Metaverse To Increase Data Usage By 20 Times In Next 10 Years: Report

The transition of digital ecosystem to metaverse, where a person will feel immersed in a virtual world, will push data usage by 20 times across the globe by 2032.

The transition of digital ecosystem to metaverse, where a person will feel immersed in a virtual world, will push data usage by 20 times across the globe by 2032 and telecom operators Bharti Airtel and Reliance Jio are suitably placed to benefit from the surge in India, a Credit Suisse report has said.

The report said metaverse has enormous potential to further expand screen time and drive more bandwidth consumption.

"Internet traffic is already 80 per cent video and has been growing at a 30 per cent CAGR (compound annual growth rate). Our team projects that even modest metaverse usage could drive a further 37 per cent CAGR in the next decade to 20x current data usage," the report said on Thursday.

Augmented reality and virtual reality technologies are expected to see a boom as these are the technologies that are required for accessing the metaverse.