Mobile video to be a $2 billion market by 2013
A new report by ABI Research predicts that mobile video services will exceed $2 billion in revenue in 2013, a significant increase over the $121 million market forecast for this year. ABI classifies “video telephony, video messaging, video sharing, video-on-demand, VoD downloads” and other services in the category.
The researchers expect video telephony, messaging and video-on-demand to account for the majority of the overall growth in the market:
“Consumers’ appetite for mobile infotainment, sparked by the availability of 3G networks, is one of the main drivers for this market. This will only increase as MNOs [mobile network operators] move to 4G. At the same time, the proliferation of connected mobile devices means more screens in the hands of subscribers. Web 2.0 services, with their emphasis on real-time collaboration, communication and networking add fuel to the fire.”