Research presented at a recent London briefing hosted by Futuresource Consulting and the MHL Consortium shows spending on digital content is growing in all forms of entertainment and 30% of UK smartphone owners stream video to their mobile phones.
October 8, 2012 (Newswire) - The 'Conencted Consumer' event hosted by Futuresource at the Soho Hotel in London focused on the latest trends in mobile connectivity and was attended by nearly 40 prominent industry executives, representing companies from content, broadcast, hardware, operator and retail sectors.
"Mobile video usage continues to accelerate and this is where MHL technology and its capabilities make a difference," said Judy Chen, president of MHL, LLC. "Consumers want to connect their home, portable and mobile CE devices together now more than ever before, providing content companies, service providers and hardware vendors with new revenue opportunities. With the increase in accessibility to content and the advent of next-generation LTE network speeds, MHL technology can be a true enabler and differentiator for both device platforms and content and service providers."
"The explosion of device uptake, both now and in the future, will be a key driver in the growth of digital content consumption, providing consumers with a whole choice of access points," said David Sidebottom, senior market analyst - content, Futuresource Consulting. "This, combined with increased content availability and who and how the consumer shares these experiences, will define the content everywhere movement."
Key Futuresource data and forecasting presented by David Sidebottom at the event included:
- 30% of UK smartphone owners (13m) stream video to their mobile
- 50% of the $8 billion consumer apps global spending is on gaming
- At the end of 2011 there were over 35 million smartphones in use in the UK
- By 2016 there will be nearly 20 million tablets in use in the UK
Streaming Media Europe, 15-17 October 2012
Futuresource Consulting is a media partner for Streaming Media Europe, covering both technology solutions and business models for online video. Streaming Media Europe is the conference and expo that covers the entire range, from encoding and transcoding, to corporate and marketing video, to over-the-top delivery, giving you everything you need to make sense of the options, strategies and opportunities available to your organisation.