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The
year 2008 holds great promise for the MVAS industry in India.
Two key focus areas of this year will be the launch of 3G
and the Advent of Mobile Advertising in the country.
The
much anticipated 3G will bring with it the stage, set for
the entry of Mobile Advertising, creating a flawless marketing
medium that allows you to reach consumers in a way that genuinely
interests them.
Upcoming
in 2008
The
Industry is awaiting its share of changes that will come its
way in the year ahead. 2008 will witness trends that are bound
to change the entire MVAS game, offering opportunities that
will need to be capitalized on. In times like these, only
players with the ability to scale, who have established and
consolidated their stronghold in the industry will be able
to survive and thrive in this highly competitive and burgeoning
MVAS space.
The
introduction of 3G technology will see services like Video
Streaming, Video Caller Ringback Tones (CRBTs) and Wireless
Teleconferencing gaining popularity.
Increased data connectivity will increase the consumption
of content on mobile, expanding the market enough for the
content companies to reach out to the customers on their own,
if the risk of disintermediation can be worked out.
Increased
data connectivity will increase the consumption of content
on mobile
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The
beginning of this transformation is already evident in the
deals being made by companies like People Infocom (Mauj Mobile).
The company is counted amongst India's leading MVAS providers
and has inked deals that substantiate its expertise as an
end-to-end Mobile Solutions Company. Their recent undertakings
include, associations with Eros studios to repurpose film
content for the mobile, and managing ESPN's direct-to-consumer
wireless portal on a managed services model.
Mobile
Advertising is another area that will see a promising year
ahead. While the current scenario for Mobile Advertising in
the country lacks a much needed push, interesting concepts
like AdverGaming are fast gaining significance. People Infocom
has worked on games for MTV UK and Sony Ericsson on the same
lines.
The
Future for Mobile Music
Mobile
Music is a part of the Mobile Entertainment Industry. Entertainment
and Telecommunications are the two important industries that
converge to form this burgeoning sector. Each of these worlds
in India are at present faced with immense opportunity, and
that translates into an even bigger prospect for the Mobile
Music space in particular.
The
mobile music market in India is at present valued at approximately
Rs 1650 crore and is growing at an estimated CAGR of 40-50%.
Fuelling
this growth rate, are the opportunities presented by the sheer
size of the Indian market and the colossal Indian music and
film industry itself. The introduction of 3G technology later
this year will only facilitate a better way to reach a mass-market
audience in a country of more than one billion inhabitants.
Better
accessibility and a penetration rate of around 18% has helped
Mobile Music surpass Online Music sales in India. Online Music
makes up less than 5% of the digital market in India, while
Mobile music covers the rest.
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