Pretty much everyone who knows much about WordPress could probably tell you that the plugin industry is pretty sizable. There's millions of them out there, and a good number that are extremely well-known and widely used.
But there's probably few of them that would guess its worth over a billion dollars. The article below details why the industry is worth so much, and why it can be such a lucrative market to get into.
I participated in the Prestige Conference in Las Vegas. It was a very memorable experience because I got to meet with businesses thought leaders in the WordPress ecosystem.
One of the main panels that I was in, focused on the addressable market of WordPress. Questions like, “How big of an opportunity is WordPress?”, and “How much money can be made from the ecosystem?” were discussed in great length.
WooCommerce is a great example of how a WordPress focused company can become a BIG and successful business. But is there room in the ecosystem for a billion dollar startup company?
Read the full article: 540 million Active Plugins Makes #WordPress a Billion Dollar Market