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Mobile video is exploding. According to Cisco, mobile video will grow at a compound annual growth rate of 131% between 2009 to 2014 as people access more YouTube, Netflix and high-bandwidth material on their mobile devices.

But imagine what will happen to mobile streaming video as the next generation of high-speed wireless networks and devices become the norm.

Live video broadcasting service Ustream.tv will announce tomorrow that live feeds on the company's website and distributed video players got a combined 10 million unique viewers last month. If those numbers are solid, it's a major validation of live streaming video on the web.

When YouTube Live launches later this year, this medium is only going to get bigger.