In the next five years, the industry's Compound Annual Growth Rate (CAGR) is anticipated to approach 40 per cent, with more than 20 per cent of that growth attributed to 5G technology. With its mobile-first culture, India is poised to leverage 5G technology to propel the already booming gaming industry, which is the fastest-growing sector in digital advertising. This proactive investment in building infrastructure is a welcome step, and with the arrival of 5G and related technologies, it is expected to generate a plethora of job opportunities.ĪLSO READ: As India Prepares For ‘6G By 2030’, Here’s What The Next-Gen Network Will Bring To The Table These labs will focus on creating solutions for a variety of industries, including smart classrooms, precision farming, intelligent transport systems, and healthcare applications. Finance Minister Nirmala Sitharaman unveiled this initiative during her recent Union Budget speech, indicating the government's commitment to improving network connectivity across the country and benefiting various sectors and communities. To further this vision, the government has announced the establishment of 100 labs in engineering institutions to develop cutting-edge applications and use cases for 5G services. With the gradual rollout of 5G services gaining momentum, India is poised to enter a new era of technology, with cloud gaming, super-fast downloads and uploads, high-quality live streams, and seamless real-time multiplayer gaming set to become the norm. For the gaming sector, 5G opens a vast expanse of possibilities and is expected to boost an already rapidly growing industry. The 5G technology harbours an immense potential to connect people and serve as the foundation for newer applications in various industries, including healthcare, manufacturing, and entertainment.
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