Forecast: Mobile Apps Will Be $11 Billion Business

U.S. businesses will spend about $11.6 billion on mobile applications by the year 2012. That’s according to new research from CompassIntelligence.com.

The report says the market is poised for double-digit annual growth over the next five years, thanks in part to a growing number of telecommuters and the growing availability of free and fee-base mobile applications available for download. Apple and Google are leading the way in promoting this trend.

This year, U.S. businesses are expected to spend just shy of $5 billion on mobile applications. Those include mobile and wireless-based, custom-coded and packaged applications; including productivity, contact management, GPS/Navigation, e-mail, security, file sharing and collaboration.

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