We live in a mobile-first world and that doesn’t look like it’s going to change any time soon. In fact, revenue from the mobile Internet is expected to exceed $700 billion within the next two years. While the United States and Europe will account for a significant portion of this growth, Asia will be the true growth juggernaut.
Mobile technology has been one of the biggest drivers of growth in the tech sector since the iPhone’s launch in 2007. But if Digi-Capital‘s predictions hold water, you ain’t seen nothing yet. According to the research and advisory firm’s latest Mobile Internet Investment Review, investors plowed more than $32 billion into mobile tech companies in 2014. The most valuable of those companies — the 68 mobile “unicorns” with a valuation of $1 billion or more — added $28 billion to their combined value in just the fourth quarter to reach a total of $261 billion. “To put the $28B value added last quarter in perspective, that’s $300M [per day] — or more than 30 Tim Cooks (who got paid over $9M last year) a day,” said Tim Merel, the managing director of Digi-Capital.
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