Revenues from mobile location-based services in Europe to reach Euros 274 million in 2005
"Revenues from mobile location-based services (LBS) in the European market will grow by 153 percent during 2005 to reach Euros 274 million, according to a new report from the research firm Berg Insight. For the coming five years, the average annual growth rate is expected to be 83 percent. Johan Fagerberg, senior analyst at Berg Insight, explains why the market now is finally taking off. 'This year we have begun to see the expected shift in revenues from voice to non-voice services in the mobile industry. Increasingly user friendly handsets paired with a more mature approach to content services create the right conditions for launching new offerings on the market'."