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MacroSolve's Mobile App Market Estimated to Explode to 70 Billion Downloads in Next 5 Years(May 12, 2010)
TULSA, OK -- (Marketwire) -- 05/12/10 -- MacroSolve, Inc. (OTCBB: MCVE) a leading provider of mobile business apps, announced today that based on published market projections, the company estimates a cumulative 70,000,000,000 mobile apps will be downloaded by consumers between 2010 and 2014.
This 70 billion estimate is based on projections from several respected information technology and research firms including the Gartner Group, which estimates that consumers are expected to download 4.51 billion apps in 2010, an 80% increase over 2009. Gartner further estimates that downloads per annum will increase to 21.6 billion apps by 2013, resulting in mobile store app sales of $29.5 billion in that year.
The iPhone app store alone, which launched in July of 2008 with 500 mobile apps, has now provided over 3 billion downloads through March of this year with an expansion of content to over 150,000 apps. With the emergence of Google Android, BlackBerry, Windows Mobile and Palm apps, the number of smartphone users downloading apps is expected to continue to grow exponentially.
"Seventy billion is a staggering number and MacroSolve is well positioned to capture a slice of this market with our mobile business apps. Our recently launched apps have swiftly gained market traction. In fact, our patent-pending ReForm XT ranked among the top 20 downloads on the BlackBerry app store in one of its first months of release," stated MacroSolve President and CEO Clint Parr.
MacroSolve's DineInsight and ClubInsight mobile business apps, both 'Powered by ReForm XT,' serve the needs of the restaurant and hospitality industry and golf, sports and membership clubs industry, respectively. The apps are sold both directly by MacroSolve as well as through a growing number of resellers focused by industry and geography.
MacroSolve, Inc. is a pioneer in delivering mobile apps and solutions to businesses and government. Founded in 1997, the company has an extensive network including the top name brands in wireless hardware and software as well as carriers. MacroSolve's mission is to become the leader in delivering mobile business apps, a market projected to grow by double digits to $11.6 B by 2012. The company operates through its subsidiaries including Anyware Mobile Solutions (http://www.goanyware.com/). For more information, visit http://www.macrosolve.com/ or call 800-401-8740.
Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
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