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We have been hearing this time and again that if the 20th century was of petroleum, then the 21st century will be of data i.e. the Internet. The whole world will become digital and people will be based on internet for everything. It is believed that in the next few decades, the craze of the metaverse will be at its peak and at that time the data consumption will be much higher than the present. According to a recent Credit Suisse report, the shift towards the metaverse of the digital ecosystem will lead to a 20-fold increase in data usage worldwide by 2032. According to the report, due to this change, the telecom companies Reliance Jio and Airtel this change.

According to the report, the metaverse has great potential to increase the consumption of bandwidth (maximum rate of data transfer) and time spent using devices such as smartphones, computers, televisions or video game consoles. The report said, “Internet traffic flow is already 80 percent in videos. It is growing at an annual rate (CAGR) of 30 per cent. Our team estimates that the use of even modest metaverses can drive data usage up to 20 times over the next ten years.

What is Metaverse?
Metaverse is a 3D virtual reality. Metaverse is based on Augmented Reality and Virtual Reality. With the help of this technology, an individual completely enters the virtual world. To him, the virtual world begins to feel real. Metaverse is said to be the future of social media. Recently, Facebook has changed its name to Meta. With the help of this technology, in the virtual world, you can drink tea, coffee with your friend who is thousands of kilometers away from you. You can roam in any corner of the world as per your wish. In short, you can experience everything you really want to do in the virtual world.

Metaverse will get support when 5G is launched
Credit Suisse says that Metaverse will be supported when 5G is launched in India. With the arrival of 6G, there will be a boom in the metaverse. Gaming in India is at a very early stage right now. In India, the metaverse will be initially accepted in the gaming world.

Airtel and Jio will benefit the most
The report said that it is too early to say much about how the metaverse will affect the revenue of Indian telcos. However, it can definitely be said that Airtel and Jio will benefit a lot from this. If data consumption increases in India, then these two companies will benefit in any case.

Rapid rise in fixed broadband users
Fixed broadband users are increasing very fast in India. Fixed broadband users were 6.8 percent in the financial year 2019-20, which will reach 9 percent by the end of this financial year. By the financial year 2024-25, this figure will cross 12.60 percent. Telecom companies are rapidly expanding fiber infrastructure.