India - Fixed Broadband, Digital Economy and Digital Media - Statistics and Analyses
India's fixed broadband market remains highly under-developed due to the dominance of the mobile platform and in turn by the uptake of mobile broadband. Fixed broadband penetration is expected to grow at a moderate rate over the next five years to 2022 from a very small base.
The digital economy will help the country align to its goals of expanding the wider Indian economy as well as enhancing jobs. Sectors such as communications, including telecoms, IT services, eCommerce, FinTech and electronics manufacturing, are growing at a good pace.
In 2017 India was the fastest growing eCommerce market globally however India will take more than 10 years to reach the level of the US and China markets in online retail. About 70 percent of our population still lives in tier III cities and beyond.
There are several trends in the Indian online education segment that are contributing to the growth opportunities ahead. These included a continuous need for working professionals to learn new skills as well as the emergence of technologies such as big data and artificial intelligence that is enabling online education vendors to design customized content.
Video will remain the main driver for online content consumption. Increased uptake of VOD and catch-up TV, short format and original local video content along with high 4G data speeds will drive mobile data consumption.
The Reserve Bank of India drafted guidelines that allows for direct money transfers between the apps of different mobile wallet providers. IoT focus areas will include agriculture, health, transportation, security, automobile, and smart cities. Video will remain the main driver for online content consumption. Fixed broadband penetration is expected to grow at a moderate rate over the next five years to 2022.