Smart Phone Apps

Smartphone App Market to Be Worth $15B

Smart Phone Applications have revolutionized the ways in which users access documents and information and conduct day-to-day business tasks. The apps have revolutionized the ways in which we communicate – both in our personal and corporate channels – and technology is at our fingertips more than ever.

But the real story lies here: the facts, figures, and numbers. For the first six months of 2010 alone, The Smart Phone application market has in fact grown to $2.2 billion already. Total mobile application downloads has reached 3.8 billion. Now, compare that to 3.1 billion downloads in aggregate 2009, and it’s easy to process the coming estimates for the near future: expansion to a $15 billion market by 2013. Other less conservative estimates that have been released: a $17.5 billion estimate from an independent study by a company called GetJar.

The exponential growth is a culmination of developing technologies from Apple and their proprietary iTunes store, the Android Market by Google, and other mobile App Stores that include Blackberry’s App World by Research in Motion.

But these are massive companies that have already enjoyed reaping the benefits from the growth of the app market. At WMM, we discover the little guys. We uncover and then cover companies with small market caps who are on the forefront of some explosive industry fulfilling some voided niche with powerful technology.

GTX Corporation
e companies. GTX develops and integrates 2 way GPS people finding technologies which seamlessly integrate with consumer products and enterprise applications. LociMobile, a GPS tracking application for iPhone, Samsung, and Blackberry smart phone devices, hit #2 on the iTunes top grossing chart with 600k downloads in 84 countries.
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