Skip to main content

Media Tablet Apps Revenue Will Exceed $15 Billion

The media tablet application market evolved as an extension of the more developed smartphone application marketplace, but it's clearly focused on larger display devices.

The market for tablet applications will continue to develop its own identity in the coming years, particularly as the product category potential continues to expand.

According to the latest market study by In-Stat, tablet application revenues will top $15 billion in 2015. That said, it's not clear if the two apps market segments will always remain closely aligned.

"While the tablet application experience is very similar to the smartphone application experience, there are some distinctions," says Amy Cravens, Senior Analyst at In-Stat.

Although many smartphone apps are appearing in tablet form, developers are having to recreate those applications to adjust for differences in the tablet form factor.

While the different versions of the OSs are likely to merge in the future, tablet applications are likely to differ -- due to growing differences in the platform and usage models.

Key insights from the In-Stat market study include:

- Over 75 percent of the survey respondents owning a tablet have downloaded applications.

- Despite the rapid diversification in the tablet market, Apple is expected to maintain its tablet application market dominance over Android and other tablet OSs, but will see its 95 percent market share slip substantially.

- As one might expect, free applications dominate the number of downloads, while the fewer number of paid applications generate revenue.

- Survey respondents indicated that nearly 80 percent of tablet applications downloaded were through an OS provider app store.

- The majority of respondents prefer using an app store as their preferred method of payment, for both the applications and in-app purchases.

Popular posts from this blog

Industrial Cloud Computing Apps Gain Momentum

In the manufacturing industry, cloud computing can help leaders improve their production efficiency by providing them with real-time data about their operations. This has gained the attention of the C-suite. Total forecast Industrial Cloud platform revenue in manufacturing will surpass $300 billion by 2033 with a CAGR of 22.57 percent, driven by solution providers enhancing platform interoperability while expanding partner ecosystems for application development. ABI Research found the cloud computing manufacturing market will grow over the next decade due to the adoption of new architectural frameworks that enhance data extraction and interoperability for manufacturers looking to maximize utility from their data. Industrial Cloud Computing Market Development "Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers. The large initial upfront cost of purchasing, setting up, and maintaining these servers is

Demand for Quantum Computing as a Service

The enterprise demand for quantum computing is still in its early stages, growing slowly. As the technology becomes more usable, we may see demand evolve beyond scientific applications. The global quantum computing market is forecast to grow from $1.1 billion in 2022 to $7.6 billion in 2027, according to the latest worldwide market study by International Data Corporation (IDC). That's a five-year compound annual growth rate (CAGR) of 48.1 percent. The forecast includes base Quantum Computing as a Service, as well as enabling and adjacent Quantum Computing as a Service. However, this updated forecast is considerably lower than IDC's previous quantum computing forecast, which was published in 2021, due to lower demand globally. Quantum Computing Market Development In the interim, customer spend for quantum computing has been negatively impacted by several factors, including: slower than expected advances in quantum hardware development, which have delayed potential return on inve

Credit Scoring Service Spending will Reach $44B

Credit scoring is a method that lenders use to predict the probability a borrower or counter-party will default on loans, or incur additional charges for repayment -- also known as measuring credit worthiness. The method is a key tool in making credit affordable for individuals and businesses. It links credit products to risk potential, connecting borrowers to secondary capital markets and increasing the amount of funds available. This securing process establishes risk predictability dependent on a number of factors, determined by financial indicators and other publicly available information reported by the credit bureaus. Credit Score Market Development According to the latest worldwide market study by Juniper Research, they now forecast credit scoring services will grow by 67 percent to $44 billion by 2028. Juniper anticipates that emerging markets will experience the greatest growth -- projecting the African & Middle Eastern region to grow by 117 percent over the forecast period