IDC forecasts explosive growth in online video services. The current $200 million market with grow to $1.7 billion by 2010, says IDC analyst Josh Martin, as reported on Indiantelevision.com.
From the report:
"In order to sustain the momentum gathered in 2005 and maximise opportunities for success, content owners and service providers will need to overcome several important problems, including licensing issues, inadequate video search, competitive challenges, and the issue of how to move content beyond the PC. IDC believes that companies involved from the creation to distribution of content will have to partner with others across the value chain to create appealing, flexible services that will evolve into viable businesses."
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