fact that app users in developed economies will continue to spend more money and new and existing apps.Mobile apps enable businesses to drive new streams of revenue (and enhance existing revenue opportunities) and enable brands to create deeper levels of engagement with new and existing users.We recently covered why the Io T matters for your business, but what impact will the Io T have on the global app economy?

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