Developers in the EU have made over €17.5 Billion in 2013, a figure which is expected to increase to over €60 Billion in five years.
APP Developers in the EU have made over €17.5 Billion in 2013, a figure which is expected to increase to over €60 Billion in five years.
Research which was conducted by Insight Centre for Data Analytics at NUI Galway & GigaOM research have found that most of this revenue is generated from “contract labour”.
Over half of the revenue generated was spent on hiring developers to develop and support apps for the service industry. The remaining revenue coming from in-app purchases, app sales and in-app advertising.
There are currently over one million app developers working in the EU, with additional support and marketing staff increase this figure to around 1.8 billion. Their report found there was a significant demand for freelance app developers. Half of the enterprises that did their own in-house development used third-party developers in the development process.
One potential problem facing this booming industry however is said to come from users decreasing willingness to pay for apps. However this is certainly one industry which is helping to drive the European Economy.
Source: TheJournal
