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Mobile Industry Sees Revenue Growth Despite Financial Crisis

Mobile Industry Sees Revenue Growth Despite Financial CrisisThe mobile market is heavily counting on a revenue growth notwithstanding the impact of recession to the business industry. 
 

According to a report by the Mobile Entertainment Forum Business Confidence Index (MEF BCI), an increase of 28 percent in revenue for mobile content will be seen next year. 

 

"In spite of an incredibly difficult economic landscape, the prediction for average revenue growth in the mobile content sector is up one per cent on the annual growth prediction from the last BCI to 28 per cent. This echoes the finding that 81 per cent of respondents are as confident about the future of their organisation as they were at the end of last year," said MEF global chair Andrew Bud.

 

One of the contributing factor to the mobile industry’s growth is social networking. The surging popularity of smartphones was also cited as another reason why the industry is gaining favorably amidst economic crisis.  

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