The Russian app market – lots of demand, not much revenue

The Russian mobile apps market is a rapidly growing sector. The market was ‘born’ in 2009, a year after the sector took off in more developed economies. By the end of the year the fledgling sector was worth just $3 million. However, three years of triple digit annual growth saw the sector’s value skyrocket to $137 million by the end of 2012.

During this period, the Russian market grew slightly faster than the global one, a pattern which J’son & Partners predict will continue for the next couple of years, with the sector in Russia growing at an average of 186% annually up to 2015.