What Will Digital Businesses in India Gain from the Trilateral Tech Agreement on 5G?

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The trilateral agreement with, Israel and the US will allow India to implement a range of cutting-edge technologies. One of the most exciting of them is 5G, so what is this and how can it help India’s digital businesses to prosper?  

What Is 5G?

5G wireless technology is the fifth generation of mobile networks and it enhances previous generations enormously. It introduces a hugely increased network capacity, together with faster speeds and greater reliability. Speeds can go up to 10Gps and the latency may drop to under a millisecond.

The rollout in India is now expected to happen somewhere between mid-2021 and early 2022. 5G phones are already available in the country, but people won’t be able to use them to their full potential until the network has been built that they can be connected to.

What Does This Means for Digital Businesses?

One of the first types of business that it is easy to imagine benefiting from this switch is in the streaming industry. Clients will be happier to sign up to a film or television streaming service that they know is going to be fast, smooth, and reliable.

Gaming firms are also likely to feel the benefits of 5G. In this case, it is the low latency that is the most important factor. Latency of under 40 milliseconds is ideal for gaming, so we can expect there to be a surge of interest in playing online games where fast reactions are needed.

A similar outcome is expected in the gambling industry. Looking at an online casino in Indian rupees, we can see that live dealer, streamed games like roulette and blackjack can currently be played, as well as slots. The widespread availability of 5G will allow more Indian players to discover this way of playing, though current systems have continued to prosper on 4G networks.

Another aspect worth looking at is around the industries that could exploit the new technology to allow augmented reality or virtual reality applications. Current predictions for the global augmented reality market are for it to be worth $US 27.44 billion by 2025. With 5G connectivity, VR and AR applications will no longer be limited by location.

The likes of retail and tourism are a couple of areas where businesses may find that this opens up new possibilities of connecting with clients through their websites or apps. Clients would be encouraged to discover new stores in this way or explore exciting new ways of getting to know the Indian cities that they visit.

Looking further ahead, 5G networks could provide greater scope for automation and the internet of things, as devices could be hooked up to the network without any fears. This could come in useful in a variety of industries that don’t currently rely on a digital approach, such as manufacturing and transport.  

The Potential to Work from Home and Offer New Products

Any type of business could benefit from a switch to remote working using the cloud for storage and virtual communication tools, so they could lower overhead costs by allowing their employees to work from home using the fast, reliable service offered by 5G.

This is especially true in rural or less-developed areas where internet connectivity is often lacking or slow. In 2020, the number of rural internet users in the country surpassed the urban total for the first time, with 227 million active users in rural areas, and this could increase even more with better coverage.

An interesting study from PSB research pointed out that 91% of business decision-makers and analysts expect the move to 5G to lead to new products and services. Indeed, some 87% of them pointed out that entirely new industries could emerge from this.

It seems certain that the switch to 5G will lead to exciting new possibilities for many of India’s most forward-thinking businesses.

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