M-commerce Would be Next Revolution

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Huawei India, a global leading ICT solutions provider today unveiled a comprehensive 108 page detailed report called “Connected possibilities: Innovation, Integration and Inclusiveness”. In the report which was unveiled at the hands of Mr. Cai Liqun, CEO- Huawei India is prepared in partnership with Ernst & Young. In the report, the company pointed out current trends and impact of broadband on seven key industry sectors including education, healthcare, BFSI, governance. The report also forecasted the future of these sectors with the current growth pattern of the broadband industry.

Mr. Cai Liqun, CEO Huawei India (L) unveiling the report with Mr. A. Sethuraman, Executive Director, Huawei India (R).

The report is optimistic that M-commerce would be next revolution in the telecommunication and banking industry providing the consumer with an opportunity to transact anytime and anywhere. It also elicits role of E-Governance in strengthening government processes and their evaluation. The report highlights an addition of net revenue of USD 31 billion which accounts for 37% growth in education industry in India. The report also points that the healthcare industry will add net revenue of USD 27.5 billion which accounts for 42% growth.

The report also highlights various bottlenecks posed by accessibility and affordability issues in the telecom sector. More than 60% of current broadband subscribers reside in the top ten metros and tier-I cities and more than 75% connections belong to top 30 cities. Only 5% of the broadband connections are in rural areas in comparison to 31% of total mobile telephones. In comparison to other BRIC countries, India fares the lowest in terms of internet and PC penetration. Internet users in Indian on an average spend only 0.5 hr online each day, lowest amongst all the BRIC countries.

“Lack of rural penetration is directly proportional to the lack of awareness, access to affordable technologies and relevant content offered to the subscribers. Most content available today is in English and might not be relevant to the population residing in rural areas where regional content is important. We should thus aim to provide affordable devices and relevant content to ensure optimum connectivity”, added Mr. Sethuraman, Executive Director, Huawei India.

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