Global Market for Mobile Video Services to Reach US$30 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Mobile Video Services market. Global market for mobile video services is projected to reach US$30 billion by 2017, primarily driven by factors such as continued deployment of high-speed mobile networks, increasing availability of sophisticated mobile phones that enable users to download and play videos, introduction of economical data plans by service providers and growing popularity of social networking sites among mobile users. Robust demand from developing markets such as Asia-Pacifica and Latin America also augurs well for the market.

Mobile Video Services: A Global Strategic Business Report

Follow us on LinkedIn - Entertainment services over mobile devices potentially generate several billions of dollars for service providers, worldwide. Despite the fact that ringback tones and ringtones continue to be substantial revenue generators for mobile service providers, other services such as gaming, full-track music, video and TV services are emerging as lucrative market segments. Buoyed by the huge demand for data communications from mobile users in both business and consumer markets, content providers, right from independent content developers to large-scale movie studios are beginning to develop applications, music, games movies and videos especially for mobile devices. Not surprisingly the use of mobile devices is extending beyond the traditional communication functions to embrace novel concepts such as mobile videos, and games. Mobile video segment especially is gaining tremendous popularity over the last few years. Despite being a small market, mobile video services continues to grow, with video-on-demand, video telephony and video messaging capturing a significant share of the market’s revenue. With Internet providing a large number of video services, and service providers increasingly willing to offer these services on mobile devices, video is rapidly making inroads into the mobile arena across the geographies.

The impact of the 2007-2009 recession, in retrospect, reveals a market that has withstood the recessionary pressures largely as a result of the continued growth in sales of mobile video capable smartphones and increase in the number of phones supporting 3G and other faster networks based on High Speed Packet Access (HSPA). Consumer interest on downloading and streaming mobile video and mobile TV content remained largely unchanged during the recession period, proving that ‘quality entertainment’ was left uncompromised even amidst tight economic conditions.

Consumer spending on choicest of mobile videos largely remained intact despite the witnessed reduction in household wealth, low consumer confidence, reduced discretionary spending, and lower new application development efforts. In other words, served right on to consumer handsets, mobile video services allow users to cut down traveling expenses and provide an alternative to other expensive entertainment options, such as, public movie screenings and live sports action and therefore are best for entertainment in a weak economy. Continued interest shown by wireless carriers on data centric services, particularly for utilizing their networks optimally and improving their ARPU by offering value added content to cost conscious customers, also boosted prospects for mobile video services market during the period, as the same resulted in increased promotional activity and more attractive pricing options for mobile TV and video services. With mobile users graduating towards a richer, and more sophisticated mobile experience, the market for video delivery has and will continue to remain opportunity-rich, and dynamic.

Growth in the market, although stabilizing, will nevertheless be driven by introduction of novel video services, particularly the highly popular content on YouTube and growing adoption of live TV services such as live news, weather forecasts and music programs. Improvements in quality of content, content protection and delivery frameworks are expected to boost market prospects for mobile video services over the next few years. Increased use of mobile videos by companies as a platform to advertise their products and services augur well for the market. Widespread availability of sophisticated mobile devices supporting mobile video downloads and streaming and ongoing deployment of advanced mobile networks will also boost the adoption and consumer spending on various mobile video services.

Introduction of economical and flexible data plans by service providers will attract many new users to the market, thereby increasing revenue making opportunities. Widespread deployment and availability of 3G mobile network infrastructures across the world will continue to drive adoption of video services over mobile. With mobile network operators making active efforts to move towards 4G technology, which promise faster connectivity, higher bandwidth and superior capabilities and enable the service providers to offer a range of video services to mobile users, the popularity of mobile video services is expected to increase further.

As stated by the new market research report on Mobile Video Services, Asia-Pacific represents the largest regional market worldwide. Asia-Pacific is also the largest regional market for mobile video services in terms of subscription. Rapid proliferation of 3G enabled handsets, introduction of 3G services in major nations such as China, and India and growing popularity of mobile video services such as mobile video sharing, mobile video communication and mobile TV are primary factors driving accelerated adoption of mobile video services in these markets. Streaming Services represent the largest service segment in the US mobile video services market. Growth in the market is particularly driven by increased advertising of subscription-based streaming video services in the nation. Multicast Video Services market represent the fastest growing service segment in the US mobile video services market with revenue waxing at a CAGR of about 38.7% over the analysis period.

Major players in the marketplace include AT&T, Dialogic Corporation, Dilithium, Google Inc., MobiTV Inc., Nokia Corporation, PacketVideo Corporation, Phunware Inc., Qualcomm Incorporated, QuickPlay Media, RealNetworks Inc., ROK Broadcasting Corporation Limited, Sprint, Verizon Wireless Inc., Vuclip, and Yamgo.

The research report titled “Mobile Video Services: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of current market trends, key growth drivers, recent industry activity, and profiles major companies worldwide. The report provides market estimates and projections for mobile video services across all major geographic markets, including the US, Europe, Asia-Pacific and Rest of World. The study analyzes the US market in terms of revenues for segments - Downloadable Video Services, and Multicast Video Services.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Mobile_Video_Services_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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