The global market value for mobile video telephone services, including video mail, video calling and video sharing, will grow to more than $17 billion by 2012 from $1 billion in 2007, according to ABI Research's "Mobile Video Communication Services" study.
That is a combined annual growth rate of 74 percent.
"The Web 2.0 phenomena and sites that allow posting of mobile video will increase demand for mobile video services," said Dan Shey, a principal analyst at ABI.
"However, global demand inhibitors include income levels, messaging and video viewing alternatives, and handset capabilities."
ABI projects that industrialized regions of North America, Western Europe and Asia Pacific will account for 90 percent of the video services revenues.
Developing regions also have room for growth,
"The biggest opportunity for carriers in developing world countries is with video messaging services," Mr. Shey said.
"With more people migrating and immigrating to find work, video messaging can be the service that provides a rich form of communication for social and familial connectivity."
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Mike is a staff writer for WebProNews.
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