IoT to unlock revenues worth $11.1 billion by 2022

In a hyper-connected India, Internet of Things (IoT) has the potential to reach an estimated 2 billion connections, according to a joint study by Assocham-EY

5 – new mobile connections per second are estimated to join the power of the internet in 2022

50% – of the households are likely to be connected through fixed broadband

$11.1 bn – of revenues can be expected by 2022 from IoT with a reach to 2 billion connections

The joint report highlights that while India holds huge potential, this promising market currently lags behind the US, China and South Korea in connectivity via optical fibre.

25% – of telecom towers in India carry optical fibre whereas

65-80% – is carried in the US, China and Korea

60% – of the towers will need to be fiberised by 2022, as outlined in the National Digital Communications Policy (NDCP) 2018, notes the study titled 'Propelling India to a trillion dollar digital economy'.

1 Lakh –  additional telecom towers will be required to meet the growing demand for data across the country

60% – of mobile towers needed to upgrade backhaul networks and fiberise to support 5G ecosystem

As demand for 4G and subsequently 5G grows, networks will become "denser and deeper" making fiberisation an imperative, the study said.