Mobile Apps expected to grow to $9 billion by 2011

In the quest for innovation and the push toward the next frontier for applications, many companies are looking to mobile phones as a platform of opportunity. According to consulting and analytics firm Compass Intelligence, mobile apps are a good bet. The U.S. mobile applications market will grow to $9 billion by 2011, the company predicts, forecasting that U.S. businesses will spend about $3.8 billion on mobile applications this year alone. That includes custom-coded wireless packages, productivity tools, enterprise resource planning tools, email, and security applications. Compass predicts U.S. annual growth rates in the market to be between 20 and 37 percent from 2006 through 2011. Applications will provide SMS/text messaging, content relationship management programs, project management software, and file-sharing, InformationWeek reports.

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