econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 03 November 2016

Is The App Economy Past Its Peak

by Felix Richter, Statista.com

A couple of weeks ago, comScore, a market research company specialized on all things digital, posed the question whether we have reached “peak app".

According to their findings, the time people spend using mobile apps is still growing, but the rate of increase has started to deteriorate.

This week, CB Insights released more data that suggests the same thing: the app economy may have passed its peak. CB Insights analyzed the company descriptions of thousands of startup companies receiving VC funding for the first time between 2010 and today, scanning for buzzwords that describe the companies' field of focus. While “app" is still the keyword that shows up in the most company descriptions, the share of startups working with apps in some way has declined for three straight years. It appears to be true that, following the app craze of the past few years, the market is cooling down a bit as many consumers have settled on a small number of apps they regularly use. According to comScore, U.S. smartphone users spend 84 percent of their app time within their five favorite apps.

While apps appear to be slowly falling out of favor with startups, other trends are emerging. Looking at the terms with the largest increase in mentions in startup company descriptions between 2010 and 2016 possibly allows us to glimpse into the future and gives us an idea of what the next big thing might be. According to CB Insights’ analysis, these terms are “virtual reality", “machine learning" and “natural language".

This chart shows the percentage of VC-backed companies with the following words in their company description.

Infographic: Is the App Economy Past Its Peak? | Statista

You will find more statistics at Statista

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Contributors








search_box
Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.







Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved