The world is more connected now than ever before. As more devices are connected on the internet, there is a distinct need for innovative and flexible data solutions.
Continuous innovations in access technologies are urging service providers, such as fixed line, mobile, Wi-Fi and WiMAX operators, to quickly adapt to offer exciting and competitive internet broadband solutions to cater to the ever changing needs of the different market segments.
Additionally, the user is redefining the term mobility every day with smarter access devices. Service providers are required to provide an un-interrupted connectivity to meet these growing demands of mobile users at work, home or on-the-go, across various networks and access-devices such as laptops, mobile phones, or smart TVs, etc. leading to network convergence.
On the other hand, mobile money is enabling banking and financing systems in the developing world via mobile wallets, which will continue to be more inclusive. New devices and solutions to seamlessly collaborate with the various players in the mobile financial services ecosystem, including banks, billers, merchants, payment gateways and merchant websites, and will deliver an enhanced user experience over the mobile.
While Brazil will be the fastest growing mobile market in Latin America, Nigeria and Kenya are the fastest developing mobile markets in Africa.
Zunder Lekshmanan is the CTO of Mahindra Comviva.