5G Market in India 2020

admin — Sat, 12 Sep 2020 05:25:39 +0000

Market insights
The fifth-generation cellular or 5G network technology is predicted to accelerate the digital growth of India. Ultra-fast speed, high bandwidth and low latency of 5G are envisioned to fuel the digital transformation of the country. In India, the commercial launch of 5G is expected to transpire in late 2020. The 5G market in India is projected to be valued at INR 32.43 Bn by 2020 and is estimated to reach INR 19,053.09 Bn by 2025, expanding at an exceptional compound annual growth rate (CAGR) of 96.69% during the 2021-2025 period. The auction of 5G spectrum by TRAI was scheduled in the second quarter of 2020; however, it has been postponed until late 2020, owing to the COVID-19 pandemic.
Potential applications of 5G:
Sustainable pricing of spectrum, stable policy and regulatory landscape, and innovative use cases are estimated to be key enablers accelerating the growth of the 5G market in India. Agriculture, automotive, manufacturing, healthcare, energy & utilities, and media & entertainment are likely to be the potential end-user industries of 5G. It is expected to revolutionize the agriculture industry through high-speed data transfer in agricultural drone, smart irrigation, precision farming, and monitoring of soil, crop and livestock.
In the automotive industry, 5G is expected to fast track the implementation of connected cars, V2X (vehicle to everything), autonomous driving, and smart transportation system. The manufacturing industry is predicted to leverage 5G in connected and smart factories, synchronized planning, smart supply-chain network, and smart logistic operations. Furthermore, 5G is likely to digitally transform the healthcare industry through the application of internet of medical things (IoMT), connected healthcare, patient data management and online consultation.
5G is expected to find extensive use in smart cities. The major smart city applications of 5G are anticipated to be smart utility management systems, smart grids and metering systems, smart traffic management systems, smart traffic lights, video surveillance and analytics, and waste management.
Market influencers:
India has been the largest consumer of data in the world. The country accounted for the consumption of 11 GB data per month per user, on an average. The existing broadband technology falls short to meet the soaring demand owing to lack of adequate infrastructure. 5G has enormous potential to accomplish the various gaps of the existing 4G LTE technology like low mobility speed, high latency and capital intensive deployment. 5G has high data speed, which improves mobility and user experience. Furthermore, the less than one millisecond latency satisfies the acute criteria of industrial and IoT applications. Furthermore, the highly reliable and secured 5G network is crucial to support the budding IoT landscape in India. The mass adoption of IoT devices and applications is projected to foster the 5G market in India.
The commercial launch of 5G is thwarted by high price of 5G spectrum, high CAPEX, lack of infrastructure and data security concerns. The pricing of the 5G spectrum recommended by TRAI is exorbitant as compared to the international market, challenging the financially struggling Indian telecom industry. The 5G infrastructure requires fiberized towers, network densification and specialized base station, leading to gigantic CAPEX investments for telecom players. Vodafone Idea Limited, Bharti Airtel Limited and Reliance Jio Infocomm Limited together would require a capital expenditure of around INR 2.1 Tn over the next five years for 5G infrastructure.

Impact of COVID-19:
The crisis caused by the COVID-19 pandemic has delayed the 5G roll out plan in India. The 5G spectrum auction, which was scheduled in June 2020, has been postponed. Furthermore, 3GPP has also delayed the release of 5G standards. This in turn, has led layers to stall the production of infrastructure equipment and devices. As a result of the delay in 5G spectrum auction, companies like Samsung and Oppo have launched their recent products without 5G support in India, while the same devices have 5G support features in other country markets. Although the launch has been delayed, the market witnessed a sharp rise in the demand for high-speed data amid the pandemic. An exponential rise in data traffic, the requirement of seamless network connection for remote working and penetration of IoT devices are projected to mark a positive impact of the 5G market amid the pandemic.
Competitive landscape
Telecom operators in India have been keen to harness the 5G opportunity. Strategic collaboration with equipment and infrastructure vendors have been a major focus of telecom companies. Bharti Airtel Limited established strategic alliances with international vendors like Nokia, Ericsson, Cisco, IBM and Red Hat over the recent past to build 5G infrastructure. Vodafone Idea Limited has entered a multi-year agreement with Ericsson to deploy 5G-ready wireless equipment in India. On the other hand, Reliance Jio Infocomm (Jio) has been strengthening the development of indigenous end-to-end 5G technology.

