User generated demand, new, efficient technologies and the Beijing Olympics will push the sales of mobile video phones to nearly $125 billion by 2010, according to a report, "Mobile Video Phones, Services, and Subscribers," released by Infonetics Research.
According to the reports findings, the worldwide sale of mobile video phones in 2006 was close to $58 billion.
Infonetics forecasts an explosive growth in mobile video subscribers from a few million in 2006 to 58.6 million in 2010.
Drivers for this strong growth identified by the study include increasingly powerful and efficient phones and the analog broadcast signal switch-offs.
"Despite some concerns around the business plan and subscriber take rates, major service providers continue to move forward with their mobile video network rollouts. They're taking advantage of spectrum availability, thanks to the switch-off of analog TV broadcasting networks, and the pressure to get services rolled out before next year's Summer Olympics in Beijing and the European Soccer Championship," said Jeff Heynen, directing analyst for broadband and IPTV
"In addition, governments are very quickly lining up behind various mobile video technologies to help facilitate deployments, with the EU's endorsement of DVB-H and the Chinese government's sponsorship of CMMB being the two most visible efforts," Heynen added.
P.R. Sai is a contributing writer for TMCnet. To see more of his articles, please visit his columnist page.