Video Messaging To Hit $10 Billion In 2012: Report

ABI Research has predicted that mobile video messaging will grow at an annual compound growth rate of nearly 60 percent, to hit $10 billion in 2012. Back in August it predicted that video messaging, video calling and video sharing would be a $17 billion business by 2012. It’s a pretty high growth rate prediction, and unsurprisingly ABI expects the industrialized parts of the world with the highest concentration of video-capable handsets to see the greatest uptake, but said other countries where social network sites are popular could also see a boom. (release)

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