By 2025, India’s artificial intelligence (AI) market is expected to grow at a five-year compound annual growth rate (CAGR) of 20.2 percent and is going to touch $7.8 billion in total revenues by 2025, as per a report of IDC.
Indian AI market to touch $7.8B by 2025 as per IDC.
By 2025, India’s artificial intelligence (AI) market is expected to grow at a five-year compound annual growth rate (CAGR) of 20.2 percent and is going to touch $7.8 billion in total revenues by 2025, as per a report of IDC.
Indian AI market to touch $7.8B by 2025 as per IDC
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#ITeS #covid #4g
Since last year, the COVID-19 pandemic changed the way India and the world lived, shopped, conducted business, socialised, and even litigated. Indians are getting accustomed to virtual court hearings, online shopping, education, doctors’ consultations, and telemedicine galore. Everything in the world is moving towards ITeS, which increasingly requires faster data speed. In the last ten years, through 4G, the mobile app industry has advanced rapidly around services like video streaming, ridesharing, food delivery etc. Next, 5G will expand the mobile ecosystem to new sectors. As per a survey, during the H2 of 2020, the average Indian data consumption per month, the highest globally, is about 12 GB. It is likely to rise further to about 25 GB per month in the next five years, driven by affordable mobile broadband services, changing video viewing habits majorly due to Covid-19 Pandemic.
In the realm of the country’s technological innovations, 5G will further strengthen Digital India, Smart Cities and Smart Village missions for India. Smart cities could use 5G for automotive safety, infrastructure, VR, and entertainment. In domestic use, 5G would change home internet service by providing a wireless modem alternative to existing wires. The survey finds that the total number of mobile broadband subscriptions is set to exceed 1 billion by 2025. The number of smartphone subscriptions increased to 620 million in 2019 which is expected to grow at a CAGR of 9%, reaching 1 billion by 2025. 5G networks offer to deliver significant social and economic benefits in India. Over the period 2023–2040, the experts forecast that 5G technologies will make a total contribution of approximately 450 billion dollars to the Indian economy -- 0.6% of GDP—by 2040.
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e-com growth in India
The e-commerce market in India has been witnessing high growth during the past few years. It continued to grow even during the COVID-19 pandemic as wary consumers preferred online channels for purchases. Against this backdrop, e-commerce sales are forecasted to rise at a compound annual growth rate (CAGR) of 18.2% between 2021 and 2025, to reach Rs. 8.8 trillion ($120.1bn) in 2025. According to GlobalData, e-commerce payments in India grew by 12.2% in 2020 and is estimated to register a growth of 16.8% to reach Rs 4.5 trillion ($61.5bn) in 2021.The COVID-19 pandemic has fast-tracked consumers’ transition to digital payments in most markets, a trend also seen in India. Rising consumer preference for online shopping, proliferation of e-retailers and emergence of new payment methods will continue to drive e-commerce growth in India.
E-commerce has transformed the way consumers shop in India, supported by increase in Internet and smartphone penetration, rise in digital literacy among consumers and government’s digital push. Over the past one year, despite a decline in consumer spending, economic slowdown and uncertainty caused by COVID-19, e-commerce sales continued to surge. While sectors such as travel and accommodation were affected due to lockdown and travel restrictions, a strong growth was seen in online purchases of retail goods such as grocery, electronics, and healthcare products. Leading e-commerce retailers Flipkart, Amazon and BigBasket have seen an increase in orders each month since the outbreak of the virus. To support non-cash payments, e-commerce companies are offering multiple digital payment options. For instance, in June 2021, Flipkart introduced quick response (QR) code-based payment for pay-on-delivery shipments, enabling consumers to switch from cash on delivery to UPI-enabled digital payment.
Today's Headline in NewsHours
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2:29 Every em
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#Indiasmartphonemarket declined 10% year-over-year shipping 43 million units in July-September 2022. This was the lowest third-quarter shipment since 2019 despite an earlier onset of the Diwali festivities. Weakening demand and increasing device prices negatively impacted festive buying, #IDC's Worldwide Quarterly Mobile Phone Tracker report said.
Experts said that the inventory pile-up and post-festive cyclical demand tapering will lead to a muted December 2022 quarter and the annual shipment of 2022 is likely to decline by 8-9% to around 150 million units.
The major challenges going into 2023 are the impact of inflation on consumer demand, increasing device costs, and slow feature phone-to-smartphone migration. However, the migration of 4G smartphone users to 5G smartphones should give a growth fillip to the market in 2023, especially in the mid-premium and above segments.
The report further highlights, online channels had the upper hand during the September 2022 quarter as they clocked a record 58% share, although with flat year-over-year growth with shipment of 25 million units. Multiple rounds of e-tailer sales like The Big Billion Days on Flipkart and Amazon Great India Festival, were supported by preferential platform pricing, online exclusive deals, and offers and discounts.
Amidst all the action in the online channels, offline shipments declined by 20% Year-on-Year as they struggled to generate demand while competing with aggressive online plays.
Xiaomi led the smartphone market during the quarter with 21.2% share while Apple led the premium category with a 63% share in the segment. Samsung regained second slot with 18.5% share. It was followed by Vivo with 14.6% share, Realme 14.2%, and Oppo 12.5% market share.
Today's Headline in NewsHours
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2:45 India is at low risk of recession, says RBI Governor
3:15 #Zomato shares fall over 4% in early trade
3:50 #NITES alleges Am
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Share Market में लौटी रौनक | Sensex Market latest news | Share Market | Stock market
सोमवार को पहले थोक महंगाई दर और फिर शाम को खुदरा महंगाई दर के उत्साहजनक आंकड़े आने का असर आज भारतीय बाजार पर दिखाई दिया... इस बीच अंतरराष्ट्रीय बाजारों से भी अच्छी खबरें मिलती रहीं.... जिससे सेंसेक्स में गिरावट के दौर पर ब्रेक लग गया... और बंबई स्टॉक एक्सचेंज का सेंसेक्स 465 और निफ्टी 149 अंक उछल गया.
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs South Africa in the World Cup T20 2024 season! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the South Africa, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of World Cup T20 2024. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SA | World Cup T20 2024 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Zimbawe in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Zimbawe, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Bangladesh in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
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IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
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Beauty Tips video | 651 views