5G, or the fifth generation of technology standard for broadband mobile networks, is the fastest communication network available in the world. As against 4G speeds of 40-50 Mbps depending on the area and connectivity in India, 5G services are expected to support speeds of up to 300 Mbps or more. Catching up with countries like the US and China, India is all set to offer this service with telecom giants like Bharti Airtel and Reliance Jio geared up to do so in a phased manner. Ahmedabad, Bengaluru, Chennai, Varanasi, Chandigarh, Delhi, Jamnagar, Gandhinagar, Mumbai, Pune, Lucknow, Kolkata,
According to the survey, 20% mobile subscribers surveyed already have a 5G compliant device and 4% are planning to buy a new device this year to avail of the new services being rolled out. Assuming 5G addresses one or more of the issues highlighted in the survey, another 20% are likely to purchase a 5G compliant device in 2023. Similarly, while 55% respondents are willing to pay up to 10% more for 5G service plans as and when they have a ready device, 43% are clearly opposed to paying anything additional for a 5G service plan.
The survey received over 29,000 responses from mobile service consumers located in 318 districts of India. 64% respondents were men while 36% respondents were women. 47% respondents were from tier 1, 34% from tier 2 and 19% respondents were from tier 3, 4 and rural districts.
‘’The need of the hour clearly is for the Government to work with telecom providers and keep the 5G prices as close as possible to the current pricing and work with device makers to find ways of making as many device models complaint through the necessary software upgrades and keep the prices of entry level 5G devices low so more subscribers can migrate than what the survey is currently projecting,’’ said Local Circles.
Assuming 5G addresses one or more of the issues highlighted in the survey, another 20% are likely to purchase a 5G compliant device in 2023, the survey found.
The survey also found that 55% respondents are willing to pay up to 10% more for 5G service plans as and when they have a ready device but 43% were clearly opposed to paying anything additional for a 5G service plan. Among those who indicated paying a premium, 43% indicated willingness to pay up to 10% more tariff, just 10% indicated willingness to pay 10-25% more tariff and another 2% showed willingness to pay between 25-50% more tariff.