Technology Industry
Industry: Email Alert RSS FeedInternet video services offer billion dollar opportunity, according to IDC.(MARKET INTELLIGENCE)
Optical Networks/WDM, April, 2006
Internet video services are on the brink of becoming a mainstream phenomenon in the United States. According to a new forecast from IDC, Internet video services will generate over $1.7 billion in revenues by 2010, an increase of more than $1.5 billion from 2005 totals. Much of this growth will be fueled by a surge in the amount of premium content made available online.
However, IDC cautioned that the market's potential could be dampened by key technical and legal hurdles. The market for Internet video services began its dramatic acceleration in 2005 as content owners, once unwilling to offer their products online, started to experiment with digital distribution as a way to complement and enhance their existing business models and to stem illegal P2P...
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