Analysys: US mobile media and entertainment market to see stronger growth from 2010 onward
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According to the latest research from Analysys, revenue from mobile media and entertainment (MME) services in the US will more than double during the next five years. Last year, U.S. MME services (excluding messaging, and mobile browsing and data charges) generated a total of $3.1 billion. Analysys forecasts that revenue will grow to $6.6 billion in 2012, at a compound annual growth rate of 16.3%. The strongest growth, however, will not occur until after 2010, as the technical and market environment for MME services improves. Key trends that are driving market growth include:
- Improvements to service accessibility
- Wider availability of content, driven in part by higher-generation network and device penetration
- Improvements to service usability
- Simplified and more attractive pricing of MME content and applications, as well as mobile data access
- U.S. spending on mobile content set for growth
- Generation Y to drive the mobile banking growth in the U.S.
- Juniper Research: Mobile music, games and TV to generate $34 billion by 2010
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- Mobile voice volume will overtake fixed in Western Europe by mid-2008
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