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Digital facilities sector needs $23 billion investment in India by 2025, states report by EYNew Delhi: Digital facilities sector needs investment of up to $23 billion by 2025, to support the growing need of digital services and increasing online traffic, says a report.The EY joint report launched just recently in collaboration with Digital Facilities Providers Association (DIPA) shared data forecast for financial investment required in physical digital facilities crucial for linking individuals online by 2025.
Whether it is health tech, edutech, consumer tech India is leading the way.
We will see USD 200 billion e-commerce market, $12 billion edutech market, EY emerging markets TMT leader Prashant Singhal said.Mr Singhal even more included that India is innovating on digital.
For this revolution to take place, we require to have digital facilities in place.
Tower business are changing themselves to digital infrastructure companies.
This would need a financial investment of nearly $20 billion over the next 3-5 years.
According to the EY-DIPA joint report, as numerous as 330 million people will be using 5G and sectors like e-commerce, education, healthcare will grow their presence online.EY approximates financial investments in the range of $17-23 billion will be required in the sector by 2025.
This comprises financial investment in the range of $7 billion to $9 billion each for macro tower additions and fibre deployments, $2-3 billion for outdoor small cells which will be essential for 5G roll out, $500-800 million in Wi-Fi and in-building solutions, $500-700 million in edge data centers and $500 million in data centres.
Business
Digital Infrastructure Needs Investment Up To $23 Billion By 2025: Report
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