The report says the metaverse has huge potential to expand screen time even further.
New Delhi:
The transformation of the digital ecosystem to the metaverse, where one will feel immersed in the virtual world, will push the data usage to 20 times globally by 2032 and telecom operators Bharti Airtel and Reliance Jio are well-placed to benefit from an increase in India, a Credit Suisse report has said.
The report says the metaverse has great potential to further extend device usage time and drive more bandwidth consumption.
“Internet traffic is already 80% video and growing at a CAGR of 30% (compound year-on-year). Our team predicts that even modest use of the metaverse could drive a CAGR of 37. % more over the next decade to 20 times the current usage data,” the report said on Thursday.
Augmented reality and virtual reality technologies are predicted to explode as these are the technologies needed to access the metaverse.
According to the report, while 5G will support the metaverse ecosystem, the arrival of 6G will strengthen the metaverse use cases.
It said the games segment is one where early metaverse use cases are expected.
The report mentions that gaming is in its early stages in India and mobile gaming is being driven by mobile phones due to the emergence of affordable smartphones and 4G data services.
The report said: “Mobile internet remains an important vehicle for Indian users to get online, with relatively low penetration of fixed broadband. The rate of mobile gaming among the Online gaming is expected to increase in the future”.
The report adds that India is one of the top countries in the world in terms of mobile hours per day but has low fixed broadband penetration compared to other countries globally. this will be the key to unleashing the full potential of the metaverse.
“Although it is too early to determine the impact of the metaverse on Indian telecom companies’ revenue, we believe that Bharti Airtel (with 17% of revenue from fixed line) and Jio have enough capacity. ability to benefit from the increase in data usage due to the metaverse reported in the second half of the decade.
The report forecasts fixed broadband penetration in India to grow to 9% in FY22E from 6.8% in FY20.
“We expect penetration to grow further to 12.6% in 25E due to continued demand for data and push by telecom carriers to improve utilization rates of their fiber infrastructure.” them,” the report said.
