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IoT can reach 2 bn phone connections and unlock revenues of $11.1 bn: Study

India has potential to reach 2 bn mobile connections by 2022

Digital platforms & changing engagement models

About five new mobile connections per second are estimated to join the power of internet in India by 2022, Internet of Things (IoT) has the potential to reach 2  billion connections and unlock revenues of $11.1 billion by 2022, revealed a new Associated Chambers of Commerce and Industry of India (Assocham)-EY joint report. While potential is huge, India, however, currently lags behind the US, China, and Korea in connectivity via optical fibre, states the study. A meagre 25 per cent of telecom towers in India carry optical fibre, whereas the share in the US, China, and Korea ...