According to a new study from ABI Research, the market value for mobile video telephony services including video mail, video calling, and video sharing services, will grow from $1 billion in 2007 to more than $17 billion by 2012, a CAGR of 74 percent.

 “The Web 2.0 phenomena and sites that allow posting of mobile video will increase demand for mobile video services,” said principal analyst Dan Shey, in a prepared statement.

“However, global demand inhibitors include income levels, messaging and video viewing alternatives, and handset capabilities. And then there is the uncertainty factor for operators of video services on network utilization which will affect their promotion and pricing strategies.”