Mobile video messaging worth $10 billion in 5 years' time

The money made from mobile video messaging services is expected to rise by an average of 60% per year between now and 2012, according to ABI Research, hitting $10 billion (£4.9 billion) in 5 years' time. It says mobile video messaging is is in the right place to take advantage of increased mobile device capabilities and consumers’ desire to stay in touch using more than just voice. [Press release]