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Video is set to be a $1 trillion Market for Telcos

According to a recent report by the Chinese communications infrastructure maker Huawei, Video will account for 50% of all mobile revenues by 2020. The company states that video has $1 trillion revenue opportunity for the telecommunications operators, with entertainment video accounting to $650 billion of this.

The remaining $368 billion revenues will go to industry video as well as telecommunication video if the telcos position themselves correctly. The company also stated that video will account for half of the mobile revenues by 2020, up from just 25% in 2016.

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