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(Read Write Web) —Juniper Research asserts, in a study published today, that revenue from mobile applications will grow $22 billion in the next five years. “The combined revenues from apps funded by pay-per-download (PPD), value-added services (VAS, including freemium and subscription) and advertising is expected to rise from just under $10 billion in 2009 to $32 billion in 2015.”

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