Thanks to the mobile consumer’s love for changing
tunes every few days, mobile operators are singing
all the way to the bank. Popularity of ringtones in
India cuts across all age groups. The frequency of
downloads varies from person to person, with some
subscribers changing ringtones every week, and teenie
boppers switching as often as twice or thrice a week.
Apart from mobile operators, music companies are also
reaping the benefits of this growing fad.
Internationally, the size of the market for mobile
ringtones is estimated to have grown from around $450m
in ’03 to $1.5bn in ’04. In India, though,
the ringtone market rang in a modest Rs 30 crore last
year. “During the current year, we expect the
ringtone market to grow by 55-65%”, according
to Praveen Rajpal, CEO, Handygo.
His Delhi based company is keeping pace with the rising
popularity for ringtones following its dreams of becoming
one of the world market’s 'big boys' - an ambition
that is not unfounded, considering its track record
for innovation and its knack for the business with
industry giants like Yahoo, Indiatimes, Rediff, IMIMobile
and Onmobile as its clients. A prominent player in
the field, it prides itself as India`s pioneer premier
mobile entertainment content provider and application
platform provider.
The services offered under the umbrella of Handygo's
Mobile Entertainment Universe currently include ringtone
(monophonic, polyphonic and true tones) and graphics
(animated sms, logos, wallpapers, funky sms and video
clips) downloads, SMS and Java-based games, subscription-based
content such as horoscopes, jokes, sports updates
as well as chat and dating services which are developed
in-house with one of world’s most efficient
team.
Handygo’s services are not confined to India
alone. More than 80 per cent of Handygo's business
in fact comes from outside its home base. The company's
offerings are available to a potential consumer base
to millions of mobile phone users spanning the key
markets of Middle East and U.K .It is also considering
capturing a share of the Europe and US mobile markets.