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.

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1 comment

    • Mr. Benjamin on October 7, 2011 at 7:27 AM
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    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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