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Over the last few years, data traffic over cellular networks has seen an exponential rise, primarily due to the explosion of smartphones, tablets, and laptops. This increase in data traffic on cellular networks has caused an immediate need for offloading traffic for optimum performance of both voice and data services. As a result, different innovative solutions have emerged to manage data traffic. Some of the key technologies include Wi-Fi, femtocells, and IP flow mobility. The growth of data traffic is also creating challenges for the backhaul of cellular networks; therefore, solutions such as core network offloading and media optimization are also gaining popularity. This article aims to provide a survey of mobile data offloading technologies including insights from the business perspective as well.