The transition of digital ecosystem to metaverse, where a person will feel immersed in a virtual world, will push data usage by 20 times across the globe by 2032 and telecom operators Bharti and are suitably placed to benefit from the surge in India, Credit Suisse said in a report on Thursday.


The report said metaverse has enormous potential to further expand screen time and drive more bandwidth consumption.





“Internet traffic is already 80 per cent video and has been growing at a 30 per cent CAGR (compound annual growth rate). Our team projects that even modest metaverse usage could drive a further 37 per cent CAGR in the next decade to 20x current data usage,” the report said.


Augmented reality and virtual reality technologies are expected to see a boom as these are the technologies that are required for accessing the metaverse.


According to the report, while 5G will support the metaverse ecosystem, the emergence of 6G will enhance metaverse use cases.


It said the gaming segment is one of the segments where early use cases of metaverse are expected.


The report mentioned that gaming is at an early stage in India and mobile gaming is being driven by mobile phones due to the emergence of affordable smartphones and 4G data services.


“Mobile internet remains the key medium for Indian users to go online, given relatively low fixed broadband penetration. The share of mobile gaming in online games is expected to increase in future,” the report said.


The report added that India is one of the leading countries in the world in terms of number of hours spent on mobile per day but it has low penetration of fixed broadband compared to global peers, which will be key to realise the full potential of metaverse.


“While it is too early to determine the impact of metaverse on Indian telcos’ revenues, we believe Bharti (with 17 per cent of revenues from fixed line) and Jio are well placed to benefit from surge in data usage driven by metaverse in the latter half of this decade,” the report said.


The report projects fixed broadband penetration in India to increase to nine per cent in the current fiscal 22E from 6.8 per cent in FY20.


“We expect the penetration to increase further to 12.6 per cent by FY25E driven by continued demand for data and telcos’ push to improve utilisation rate of their fibre infrastructure,” the report said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Leave a Reply

Your email address will not be published.