The Institute of India can reach 2 billion connections by 2022: Report

The IoT market could potentially reach 2 billion connections and unlock revenue of $ 11.1 billion by 2022 in India, and the country could bring a digital economy worth $ 1 trillion out of this timetable, an Assocham-EY report said.

The report also estimates that in India "five new mobile connections per second" will be connected to the internet by 2022.

"With the right mix of accelerators, including regulatory framework, government incentives and industrial co-operation, India can be promoted to a trillion dollar digital economy by 2022," said P Balaji, President of Assocham's National Telecommunication and Convergence Council statement Monday. He is also head of regulatory and corporate affairs, Vodafone Idea.

However, the Assocham-EY report called for timely rationalization of license fees, taxes and levies to promote investment and revitalize the financial health of the debt-ridden telecommunications sector in order to "exploit emerging technologies".

The Assocham-EY report also called for the rapid penetration of telecommunication towers in India to support 5G networks from their arrival in India, warning that this country is currently staying in the US, South Korea and China in terms of fiber optic connectivity .

A scarce 25% of the telecommunications towers in India, said, have fiber optics while the share in the US, China and South Korea is about 65-80%.

"There is a need to upgrade backhaul networks and feed at least 60% of mobile towers to support the 5G ecosystem," the Assocham-EY report said.

The report estimates that an additional 1 lakh telecommunication towers will be needed to meet the growing demand for data across India, especially as the emergence of new technologies is set to increase data consumption.

According to the report, high-speed fiber optic services (FTTH), according to the report, will represent the majority of fixed broadband connections by 2022 and in turn will meet the government's target of covering 50% of households.

However, it reiterated the challenges faced by telecommunications, which could slow down the creation of digital infrastructures, in particular due to the growing demand for 4G services and the telecommunication services that support 5G.

"The challenges for quasi-states are largely due to fragmented and non-uniform policies adopted by various states and local actors," the report said.

The Assocham-EY report also supports the "basic infrastructure condition" for telecommunications, which, he said, will promote ease in achieving business goals.