Mumbai, India, November 14, 2010 --(PR.com
)-- The wireless subscriber base in India is expected to grow to one billion by 2014. Though this base is growing at a rapid rate, mobile service operators are facing the problem of falling Average Revenue Per User (ARPU) leading them to seek for alternate revenue streams to drive future growth. The search has halted with the discovery of mobile value added service (MVAS) and mobile commerce (m-Commerce).
IndiQuest Research conducted a study which reveals that MVAS and m-commerce in India could emerge as lucrative sectors due to factors such as increasing mobile subscriber base, higher disposable incomes, technological innovation, innovative service offerings and consumer preference. Today, consumers are seeking more than just basic services (voice services) from their service operators. The telecom companies, on their part, are attempting to develop offerings aimed at retaining existing customers as well as attracting new patrons. According to a Gartner Research, the Indian MVAS segment is expected to be worth USD 5.6 billion by 2011.
Mobile commerce is still at a very nascent stage in India compared to its Asian counterparts like Japan & China and Europe and the US. With increasing disposable income in India and a higher estimated GDP growth rate at over 7 percent in the next few years, m-obile commerce is set to take off in a big way. Mobile payments, mobile banking and mobile money transfer are the some of the key components of m- Commerce in India. The country has yet to unlock the huge potential in these segments. To put things into perspective, India received remittances of over USD 27 billion (INR 1203 billion) during April-September 2009 only and today we are equipped with the technology to facilitate these remittances using a mobile phone. This is only a glimpse of the immense oppurtunity that the mobile platform holds. In addition to this mobile payments, mobile ticketing, mobile banking and mobile coupons are other segments expected to grow at a robust pace.However, the industry is not bereft of challenges which stand in the way of its huge growth potential.
The Report, ‘MVAS and m-Commerce in India’, released by IndiQuest Research Services looks into the scope of growth potential of the Indian Telecom industry, Indian MVAS sector and Indian m-Commerce segment. The Report sheds light on the importance of telecom companies focussing on MVAS and m-Commerce. The various business models possible in m-Commerce are also discussed in detail with some case examples. The challenges with every business model are also looked at in detail in order to arrive at the best possible business model that could suit India.
With cut-throat competition in the sector, it is important for the companies to fully understand the existing potential in the market and accordingly formulate strategies. The ‘MVAS and M-Commerce in India’ report helps drive this point home flawlessly, giving vital insight into various strategic aspects like existing business models and case studies on some of the pilots conducted in the sector.
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About IndiQuest Research Services
IndiQuest is a provider of customised business research and analysis services. Our service offerings cover industries, sectors, companies and people across all verticals. The products range from market study reports, competitor reports and industry reports to company and people profiles. We also provide bespoke news monitoring services. IndiQuest has a team of skilled and qualified researchers and analysts with experience on diverse projects across several verticals. For more information about our offerings, please visit our website - www.indiquest.co.uk.
For views of the IQ Research Team, please visit our IQ Analysts weblog - http://indiquestresearch.blogspot.com
For further information, please write to firstname.lastname@example.org