The growth in mobile phones has been explosive to say the least. There are now more than 5 billion mobile phones connected to the net. With the added ability of browsing and social networking through smartphones, mobiles have not only become ubiquitous but also indispensable. What makes a cell phone so irresistible is the fact that we have wireless mobility coupled with the power of the internet wherever we go and whenever we need. Smartphones is one of the recent examples of disruptive technologies. Nowadays a cell phone is not bought because of its radio reception or antenna but for the slew of apps available for it. There are many competing technologies in the mobile app space that are vying for user attention. The following 4 technologies in the mobile space are here to stay with us for a long time. These technologies are a) Bluetooth b) Near Field Communication (NFC) c) Location Based Service (LBS) 4) Value added services target for commerce known as m-Commerce Bluetooth enables applications to share photos, videos, songs and other media between 2 mobile phones and between mobile phones and other devices like the laptop, car and probably the TV. It is relatively short range and now enables hands free operation of phones enabling car drivers to have conversation while driving. Near Field Communication (NFC) has been going through a lot of hiccups because it is a technology that requires a consensus to be reached between handset manufacturers, banks, credit card companies and retail stores. However it is recently showing traction and may soon become a popular technology in all smartphones. NFC allows users to receive discount coupons when they travel near retail stores. It will also enable users to receive movie clips or posters. Location Based Service (LBS) is another technology with a lot of promise. The mobile phone can be made to SMS’es to friends if they are near each other. People belonging to a group may be informed of others in the same group attending a concert or a movie. Location based service could automatically let you know if restaurants or gas stations close by. There is an enormous amount of innovative services that can be based on location. Already Foursquare has integrated LBS with social networks. Value Added Services : There are several new value added services in areas like mobile banking, mobile ticketing, and mobile commerce. The ability to pay bills through mobile phones instead of having to carry credit cards is going to be the technology of the future. These are some of the technologies in the mobile space that hold a lot of promise for the future.