SCOTTSDALE, Ariz. -- Although still in the early stages of deployment, IP video services in Asia Pacific are ramping up and will grow by nearly 80% annually through 2010, reports In-Stat. In-Stat forecasts that by 2010 this market's revenue will reach $4.2 billion. China, Japan, India and South Korea will account for the majority of regional growth, the high-tech market research firm says.

"Increasing broadband penetration gives telcos the opportunity to leverage their investment in broadband networks while broadening their service offerings, " said Bryan Wang, In-Stat analyst. "But deployment, launch and marketing strategy specifics are largely still on the drawing board for quite a few carriers."

A recent report by In-Stat found the following:

The report, "Asia Pacific IP-Based Video Services Market Analysis" (#IN0502384ACM), covers the IP video services market in the Asia Pacific region including Japan, South Korea, China, Australia, Hong Kong, India, Indonesia, New Zealand, Philippines, Singapore, Taiwan, and Thailand. It includes analysis of market drivers and challenges, and forecasts for IP video revenue by country through 2010.

In-Stat