Mumbai: Telecom companies, under pressure from low tariffs and slow growth of infrastructure, can turn to new business opportunities to spur growth, according to a Deloitte India report.
Titled “Technology, Media and Telecommunications Predictions 2017”, the report identifies major growth opportunities in Internet of Things, Software as a Service and biometric verification, among others.
“With growth in data and more people on the same networks, there is need for a bigger (data) highway,” Hemant Joshi of Deloitte said. “With such competitive pricing, from where is the money going to come? It will come from new applications and new technologies,” he added.
Joshi heads the media and telecom teams at Deloitte India.
The report predicts that India will soon be a global hub for Internet of Things (IoT) solutions, spurred by government efforts under the Smart City and Digital India initiatives.
Deloitte says the market will be valued at $9 billion with 1.9 billion connected units installed by 2020.
“IoT devices are proliferating and are being used currently in sectors such as logistics”, Joshi said. “Telcos, which provide the heart of IoT, will need to be competitive and provide both low and high spectrum connectivity.”
Commercial IoT devices that transmit short amounts of data over a long period of time typically need lesser spectrum to communicate even as they preserve battery life. The report predicts that operators will start experimenting with modems suited to such IoT devices.