Total revenue from app stores like the Apple App Store and Android Marketplace will nearly double to $14.1 billion next year and will reach $36.7 billion by 2015, according to tech research firm Canalys.
App Stores are expected to bring in $7.3 billion in revenue in 2011, which includes direct app purchases, in-app purchases and subscriptions, Canalys said.
The overwhelming number of apps on the Apple App Store and Android Marketplace might prove too daunting for consumers. That could create an opportunity for phone carriers like ATT and Verizon Wireless to set up customized app
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