- 5G is likely to see widespread adoption in India by 2025
- India Inc. has the potential to unlock $48.69 billion through the deployment of 5G over four years
- IoT will be the most immersive, intelligent and inventive of all technologies
- The sectors that are likely to be the most disrupted by emerging technologies are retail, then financial services and technology
According to a recent report by KPMG, 5G is likely to add 0.35-0.5 per cent to India’s gross domestic product. It noted that India is expected to see a gradual migration to 5G by 2022.
5G is likely to see widespread adoption by 2025 in India. The report highlighted that India Inc. has the potential to unlock $48.69 billion through the deployment of 5G over four years.
Lot of opportunities for India
“India has never been more alive in the telecom and technology space. …with the mobile data explosion over the last few years, rapid migration of customers to 4G, the advent of 5G in 2022, and all the associated technological possibilities in the next few years, we couldn’t be poised at a more pivotal juncture,” said Satya Easwaran, partner & head – Telecom, Media and Technology sector, KPMG in India.
“India has made great strides in other aspects of internet inclusion such as regional penetration and gender parity parameters. However, in order to deliver value in the future, telecom operators will have to go beyond being the connectivity provider and become a trusted partner and platform providing value, services, and experiences to customers,” said Rajan S Mathews, director general, Cellular Operators Association of India.
Interestingly, the report mentioned that IoT will be the most immersive, intelligent and inventive of all technologies. It also ranked AI, AR/VR, cognitive computing and machine learning as the top technologies.
The sectors that are likely to be the most disrupted by emerging technologies are retail, then financial services and technology.