730 Million Internet Users In India By 2020 And Over 4 Billion World-wide

Posted: Aug 17 2016, 5:45am CDT | by , in News | Technology News

 
730 million internet users in India by 2020 and over 4 Billion World-wide
Photo Credit: Getty Images

Don't Miss: This How to find Fingerlings in Stock

There will be 730 million internet users in India by 2020 and the usage will grow in verticals such as hospitality, e-Commerce and financial technologies, among others, a new report revealed on Wednesday.

"Globally, the number of internet users is expected to touch 4,170 million by 2020. The growth of the internet has successfully created a strong ecosystem for new businesses to tap into growing markets and create solutions to address their demands," said the report released by IT industry apex body Nasscom and content delivery network service Akamai Technologies here.

India's internet user base is the second largest after China, added the report titled "The Future of Internet in India."

"India's internet consumption has already exceeded the US to become No. 2 globally. Internet has become the greatest disruptor of our age by changing the way we work, interact socially and live life in general," said R Chandrashekhar, Nasscom President.

The report said that 70 per cent of e-commerce transactions would occur via mobile phones.

"Seventy five per cent of new internet users will consume data in local languages and India will remain the fastest growing internet market," it added.

By 2020, the internet is expected to penetrate deeper in the hinterlands of the country, helping to create more opportunities for everyone, Chandrashekhar added.

"The rapid growth of the internet and its expansion into verticals including e-Commerce, travel and hospitality, public sector, financial technology and media is a clear indication of the state of things to come," Chandrashekhar noted.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/59" rel="author">IANS</a>
The Indo-Asian News Service (IANS) was established in 1986, initially to serve as an information bridge between India and its thriving Diaspora in North America. Now IANS is a full-fledged wire agency, putting out news 24x7 from around the world.

 

 

Advertisement

comments powered by Disqus