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breaking news Metaverse to grow data usage 20x in 10 years, Jio and Airtel to win: report

The transition from the digital ecosystem to the metaverse, where a person will feel immersed in a virtual world, will increase data usage around the world 20 times by 2032 and telecom operators Reliance Jio and Bharti Airtel are well positioned to benefit from the surge in India, Credit Suisse said in a report Thursday. The report indicates that the metaverse has huge potential to further increase screen time and increase bandwidth consumption.

“Internet traffic is already 80% video and has been growing at a CAGR (compound annual growth rate) of 30%. Our team predicts that even modest metaverse usage could drive an additional CAGR of 37% over the next decade for 20x current data usage,” the report states.

Augmented reality and virtual reality technologies are expected to boom as these are the technologies needed to access the metaverse.

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According to the report, while 5G will support the metaverse ecosystem, the emergence of 6G will enhance the use cases of the metaverse. He said that the gaming segment is one of the segments where the first use cases of the metaverse are expected.

The report mentions that gaming is in its infancy 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 primary means for Indian users to connect, given relatively low fixed broadband penetration. The share of mobile games in online games is expected to increase in the future,” the report said.

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

“While it is too early to determine the impact of the metaverse on Indian telco revenue, we believe that Jio and Airtel are well positioned to benefit from the metaverse-induced increase in data usage in the future. second half of this decade,” the report said.

The report forecasts fixed broadband penetration in India to increase to 9% in the current FY22E from 6.8% in FY2020.

“We expect penetration to increase further to 12.6% by FY25E, driven by continued demand for data and efforts by telecom operators to improve the utilization rate of their data infrastructure. fiber,” the report said.


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