The mobile economy is blooming at an even faster rate than expected -- by 2017 it will be valued at $3.1 trillion, $200 billion more than the $2.9 trillion Yankee Group forecasted in October 2012.
This spike in potential earnings can be credited to all four mobile sectors -- devices, commerce, broadband, and apps and cloud -- seeing increased market interest.
The report predicts that mobile devices and mobile commerce sectors are growing quicker than previously forecasted, with expectations for mobile devices now reaching $919 billion and mobile commerce reaching $906 billion by 2017.
Although mobile broadband's market growth rate has begun to slow, it continues to represent the largest sector of the new mobile economy in raw terms and is expected to reach $1.121 trillion by 2017.
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