The average data traffic per smartphone in the India region is the second highest globally. It is projected to grow from 20GB per month in 2021 to around 50GB per month in 2027 – a CAGR of 16 percent.
Notably, mobile networks in India continue to play a pivotal role in driving social and economic inclusion, as service providers in India prepare to launch 5G this year. India’s first 5G spectrum sale is scheduled from July 26,
As per the report, 4G is the dominant subscription type driving connectivity growth in India. While 4G contributes around 68 per cent of the total mobile subscriptions in India, its contribution is expected to drop to 55 per cent in 2027. 4G subscriptions are forecast to decline annually to an estimated 700 million subscriptions in 2027 as subscribers migrate to 5G post introduction of 5G in India.
Total mobile data traffic in the India region is estimated to grow by a factor of 4 between 2021 and 2027. This is driven by high growth in the number of smartphone users and an increase in average usage per smartphone,” said Dr Thiaw Seng Ng, Head of Network Evolution, SEA, Oceania and India, Ericsson.
The average data traffic per smartphone in the India region is the second-highest globally. It is projected to grow from 20GB per month in 2021 to around 50GB per month in 2027 – a CAGR of 16 per cent.
Meanwhile, the study further reveals that more than half (52 per cent) of Indian enterprises want to start using 5G within the next 12 months. A further 31 per cent expect to use 5G by 2024. The top-ranked benefits of 5G are superior network performance enabling automation and new ways of working.
The study notes that quality of experience rather than price drives customers to buy 5G, changing the competitive dynamics of India’s telecoms market. The top 5G use cases that enterprises identify are enhanced content streaming, real-time video analytics and control of autonomous vehicles and drones.
According to the research , North America is forecast to lead the world in 5G subscription penetration in the next five years with nine-of-every-ten subscriptions in the region expected to be 5G by 2027.
Crypto and volatility are two terms that go hand-in-hand. The global cryptocurrency market is slowly on its way to recovery with Bitcoin rebounding the $20,000 mark. The crypto market cap has increased by more than 2 per cent to $902 billion in the last 24 hours, according to CoinMarketCap data at the time of writing. The world’s largest crypto Bitcoin had hit an all-time 18-month low, whereas Ethereum witnessed a more than 55 per cent drop. However, this is not the first time that cryptos have witnessed a massive drop. Today, we list out all the times cryptocurrencies witnessed volatility since 2019.
Investors had two favourite coins—Bitcoin and Ethereum. As per the Coinmarketcap tracker, Bitcoin was in the dominant category alluring over 65 per cent of investors. Ethereum also garnered quite a bit of investors for cryptos. Little did investors know about the upcoming crash.
The Covid induced second wave finally hit the crypto maket. On March 13, Bitcoin dropped below $4000 by more than 50 per cent since 2019, as per Coindesk. Other cryptos also dropped at the same time—Ethereum lost 46 per cent and XRP fell by 40 per cent.
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