A new report by Juniper Research predicted that the annual revenues for mobile Web 2.0 services will be worth $18.9 billion (£12.5 billion) by 2014.
The research claimed that the growth of presence-enabled communities, such as mobile VoIP, will be the main driver of the market.
In addition, the rapid expansion of social web, which includes innovations such as social networking, user-generated content and professional applications, will aid the sector's growth, while the study also highlighted the role of geolocation is playing in furthering the popularity of the mobile Web 2.0 market.
Ian Chard, the report's author, said: 'A confluence of Web 2.0 concepts and end-user behaviour exploiting both the web and the mobile phone as delivery platforms is driving mobile web adoption and shaping industry development.'
Earlier this month, Juniper Research claimed that the worldwide mobile retail market is expected to be worth more than $12 billion by 2014, as smartphones are increasingly used to facilitate one-to-one marketing.
The research claimed that the growth of presence-enabled communities, such as mobile VoIP, will be the main driver of the market.
In addition, the rapid expansion of social web, which includes innovations such as social networking, user-generated content and professional applications, will aid the sector's growth, while the study also highlighted the role of geolocation is playing in furthering the popularity of the mobile Web 2.0 market.
Ian Chard, the report's author, said: 'A confluence of Web 2.0 concepts and end-user behaviour exploiting both the web and the mobile phone as delivery platforms is driving mobile web adoption and shaping industry development.'
Earlier this month, Juniper Research claimed that the worldwide mobile retail market is expected to be worth more than $12 billion by 2014, as smartphones are increasingly used to facilitate one-to-one marketing.
