Telecom industry to grow by US$ 12.5 billion every 3 years

India’s telecom industry is expected to grow by US$ 12.5 billion every three years, according to a report by Deloitte and the Confederation of Indian Industries. Additionally, the market for Artificial Reality/Virtual Reality (AR/VR) technologies is expected to reach US$ 1.6 billion by 2025.

According to the report, 90% of consumers will be looking for a digitally enhanced shopping journey from all environments after the expansion of 5G. The new generation of mobile networks is expected to accelerate economic growth, increase job opportunities and connect the urban and rural populations. 

Experts said that 5G is also expected to empower organizations to act on rich datasets in real time, offering unprecedented visibility, insights, and control over assets, products, and services. Additionally, they said that Indian industries will increase their demand for private networks after shifting to 5GWith ultra-low latency and high data speeds, 5G is expected to drive efficiency in critical sectors such as energy, healthcare and agriculture. 

Traditional shopping behaviours will transform digital experiences for customers, where the benefits of physical brick-and-mortar stores get combined with immersive shopping platforms. 

Smartphones are expected to become bigger and slimmer and more foldable or expandable in the future.

While telecom companies continue to strengthen their 5G capabilities and build a robust infrastructure, various state governments are gearing up for the adoption of 5G connectivity for good governance, the report added.

Source: Mint