5G-adoption readiness in India twice that of the UK and the US: Report
According to a report released by Ericsson ConsumerLab, India's readiness to adopt the forthcoming 5G network is twice that of other regions across the world such as the UK and the US, with over 100 million smartphone users ready to upgrade to the 5G network by 2023. In urban India, the intention to upgrade to 5G is twice as high as in markets where 5G has already been released, such as the UK and the US. Over the last two years, India has seen a threefold increase in the number of smartphone users who hold 5G handsets.
In the next 12 months, 59% of all smartphone users in the country want to upgrade to 5G. According to the report, 36% of these 59% plan to churn to the top provider of the 5G network when it is available.
Health and fitness, 360-degree live video streaming, cloud gaming, 5G TV Package, virtual meeting space, immersive education, best-seat event experience, interactive calling, location-based AR shopping, and VR shopping are some of the other services that Indian consumers want to access via 5G. According to the survey, people who anticipate 5G carriers to innovate are willing to pay a 45% premium for a package if their expectations are satisfied.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.