$GLUU Yet Another Reason To Be Bullish
As a whole, mobile applications create a socially connected experience while allowing users to stay active or do as they choose while on the move, pushing forward with both personal and professional goals. Social Networking is one of the fastest growing market segments in mobile communications, continuing to attract new users. A common problem faced across all age and demographic profiles, is the lack of time in each day. Easy, accessible and user driven technologies are replacing traditional avenues of meeting people by providing yet another way to embrace our "Do it all" and "Have it all" mobile - social generation.
"Mobile Devices and The Media Time They Command Is Now Greater Than Desktop and All Other Media Combined" US Statistics Significantly Higher at 51% Mobile vs. 42% Desktop (Source: SmartInsights)
Current Market Size
Mobile - Social "apps" and social media are growing at outstanding rates $76 Billion Market Projected by 2017 (source: Pew Research Center) Over 2 Billion Smart Phones (Mobile Devices) currently shipped annually and the number of Mobile app downloads Worldwide at 102,062m. The projected number of app downloads 2017 to reach 268,692m with $1.5 Trillion in revenue generating transactions from these 2 Billion Devices
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