Half of all Indian cos set to boost ICT budget post 5G rollout: KPMG study

The report adds that over 85% of Indian enterprises from various sectors are expecting up to 20% return on investments made in 5G and industry 4.0 use cases

Around 50 per cent of Indian enterprises are set to increase their budget allocation for Information and Communications Technology (ICT) and industry 4.0 use cases, as 5G services roll out in the next 2-5 years, says a KPMG India report released on Sunday.

The report adds that over 85 per cent of Indian enterprises from various sectors are expecting up to 20 per cent return on investment (ROI) in 5G and industry 4.0 use cases. Applications such as non-time-critical communication, connected goods, seamless ecosystem communication, and remote operations are expected to attract the most returns.

Targeting efficiency, quality management, and new revenue