By 2023, M2M connections will be 25 percent of the total devices and connections: Cisco
The new Cisco Annual Internet Report predicts that India will have over 907 million internet users by 2023, accounting for 64% of the population. In India, devices and connections are growing faster (7 percent CAGR) than the population (1.0 percent CAGR). This trend is accelerating the increase in the average number of devices and connections per household and per capita. Each year, various new devices in different form factors with increased capabilites and intelligence are introduced and adopted in the market. A growing number of M2M applications, such as smart meters, video surveillance, healthcare monitoring, transportation, and package or asset tracking, are contributing in a major way to the growth of devices and connections. By 2023, M2M connections will be 25 percent of the total devices and connections.
“As digital literacy, mobile penetration, and internet connectivity grow deeper into the hinterland, a massive shift will be created in internet usage and consumption patterns across the country. This rise in connectivity and changing consumption patterns will challenge service providers’ ability to service their customers in an optimal manner. Flatter and more secure networks leveraging cloud and edge computing, as well as automation to manage the ever-expanding network, is essential for them to keep pace in the digital world. Service providers and enterprises will continue on the journey towards software-defined everything and edge computing to lower their overall cost per bit and provide the best customer experience,” said Anand Bhaskar, Managing Director, Service Providers Sales, Cisco India and SAARC.
Other highlights of the report are –
- In India, there will be 907 million total Internet users (64% of population) by 2023, up from 398 million (29% of population) in 2018.
- In India, there will be 966 million total mobile users (68% of population) by 2023, up from 763 million (56% of population) in 2018.
- 66 percent of the global population (5.3 billion people) will be internet users by 2023.
- 66% of all networked devices will be mobile-connected (3G and below, 4G, 5G, or Low Power Wide Area [LPWA]).
- There will be 67.2 million total 5G connections by 2023 (4.9%), One in twenty connections will be 5G
- In India, there will be 2.1 billion networked devices by 2023, up from 1.5 billion in 2018, (7% CAGR)
- In India, there will be 1.4 billion mobile connected devices by 2023, up from 1.1 billion in 2018 (4.2% CAGR).
