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billion market worldwide, according to a studyy from IT research companyGartnerr Inc. And the market is only expectedsto grow, with Gartner pegging an average 7 percent growth rate for the next five “There are a couple of game companiees making a hundred million dollars, and many more makinv tens of millions of and there’s no question there’s more to come,” said Jerem Liew, a managing general partner at Lightspeed Venture Partnerxs in Menlo Park. “I would speculatwe that in the aggregate, they’re makinhg more money than Facebook.
” Developerds looking to make monegy in application development need one of threwe things intheir favor: they can have an enormousz audience; they can have such a specificc customer base that advertiserss are willing to pay more to reach them; or they can be so much fun (or that customers will pay for the app directly. Lightspees has investments in three app development each of which fits intothe parameters.
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