There’s still plenty of money to be made in apps. According to analyst firm App Annie, the app economy will be worth $6.3 trillion by 2021 — that’s a 380% jump from the $1.3 trillion app market of 2016.
In a report published Tuesday, App Annie predicted a big increase in the global app market, due to more people in the world owning smartphones and increasingly using mobile apps. The company’s research said people are spending more time interacting with apps, with 3.5 trillion hours expected to be logged in 2021. In 2016, people spent about 1.6 trillion hours using apps, the report said.
