More specifically, there will be a compound annual growth rate (CAGR) of 10.3 per cent on the App Store, meaning that the storefront will generate $78 billion in 2025.
Meanwhile, Google Play will generate $60 billion with a CAGR of 13.3 per cent.
Overall, consumer spending on mobile games accounted for 66 per cent of global expenditure on smartphone storefronts.
However, that number will drop to 42 per cent by 2025 as non-gaming apps experience tremendous growth.
Moreover, it is believed that consumer spending on mobile apps will hit $270 billion come 2025.