Mobile gaming to shoot up by 266 per cent by 2017.
Emerging markets will see the growth in content and apps revenue within the next four years as mobile music, services and gaming become increasingly accessible to consumers.
These revenues have been predicted to skyrocket by $13.7 billion (84 per cent) to $30 billion between 2012 and 2017, according to Linklaters, Generation Next study.
The biggest upfront growth is expected to come from messaging and mobile money apps, forecast to grow from $12.9 billion to £18.2 billion (41 per cent).
Mobile gaming will have the steepest incline, growing a mind-blowing 266 per cent to $9.8 billion, and music which was expected to grow more, had a slower expansion rate but still increased by 197 per cent from $0.7 billion to $1.9 billion.
Julian Cunningham-Day, telecoms co-leader at Linklaters, said: "Mobile data access is set to drive huge growth in content and application services, however the next big wave of growth is dependant on unlocking profitability in areas which are not always easy to monetise."
The main emerging markets that will drive this increase identified in the report are China, India, Brazil, South Africa and Mexico.
China will be the main contributor accounting for $11.2 billion of content and applications revenue with the other growth markets making up 24 per cent combined.