By 2022, India is expected to transform into a Gigabit society where the businesses and citizens will equally get benefitted from the widespread faster broadband services
Smartphone users in India are likely to double and touch the 650 million mark by 2022 and average data usage to reach 18 GB a day in the country, business and management consulting firm EY said.
The advent of 5G technology that has the potential of faster data speed is likely to provide support to newer applications, help in cross-industry partnerships and imbibe innovative business models.
Average data usage to increase by five-fold
“By 2022, smartphone users are expected to more than double to 650 million, elevating average data usage by over five times to 18 GB per month,” said EY.
“By 2022, India is expected to transform into a Gigabit society where the businesses and citizens will equally get benefitted from the widespread faster broadband services and reliable performance provided by strong future-proof fixed as well as mobile technologies,” the firm said in a statement.
IoT to deliver key benefits
Internet of things (IoT) has potential to deliver key environmental and social benefits in sectors such as agriculture, healthcare, transportation, automotive, power and utilities, the statement stated.
The firm said that India can take a lead in the Fourth Industrial Revolution and added that the actual opportunity is to look ahead of the technology and explore ways to provide the largest number of people the capability to positively effect their families, communities and organisations.
Commenting on this, Prashant Singhal, Emerging Markets TMT Leader at EY, said, “At the back of this, India has the potential to unlock a trillion-dollar digital economy by 2022 and add up to 10 million jobs.”
A study by KPMG-IMC also highlighted the same scenario by stating that India’s digital economy is likely to touch $1 trillion by 2022 and $1.8 trillion by 2025. Mobile data usage in the country is likely to further increase by five times by 2023.