Mobile application are set to reach five billion within five yeare according to ABI Research. This is an increase from an estimated 2.3 billion applications downloaded in 2009.

The growing adoption of smartphones, such as Apple's iPhone, which saw sales rise 20 percent in 2009, as well as the proliferation of application stores, are the major drivers for this expansive surge.

"The iPhone's share of the app market will contract from its 2010 level during the latter part of the forecast period, but it will remain the leading platform for applications," said wireless research associate Bhavya Khanna.

"The big beneficiary will be Android, which will see its market share of total application downloads increase from 11 percent of the market in 2009 to 23 percent in 2014.