India is truly set to add its own flavour to the Internet and make it an engine for socio-economic growth. And the proof is in the numbers. As of 2015, India had ~330 million internet users, which is expected to witness a 20% CAGR in the next 5 years. What’s more, India became the third country globally to have over five Internet companies valued at over $1 billion. By 2020, the Indian e-commerce industry is expected to reach $34 billion, with 200 million individuals transacting online, which is more than a quarter of the 730 million Indians who will have access to the Internet by then.
The report covers the following:- The evolution of internet in India, It’s impact on the growth of some of the key sectors such as e-commerce, fintech, travel & hospitality, media & OTT, and the public sector; Highlights on the future of internet in India; Security and risk management.
Internet user growth in India expected to be 3x the world average.
By 2020, 75 percent of new internet user growth to come from rural areas – consuming content in local languages, preferring videos over text, accessing internet via mobile.
Device proliferation will continue – by 2020, 70 percent of eCommerce transactions via mobile phones, and 50 percent travel transactions online.
Internet enabling the dawn of digital literacy. Goal is to create one ‘e-Literate’ person in every Indian household.
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