5G will be important in making a trillion dollar digital economy
The country recorded a 31 per cent growth in 4G mobile data usage as the number of mobile broadband subscribers increased from 345 million to 765 million in 2021. 5G can play an important role in making India a trillion dollar digital economy by 2025. This has been said in a report.
Mobile data consumption per user 17 GB per month
This has been revealed in the Nokia Annual Mobile Broadband Index Report 2022. The report said that India has become one of the most data-using countries in the world with a year-on-year growth rate of 53 per cent in the last five years. The increasing number of data users and consumption per user are helping this country to move forward towards realizing the vision of Digital India. It said that data traffic grew by 31 percent in the year 2021 with the average mobile data consumption reaching 17 GB per month per user.
India’s growing 4G network will handle almost all mobile broadband traffic in 2021. According to this report, more than 40 million subscribers were added or upgraded to 4G services in the year 2021. This number will further increase as digitization continues. The traffic in metros has increased significantly as compared to earlier.
The rise in 4G enabled devices is fueling the growth in 4G users and data consumption. India has recorded sales of over 160 million smartphones including 30 million 5G devices in 2021, the highest ever. Active devices with 4G are more than 80 percent, while the number of devices with 5G has crossed the 10 million mark.
5G will increase revenue by 164 percent
The report estimates that revenue from 5G services is expected to grow at a rate of 164 per cent over five years. This is in line with the global consumption of 5G. The technology is expected to contribute $130 trillion to global GDP or revenues of up to one percent by 2030 and will have unique uses in a variety of sectors, including health, utility services, next-generation media applications, manufacturing and smart cities. cases will be governed by
According to the report, the short video segment can contribute 20 percent of the digital advertising market in India and is expected to reach $25-30 billion by the end of 2030. The Indian Gen Z spends an average of eight hours a day online. 90% of internet users in India prefer to consume content in their local language. Innovation, digitization will dominate the 5G use cases in India and mobile broadband penetration is estimated to reach 80 per cent with the average usage being 40 GB.