India to Unlock USD 11.1 billion IoT ecosystem Revenue by 2022

Internet of Things (IoT) in India has the capacity to reach an estimated 2 billion connections, unlocking revenues of USD 11.1 billion by 2022, according to a new report titled “Propelling India to a trillion dollar digital economy: Implementation roadmap to NDCP 2018”, by EY,  in collaboration with ASSOCHAM.

However, The National Digital Communication Policy (NDCP) 2018 is planning to push IoT and growth of emerging technologies further in India which can,

• Reach 5 billion connected devices as a part of the IoT ecosystem
• 10 million public wi-fi hotspots
• 50% households with fixed broadband access with 50Mbps universal broadband connectivity
• Push and accelerate the transition to Industry 4.0
• Roadmap for emerging technologies and its use in the communications sector, such as 5G, AI, Robotics, IoT, Cloud Computing and M2M
• Simplifying licensing and regulatory frameworks
• Laying the foundation and ensuring appropriate security frameworks for IoT/ M2M / future services and network elements
• Earmarking adequate licensed and unlicensed spectrum for IoT/ M2M services

Connect, Propel and Secure India, is the mission of the National Digital Communication Policy (NDCP) 2018. In India, NDCP aims to power online growth and connectivity by 2022. Members of the ASSOCHAM National Council on Telecom and Convergence provided key inputs on the current scenario and requirements to meet the NDCP 2022 objectives. The inputs have been backed by extensive secondary research, analysis, and insights by EY.

The report said, "The path for digital has been laid. It is now a matter of “how fast”, and not “when”, the country achieves what the policy has envisioned for India by 2022."

Key Highlights from the report that will propel the growth of IoT in India include,

• India is the largest consumer of data globally, surpassing China, USA and Japan. 
• Together, consume over 2,360 Petabytes of data via mobile telephony every year, equivalent to data stored in 526 million DVDs! 
• Nearly 82% of this data consumption is on 4G technology. 4G data has shown 135% growth and 3G data has shown 286% growth in CY17 vs CY16. 
• India has also become the second largest market for smartphones in the world, with over 456 million smartphone users. 
• LTE capable devices have touched 218 million. Last year 9 out of 10 smartphones sold were 4G capable. Data Usage per subscriber per month moved from 3G to 11Gb since migration from 3G to 4G technology.
• Over 100 major global smartphone brands are present in the Indian market. 
• Commercial 5G launch targeting M2M/ IoT is expected in India by 2020.
• The market for online education is expected to grow to USD 1.96 billion by 2021.
• NDCP 2018 envisions to propel India towards a US$1 trillion digital economy by 2025
• 76 PB of data is consumed per day followed by 69 PB data by China and 53 PB of data by the USA