The transition of the digital ecosystem to the metaverse, where a person will feel immersed in a virtual world, will drive data usage across the world 20 times by 2032 and telecom operators Bharti Airtel and Reliance Jio are aptly to benefit from the boom in India. is kept. Credit Suisse said in a report on Thursday.
The report states that Metaverse has great potential to further increase screen time and increase bandwidth consumption.
“Internet traffic is already 80 percent video and growing at 30 percent CAGR (compound annual growth rate). Our team estimates that even modest metaverse usage could grow at 37 percent CAGR over 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 to reach the metaverse.
According to the report, while 5G will support the Metaverse ecosystem, the arrival of 6G will increase the use of Metaverse.
It said that the gaming segment is one of the segments where the metaverse is expected to have early use cases.
The report mentions 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.
The report said, “Mobile Internet continues to be the dominant medium for Indian users to go online, given the relatively low fixed broadband penetration. The share of mobile gaming in online gaming is expected to increase in the future.”
The report noted that India is one of the world’s leading countries in terms of number of hours spent on mobile per day, but fixed broadband penetration is low compared to global counterparts, making it difficult to realize the full potential of the metaverse. will be important.
“While it is too early to determine the impact of the metaverse on the revenues of Indian telcos, we believe that Bharti Airtel (with 17 per cent of revenue from fixed line) and Jio are well positioned to benefit from the growth in data usage driven by the metaverse. in the latter half of this decade,” the report said.
The report plans to increase broadband penetration in India to nine per cent in the current fiscal year 22E, from 6.8 per cent in FY20.
“We expect continued demand for data and pressure from telcos to improve utilization rates of their fiber infrastructure will increase penetration by 12.6 per cent in FY25E,” the report said.
This story has been published without modification in text from a wire agency feed. Only the title has been changed.
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