NEW YORK, May 19, 2014 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ: RNWK) is a leading global provider of network-delivered digital media applications and services that make it easy to manage, play, and share digital media. In addition, RNWK also develops and markets software programs and services that enable the creation, distribution, and consumption of digital media, including audio and video. The company operates through three segments: RealPlayer Group, Mobile Entertainment, and Games; and owns approximately 45% of the digital audio music service Rhapsody which was initially formed in 2007 as a joint venture between RNWK and MTV Networks.
Through all of the company's business segments, it appears as though RNWK is betting big on mobile. Growth in mobile will undoubtedly affect each of their segments from digital streaming (i.e. music) to cloud storage to games.
A report from Generator Research estimates that the number of streaming users will grow to 1.7 billion in 2017 from 767 million in 2013, while paid subscribers will increase from 36 million today to 125 million, and generate almost $3 billion in revenues by 2017. Separately, the cloud storage market is expected to grow to almost $57 billion by 2019 from less than $14 billion this year – a compound annual growth rate (CAGR) of 33%. Lastly, it is estimated that the global mobile games market will double in size until 2016 and reach $23.9 billion, which works out to an impressive CAGR of 27.3%.
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