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Smartphone downloads from all app stores will reach US$6.67 billion in 2014, said a Frost & Sullivan report. The market segments covered in the research include prepaid and postpaid mobile, SMS and MMS, mobile Internet, iPhone, Android, Windows Mobile, Palm, and Symbian.
"Next-generation devices are being introduced at a rapid pace, and stakeholders are offering app stores to facilitate downloads of compelling applications from multiple categories, serving a wide range of communication, entertainment, information, and personalization requirements of the mobile user," said Frost & Sullivan Industry Analyst Vikrant Gandhi. "For example, Apple, Google, Nokia, Palm, and Microsoft have either already introduced app stores or are in various stages of app store rollouts and are working to ensure that the entire service experience is compelling for the end user or device owner."
A vast majority of applications are available "free of cost" to the end user, said Frost & Sullivan, which drives adoption in the U.S. smartphone app store market. The applications leverage advanced device capabilities such as touch screen, accelerometers, full Web browsing, and location-based services, among others.
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