Metaverse: Data Usage Will Increase 20 Times In 10 Years, Huge Impact And Tremendous Growth Will Be Seen In Gaming Industry In India

Agency, New Delhi.

Published by: Yogesh Sahu
Updated Sat, 19 Feb 2022 04:40 AM IST

Summary

Videos in countries around the world, including India, already account for 80 per cent of Internet traffic, growing at 30 per cent annually. We estimate that the use of even modest metaverses can drive data usage up to 20 times over the next 10 years. Telecom companies will benefit the most from this.

hear the news

Digitization is rapidly changing the world, with the role of the metaverse increasing. Due to the rapid changes in the digital ecosystem due to the metaverse, by 2032, i.e. in the next 10 years, the use of data worldwide will increase by 20 times.

Credit Suisse said in a report that the metaverse has great potential to increase usage time and bandwidth (maximum rate of data transfer) consumed by devices such as smartphones, televisions or video game consoles.

Video traffic already accounts for 80 percent of the flow of Internet traffic, growing at an annual rate of 30 percent. We estimate that the use of even modest metaverses can drive data usage up to 20 times over the next 10 years. Telecom companies Reliance Jio and Airtel will benefit the most from this.

5G will help
It has been said in the report that when 5G services will be launched in India, it will help the metaverse a lot. After the arrival of 6G, it will accelerate further. It said that the biggest impact of the metaverse in the early days could be seen on the gaming industry. Gaming in India is still in its early stages, with the metaverse expected to grow exponentially.

screen time will increase

India is one of the countries that spend more time on mobile every day. After the arrival of Metaverse, the screen time of Indian will increase more than before. This will also affect the earnings of telecom companies. From this, Jio and Bharti Airtel (17% earnings from fixed line) will benefit the most.

Fixed broadband subscriber growth
The use of fixed broadband is increasing rapidly in India. Fixed broadband subscribers were 6.8 per cent in 2019-20, will increase to 9 per cent in 2021-22. By 2024-25, this figure will cross 12.60 percent.

what is metaverse

  • This is a 3D virtual reality. It is based on Augmented Reality and Virtual Reality.
  • With the help of this technology, a person can completely enter the virtual world and he starts feeling the virtual world as real.
  • With the help of Metaverse, you can experience whatever you really want to do in the virtual world.
  • With its help, you can have tea and coffee with your friend in the virtual world, who are thousands of kilometers away from you.
  • It is called the future of social media. Recently Facebook changed its name to Meta.

Expansion

Digitization is rapidly changing the world, with the role of the metaverse increasing. Due to the rapid changes in the digital ecosystem due to the metaverse, by 2032, i.e. in the next 10 years, the use of data worldwide will increase by 20 times.

Credit Suisse said in a report that the metaverse has great potential to increase usage time and bandwidth (maximum rate of data transfer) consumed by devices such as smartphones, televisions or video game consoles.

Video traffic already accounts for 80 percent of the flow of Internet traffic, growing at an annual rate of 30 percent. We estimate that the use of even modest metaverses can drive data usage up to 20 times over the next 10 years. Telecom companies Reliance Jio and Airtel will benefit the most from this.

5G will help

It has been said in the report that when 5G services will be launched in India, it will help the metaverse a lot. After the arrival of 6G, it will accelerate further. It said that the biggest impact of the metaverse in the early days could be seen on the gaming industry. Gaming in India is still in its early stages, with the metaverse expected to grow exponentially.

Source link

Leave a Comment