Now Google’s Android Market will be called as Google play.With Google market also selling things like ebook , music and movies hence the name was changed.
Google’s Android Developer’s blog describes the changes:
Today we’re launching Google Play, an integrated destination for apps, books, movies, and music, accessible to users on Android devices and to anyone on the Web. Users everywhere can now find their favorite apps and games in Google Play, with other digital content, all in one place.
With 850,000 android devices activated per day Google market is very important for them.