Global Mobile Services Market Estimated to Grow at a CAGR of 2.26 % by the Year 2016

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MobileServicesHave you noticed how many times you see a mobile service advertisement while surfing the net or TV, reading a newspaper. Sometimes the visibility is much more than that of a mobile phone. Every day thousands of people buy mobile phones and with that they buy various service providers. Mobile services are a very competitive market, especially if you’re starting new. Some of the oldest providers in the market have managed to maintain their loyal customers by coming up with creative and innovative packages. Without mobile services mobile phones would be a waste. You could only use to click pictures, play games and use apps. An iPad could also do that, but calling people and sending messages is only possible with mobile networks.

People are so internet savvy now- a-days that they need internet connection even if they are on top of a hill. Every month with new mobile phones new network services are also coming up. These services are giving stiff competition to old services. The service providers are using latest technology to give cutting edge services to people.

A market research report states that the Global Mobile Services market is estimated to grow at a compound annual growth rate (CAGR) of 2.26 % by the year 2016. Some of the key players dominating the market are Vodafone Group PLC, Verizon Communications China Mobile Ltd Inc.; and. AT&T Inc., Mobile services in India are estimated to reach US$ 22.08 billion by the end of this year.

The mobile services market is growing every year. From making better internet services to cutting the call rates to a bare minimum, they would do everything that would make them the number one service provider.