Oct 05

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Finally a rapid growth sector…the app industry!

According to a new study by professors at the University of Maryland’s Smith School of Business, there is one industry segment that is seeing rapid growth.  At least 182,000 new U.S. jobs can be linked to businesses specifically making apps for Facebook’s 750 million plus users.  This represents a value of approximately $12 billion in wages and benefits.  In addition, the businesses that support the app making businesses add at least another 130,000 jobs and additional $12 billion of value to the U.S. economy.  The study also emphasizes that these numbers are likely too conservative.

About the author

Renee Howdeshell

Renee Howdeshell is a founding member of Fulcrum Inquiry, an accounting, finance and economic consulting firm that performs damage analyses for commercial litigation, forensic accountings, royalty & distribution audits, financial investigations, and business valuations. Ms. Howdeshell holds a degree in Finance and Marketing from the University of Virginia's McIntire School of Commerce and is a Certified Public Accountant (CPA) and a Certified Fraud Examiner (CFE). She has testified as an expert witness in federal court, CA state court and arbitration regarding the results of her work. She can be reached at (213) 787-4112 and her resume is available at www.fulcrum.com.

Permanent link to this article: http://betweenthenumbers.net/2011/10/finally-a-rapid-growth-sector%e2%80%a6the-app-industry/

1 comment

  1. Mr. Benjamin

    I find this extremely insightful. Thank you for continuing to post such well written discerning blogs. Its a nice way to start my morning.

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