Companies covered
5G service providers
• Bharti Airtel Limited
• Bharat Sanchar Nigam Limited
• Reliance Jio Infocomm Limited
• Vodafone Idea Limited
Infrastructure equipment vendors
• Cisco Systems, Inc.
• Ericsson
• Huawei Technologies Co., Ltd
• Nokia Oyj
• ZTE Corporation

The post 5G Market in India 2020 first appeared on CRI Report.

Global Mobile Location-Based Services Market (2018 – 2023)

admin — Sat, 12 Sep 2020 05:17:06 +0000

Mobile location-based services (mobile LBS) have become an essential service enabler in smartphones, and are used mainly for navigation and location-based queries. Recent developments in positioning technologies, and improved data transmission through edge computing, cloud computing, and 5G, will aid its growth to reach approximately USD 86.0 Bn by 2023, expanding at a compounded annual growth rate (CAGR) of 24.6% during the 2018-2023 period.
Application segment insights:
Location-based advertising is one of the major applications of mobile LBS that has been witnessing growth over the last decade. The development and increasing use of beacons, geo-fencing, and geo-tagging for digital and proximity marketing have ensured the highest CAGR (27.2%) for this segment. Mapping and navigation is the most used service in mobile LBS, and this segment held the largest market share (28.4%) in 2018, followed by the social networking and entertainment, and local search and information segments. The business information and analytics segment is expected to expand at a CAGR of 26.2%, owing to increased use of data analytics and technological advancements in the retail, BFSI and transportation and logistics segments.

End user industry segment insights:
Industries such as retail, healthcare, transportation, travel and tourism, and BFSI are utilizing the power of mobile LBS to enhance digital experiences among customers. As one of the early adopters of mobile LBS, the retail industry dominated the market with a market share of 33%, owing to extensive use of mobile LBS in digital marketing and proximity-based advertising. Similarly, the widespread use of mobile LBS for navigation, way-finding, and asset tracking enabled the transportation segment to have the second-highest market share (26%) in 2018. The travel and tourism industry is expected to witness the highest growth rate (CAGR 27.3%) as a result of the increasing popularity of LBS-enhanced travel apps among regular travelers. The integration of mobile LBS with existing travel apps has a lot of growth potential in developing, as well as developed countries. The healthcare segment is expected to witness a lot of growth in Europe and the Asia-Pacific regions over the next few years.

Location of interest segment insights:
Currently, the physical location segment enjoys the highest market share globally (58%) because mobile LBS is primarily based on the real-time physical location of subjects. However, with the development of technology and marketing strategies, the adoption of proximity LBS through beacons, Wi-Fi, and Bluetooth are increasingly becoming popular in developed countries like North America and Europe, and the Asia-Pacific region. As a result, the proximity to locations of interest segment is anticipated to expand at a CAGR of 26.3% during the forecast period.

Regional insights:
North America was the market leader in mobile LBS with a share of approximately 44% in 2018. Increased smartphone penetration, advanced data transmission techniques, and new positioning technology ensured its position. Asia-Pacific is anticipated to witness the highest CAGR (27.6%) during the forecast period due to the increased use of mobile LBS, and high technology adoption rates in this region. Europe, however, may experience a setback, owing to strict government policies regarding privacy.

Companies covered:
• Google Inc.

• Near Corporation

• Groundtruth

• Place IQ

• Telenity

• Foursquare

• Uber

• Groupon

• Facebook

• Baidu Inc.

The post Global Mobile Location-Based Services Market (2018 – 2023) first appeared on CRI Report.

telecommunication – CRI Report

5G Market in India 2020

Global Mobile Location-Based Services Market (2018 – 2023)