Billions of Dollars Lost Through Mobile Data Revenue Leakage
The premium mobile content industry is incurring billions of dollars in lost revenue through insecure transaction processing, a problem that could reach more than $18 billion by 2009, according to a study authored by market strategy consultancy iGillottResearch. The study examines the mobile content market worldwide and finds that network operators will lose a staggering 18.3% of their total revenues in 2005, or more than $5.6 billion.