The Rise and Impact of Mobile Applications by Large Telecommunications Companies
Mobile applications by large telecommunications companies have become increasingly popular, offering a range of services under one interface. While these platforms can simplify life for users, they may also hinder innovation and growth for small and medium-sized enterprises (SMEs) and startups.
Centralization of services can create an ecosystem that monopolizes user attention, making it challenging for SMEs and startups to gain visibility and compete with the giant platforms. Without significant support, these smaller businesses may struggle to make a mark in the market.
However, this does not necessarily mean that centralization is inherently bad. Collaboration between large companies and SMEs/startups could lead to innovative solutions and growth opportunities. Offering APIs or providing space for emerging businesses can help bridge the gap and stimulate innovation.