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Facebook applications have spawned an entirely new industry. Most people think of Facebook as a place to reconnect with old friends, keep up on social events, or share the latest internet meme, but the reality is that it's contributed more than 15 billion dollars in wages and benefits to the US economy alone. And the number of people that use Facebook keeps growing and growing: for every person that was using Facebook 5 years ago, there are 44 new people today. That's staggering growth! If it were a country, it would be the third most populous, right behind China and India.

Sure, that's a lot of people, but how many of them use Facebook applications? Well, over 20 million applications are installed per day and the most popular applications have reached audiences of tens of millions of people, with one of the most popular apps reaching an audience of over 50 million!

Interested in cashing in on this market? Check out our recent webcast, “Build Facebook Apps in the Cloud with PHP” and learn how you can build innovative social applications with Platform as a Service.

You can learn more details about the astounding rise of the Facebook Application Economy in our infographic below. Check it out and let us know what you think!

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Courtesy of: Engine Yard


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