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Internet of Things to unlock revenues worth $11.1 billion by 2022

ZeeBiz WebTeam | Dec 26, 2018, 12:10 PM IST

In a hyper-connected India, Internet of Things (IoT) has the potential to reach an estimated 2 billion connections, according to a joint study by Assocham-EY. The joint report highlights that while India holds huge potential, this promising market currently lags behind the US, China and South Korea in connectivity via the optical fiber. As demand for 4G and subsequently 5G grows, networks will become "denser and deeper" making fiberisation an imperative, the study said. 

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New mobile connections

New mobile connections

5: New mobile connections per second are estimated to join the power of the internet in 2022. (Pixabay)

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Household connections

Household connections

50%: Households are likely to be connected through fixed broadband. (Pixabay)

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Revenues from IoT

Revenues from IoT

$11.1 billion: Revenues can be expected by 2022 from IoT with a reach to 2 billion connections. (Pixabay)

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India versus US, China

India versus US, China

25% of telecom towers in India carry optical fibre whereas 65-80% carried in the US, China and Korea. (Pixabay)

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Towers needed to be fiberised

 Towers needed to be fiberised

60% of towers will need to be fiberised by 2022, as outlined in National Digital Communications Policy (NDCP) 2018, notes the study titled 'Propelling India to a trillion dollar digital economy'. (Pixabay)

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Additional telecom towers

Additional telecom towers

1 lakh: Additional telecom towers will be required to meet the growing demand for data across the country. (PTI)
 

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Mobile towers needed to upgrade

Mobile towers needed to upgrade

60%: Mobile towers needed to upgrade backhaul networks and fiberise to support 5G ecosystem. (Pixabay)