—We charted some 1,115 transactions in the mobile sector over the past three years, for a total of $343 billion of investment and M&A activity—much of it in content, software and services. While there has been a slowdown in activity, deals are still getting done—and for good reason: There is no question that mobile is the next disruptive technology.

—-Video usage should increase dramatically as the experience is improving daily, but concern and confusion about cost and hardware could mute near-term growth.

—The economic downturn could hamper the ability of the carriers to increase their average revenue per customer, but it could push more consumers to become wireless-only customers.

—While mobile advertising and marketing have yet to live up to expectations, we think this is a platform that can do well near-term as marketers seem to be embracing its lower out-of-pocket cost combined with targeting capabilities. We like the local play, as well.

To purchase the full report, visit here. Lauren’s previous reports can be viewed here.