Online content to generate $6.5bn in APAC by 2013
March 5, 2008
An ABI Research study on online content usage in the Asia Pacific region (APAC) forecasts that online media activities in the region will deliver at least $6.5 billion in annual revenues by the end of 2013.
“Telcos now regard media and entertainment as an effective means of replacing their declining voice revenues in a market where VoIP, IPTV, and fixed-mobile substitution are rapidly growing in popularity,” says ABI Research analyst Serene Fong.
Japan is currently leading the legal content revenue market in APAC and is expected to continue doing so, growing at a 6 per cent six-year compound annual growth rate. But ABI Research also notes that while the prospects for the legal online content market are very good, the birth of high-speed connectivity has also inadvertently given rise to P2P file-sharing sites that have perpetrated widespread content piracy.