Skip to main content

Mobile Video Services Market Demand Upside

Revenue from mobile video services is expected to top $2 billion worldwide in 2013, according to the latest market study by ABI Research. Video services included in this forecast are video telephony, video messaging, video sharing, video-on-demand, VoD downloads, and other related video services.

"Video services revenue will only amount to about $121 million this year," says senior analyst Mark Beccue. "But the growth curve is very steep indeed, and will only continue to accelerate through the end of our forecast period in 2015."

Video sharing will be a small portion of this revenue while video telephony, video messaging and video-on-demand applications will account for the majority of the market share.

Consumer appetite for mobile infotainment, sparked by the availability of 3G networks, is one of the main drivers for this market. This demand will only increase as Mobile Network Operators (MNO) move to 4G.

At the same time, the proliferation of connected mobile devices means more screens in the hands of wireless broadband access subscribers. Web 2.0 services, with their emphasis on real-time collaboration, communication and networking will also increase demand.

A few factors, however, do have the potential to limit this growth. The lingering global recession may affect consumption patterns, especially in industrialized nations. The popularity and adoption of OTT services provide intense competition for MNO-branded mobile video services.

There is still an insufficient range and variety of video-capable mobile devices. And, because this industry is still in its infancy, the service provider business models are still immature and imperfectly matched to consumer's preferences.

"MNOs mustn't settle for the role of undifferentiated mobile ISPs that manage dumb pipes," Beccue advises. "They should provide a variety of mobile video services and leverage strategic ecosystems until they upgrade their networks to provide quality video services. Partnering with device OEMs and software solution providers will help to optimize mobile devices. This will contribute to an already significant investment, but the rewards will be great."

Popular posts from this blog

Why Healthcare and Smart City Apps Drive 5G IoT

Fifth-generation (5G) wireless technology for cellular networks is a successor to fourth-generation (4G) wireless technology. By 2023, Juniper Research anticipates that there will be over 1 billion 5G connections globally. The technology will provide the data infrastructure for the advancement of wireless communications and for new developments in the Internet of Things (IoT) -- including smart cities and healthcare. 5G IoT Market Development According to the latest worldwide market study by Juniper Research, 5G IoT connections will reach 116 million globally by 2026 -- that's increasing from just 17 million connections in 2023. Juniper analysts predict that the healthcare sector applications and government or other smart city services will drive this outstanding 1,100 percent growth over the next three years. Juniper examined 5G adoption across key industry sectors -- such as the automotive, mobile broadband, and smart homes -- and forecasts healthcare and smart cities will accoun

How Savvy Leaders Re-Imagine Work in 2023

As we look to the year ahead, there will be significant challenges and opportunities facing the Chief Human Resource Officer (CHRO) role. In order to be successful, savvy HR leaders must be prepared to take proactive steps that adapt and evolve. "HR leaders have faced an increasingly unpredictable environment amid many organizations mandating a return to office, permanently higher turnover and burnt out employees," said Emily Rose McRae, senior director at Gartner . HR Innovation Market Development One of Gartner's key predictions for 2023 is that the use of artificial intelligence (AI) and automation will continue to increase within the enlightened digital workplace. This transition will require HR leaders to develop new skills and competencies in order to effectively manage and lead teams that are increasingly relying on these enabling technologies. Additionally, HR leaders will need to ensure that their organizations are investing in the necessary infrastructure and re

Top 10 CFO Priorities Require Rethinking Finance

The Chief Financial Officer (CFO) role is essential to digital business growth. While CFOs do not get closely involved in the tactical details of the digital transformation of their functions, they still recognize its strategic importance. According to the latest survey by Gartner, CFOs are faced with the challenge of balancing the need for substantive digital business innovation with financial cost control and risk management. "CFOs will be stretched thinly across many activities in 2023. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with," said Marko Horvat, vice president at Gartner. Survey Findings: The Top Ten Priorities Cost Optimization - Cost reduction remains the top priority for CFOs as they look for ways to cut costs and improve efficiency in their operations. This includes identifying cost-saving opportunities through automation, outsourcing, and business process improvement. Business Continuity - The global C