Indian telecom industry to grow by US$ 12.5 billion every three years: Deloitte-CII study

According to a Deloitte-Confederation of Indian Industry (CII) Study, the Indian telecom industry is expected to grow by US$ 12.5 billion every three years. Apart from that, the Augmented Reality (AR) and Virtual Reality (VR) market is also expected to reach US$ 1.6 billion by 2025.

With the emergence of 5G, around 90% of consumers will focus on the digitally enhanced shopping experience.  Mr. Peeyush Vaish, Partner and Telecom Sector Leader, Deloitte India, said, “with the right mindset and technological prowess, the Indian telecommunication industry can use 5G to accelerate economic growth and resilience in the country”. 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. We also expect a surge in the requirement for private networks in Indian industries once they comprehend the benefits of shifting to a 5G network."

The report asserted that 5G will drive efficiency in critical sectors like energy, healthcare, and agriculture and newer trends will also emerge. Additionally, 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 said.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.