Published in Mobiles

Application industry worth $9 billion in 2012

by on27 August 2012

According to Gartner

Analyst outfit Gartner has been adding up some figures and dividing by its shoe size and worked out that the app industry is worth $9 billion this year.

That represents a 1.8 percent increase over 2011's market size, and Gartner says that evolving software delivery models, new development methodologies, emerging mobile application development, and open source software will drive IT spending. According to Gartner's report with the sexy title "Market Trends: Application Development (AD) Software, Worldwide, 2012-2016" the cloud is changing the way applications are designed, tested, and deployed, resulting in a significant shift in development priorities.

The report said that the trend is compelling enough to force traditional AD vendors to 'cloud-enable' their existing offerings and position them as a service to be delivered through the cloud. Asheesh Raina, principal research analyst at Gartner said that mobile application development projects targeting smartphones and tablets will outnumber native PC projects by a ratio of 4:1 by 2015.

It is also expects open source software to continue to broaden its presence and create pressure on market leaders during the next three to five years. Raina said that more than 70 percent of new enterprise Java applications will be deployed on an open source Java application server by the end of 2017.

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