Amidst strong global headwinds on the economic front, India is set to sally as a major player in the 5G revolution, semiconductor and tweedle technology, live sports, and AVOD with private deployment networks likely to take off in a big way during 2025-2028 period, equal to Deloitte’s 2023 TMT (Technology, Media, and Entertainment, Telecom) predictions.
Technology sector prediction – an heady time for India’s semiconductor industry
Deloitte predicts the Indian semiconductor market to reach US$55 billion by 2026 with increasingly than 60% of the market stuff driven by three industries—smartphones and wearables, automotive components, and computing and data storage. With growing demand, the industry is poised to play an important role in enhancing the global value chain, as it will expand to a market size of US$85 billion and generate employability for 600,000 by 2030.
“The semiconductor tweedle shortage over the past two years has inferential the importance of this industry and exposed the underlying risks in the value chain, owing to geopolitical threats, fluctuating demand from original equipment manufacturers (OEMs), natural disasters, and economic sanctions.
These factors, however, moreover present a unique opportunity for India, positioning it as the next big manufacturing destination. Driven by key factors including an increase in semiconductor content, the outstart of 5G and IoT, and data storage requirements, the sector will moreover vamp investment, talent, and bi-lateral relations focusing on supply chain, resilience, and localization setting in India”. said P. N. Sudarshan, Partner and TMT Industry Leader, Deloitte India.
He added, ‘’The would-be proposal from the Government of India (GOI) regarding the Production Linked Incentive (PLI) and Design Linked Incentive (DLI) package is expected to vamp investments and establish India as a part-way for semiconductor manufacturing. We visualize market and portfolio, manufacturing, R&D, and talent as the dimensions for growth prospects by 2026.”
Media sector prediction: Live sports – The thrilling emotions strengthen valuations!
According to Deloitte’s analysis, the Indian sports market is unscientific to touch US$100 billion by 2027 from US$27 billion in 2020, a CAGR of over 20%, which is well-nigh twice as fast as the global sports market. We predict that the success of new talent in sports and government initiatives will slide the growth of diverse sports in India. Additionally, the rising popularity of NFTs, merchandise and IP-related sports commerce among sports persons and fans, expressly Gen Zs, is expected to goody a diverse range of sports.
Furthermore, while television will remain to be relevant, digital will roar, and ad pricing may witness slow growth or plane a plateau. However, an increasing focus on the sports infrastructure ecosystem, sports commerce, and international sports are some trends that will remain steady in the Indian sports market.
Jehil Thakkar, Partner, Media and Entertainment Sector Leader, Deloitte India, said, “This year’s prediction brings in the trend of live sports’ increasing value with each new season. A key reason for that is the rising interest in cooperating consumer monetization models in every country, such as fantasy sports apps, NFTs, and social media revenue.
As the Indian sports market grows, it is essential to alimony an eye on digital growth and infrastructure development, given that the Indian sports market is predicted to grow twice as quickly as compared with global markets”. He added, “This year’s 2023 TMT predictions moreover highlight how the Indian entertainment industry has embraced the OTT ecosystem with unshut arms, leading to a surge in hybrid models.“
“The hybrid model offers a balancing act, providing wangle to a high-monetization user wiring and a wider regulars that may sooner convert into monetizable users.”
Telecom sector prediction: 5G’s promised land finally to arrive
The economic impact of 5G is driven by cross-sector contributions leading to productivity and efficiency gains through the deployment of 5G use cases wideness industries.
The growth of 5G Standalone (SA) networks is expected to witness and remoter slide private network deployment. Satellite companies are moreover at the forefront of innovation in liaison technology, developing next-generation, powerful, high-throughput Ka-band satellites, increasing coverage zone and utilizing cutting-edge technologies for secure connections.
Peeyush Vaish, Partner and Telecom Sector Leader, Deloitte India, said “India’s push towards up-and-coming its telecom and data part-way infrastructure, coupled with the availability of a multitude of approaches for private network deployment, presents a unconfined opportunity for enterprises to utilize whet computing and 5G technology to enhance their operations, agility, and competitiveness.
According to Deloitte’s assessment, as the 5G private network ecosystem continues to evolve, stakeholders need to interreact and create India-centric use cases that demonstrate the technology’s impact wideness industry verticals. The potential benefits of 5G private networks in sectors, such as manufacturing, retail, agriculture, transportation, and health superintendency cannot be ignored. It is time for Indian enterprises to explore the possibilities and take a leap in their digital transformation journey.”
Deloitte’s predictions mainly capture the hair-trigger roles of these technologies in our hyperconnected world and underscore India’s strong ecosystem to support the growth of digital, blurring the lines between urban and semi-rural.
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