The Mobile Entertainment Forum (MEF) has launched its first quarterly Business Confidence Index for the global mobile entertainment industry. In general the members surveyed were bullish for the $32 billion industry, predicting on average a revenue growth of 27 percent for 2009. Companies in emerging markets such as China and South America were the most optimistic, with respondents predicting growth in excess of 50 percent in both regions. Those surveyed weren’t too concerned about the credit crunch, with over half of the respondents saying they saw mobile entertainment as a ‘feel good’ affordable purchase and it would therefore be resilient to the effects of the downturn. Jobs are also pretty secure in the sector (assuming that the predictions are correct) with 88 percent of respondents saying they thought their company’s headcount would either remain stable or grow in the next quarter. The top five areas of growth were predicted to be: Social Networking, Music, Video, Games and Infotainment.
(release)
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