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IoT Market in India to Reach 2 Billion Connections by 2022: Study

ASSOCHAM and EY have jointly conducted a study which says that the Internet of things (IoT) market can potentially reach a whopping 2 billion connections and unlock $11.1 billion of revenue by 2022 in India.

The report, also estimates, that in India “five new mobile connections per second” will plug on to the internet by 2022, and the country will emerge as a $1 trillion digital economy by that timeline..

The report titled “Propelling India to a trillion dollar digital economy: Implementation roadmap to NDCP 2018”. The report outlines immediate interventions and medium to long term endeavours required to implement the vision and strategy of this transformative policy. The report assesses the need for future ready infrastructure and collaborative efforts required to expedite digitally secure universal connectivity to the citizens of India. P Balaji, Chairman of Assocham’s National Council on Telecommunications & Convergence said “With the right mix of accelerators – including regulatory framework, government incentives and industry collaboration; India has the potential to unlock a trillion dollar digital economy by 2022.”

The Assocham-EY report called for early rationalisation of licence fees, taxes and levies to promote investments and revive the financial health of the debt-laden telecom sector to be able “to harness the emerging technologies”. There is a need to upgrade backhaul networks and fiberise a minimum 60% of mobile towers to support the 5G ecosystem,” the Assocham-EY report said.

High-speed fibre-to-the-home (FTTH) services, according to the report, will account for majority of the fixed broadband connections by 2022, and in turn, realise the government’s target of covering 50% households. The report says that an additional 1 lakh telecom towers will be required for meeting the growing demand for data across India, especially since the emergence of new technologies is set to drive up data consumption.

The key recommendation for Connect India  include fast track apporvals and rationalising costs for Right-of –Way (RoW) to promote ease of installing telecom infrastructure, availability of adequate  backhaul spectrum(E and V bands), and provide incentive for rollout and sharing of telecom infrastructure. Fibre will be critical for strengthening networks and backhaul. There is a need to create a common duct policy for deploying telecom infrastructure and enhance the scope of IP-I providers.

“The newly announced NDCP 2018 seeks to propel India to digital leadership and support India’s transition to a digitally empowered economy and society by fulfilling the information and communication needs of citizens and enterprises by establishing a ubiquitous, resilient and affordable digital communications infrastructure that will help India become a trillion dollar economy” said Aruna Sundararajan Chairperson, DCC & Secretary (T), Department of Telecommunications, Government of India.

(Image Courtesy: www.news.sap.com)

 

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