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For telecoms firms like Vodafone and France Telecom, it's the innovation they hope may finally enable them to steal a march on Apple and Google who dominate the mobile market with devices, applications and software.The telecom companies have suffered for years from the "dumb-pipe" phenomenon whereby operators spend billions building the networks on which Elsa Peretti Open center cuff travels, only to watch Google and Apple pocket the profits as smartphone and tablet computer users download millions of applications and ring up transactions.Eye-watering amounts of money are at stake in this new market - it is estimated at $1.13 trillion (703.04 billion pounds) globally by IE Market Research. One in every six phones will be equipped with the new technology by 2014, according to Jupiter Research.
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