Indian telecom industry to grow by $12.5 billion every 3 years: Deloitte-CII study | Daily News Byte

A study published on Thursday said that with the advent of 5G, around 90% of consumers will seek a digitally enhanced shopping journey, whether they do so at home, via mobile or in a physical location.

The report identified 5G as a path to India’s self-reliance that will accelerate economic growth, increase employment opportunities and connect urban and rural populations.

Peeiush Vaish, Partner and Telecom Sector Leader, Deloitte India said, “With the right mindset and technological prowess, India’s telecom industry can use 5G to accelerate the country’s economic growth and resilience. 5G is also expected to empower organizations to act on rich data sets in real time, offering unprecedented visibility, insight and control over assets, products and services. We also expect an increase in demand for private networks in Indian industries as they realize the benefits of moving to 5G.”

The report emphasized that 5G will drive efficiency in critical sectors, such as energy, healthcare and agriculture, a step in the direction of not only commercial considerations but also social outcomes.

Combined with ultra-low latency and high data transfer speeds, 5G is expected to create avenues of collaboration and alliances, as well as encourage India to reimagine a whole new way of engaging with the new, faster, more agile digital world.

Vaish added that newer trends will emerge such as smartphones becoming larger and thinner, possibly more foldable or expandable.

“Given the built-in 5G hardware, we will see technology summarizing the world in our hands via smartphones that seamlessly transforms reality into virtual reality,” the report’s findings said.

Digital experiences will transform traditional shopping behavior and the focus will be on providing an enhanced customer experience by combining the benefits of physical stores with immersive shopping platforms.

As telecom companies continue to strengthen their 5G capabilities and build robust infrastructure, various state governments are gearing up to adopt 5G connectivity for good governance, the report said.

In addition, granting spectrum licenses to non-telcos will help promote non-public tethered networks that would not only benefit large telecom and technology companies, but also strengthen India’s startup ecosystem by enabling them to work as system integrators for enterprises and manage their 5G private networks, it says.

Deloitte expects a surge in private network requirements across Indian industries as the benefits of the switch are realized, ultimately solidifying the telecom story for B2B enterprises.