Digital markets in India to boom by 2025 : Report

Digital Desk: The growing digital markets in India is a positive sign for many business firms and dealers across the country to spread their businesses.

According to a report by Digital Infrastructure Providers Association (DIPA), the Digital infrastructure sector in the country needs an investment of up to $23 billion by 2025, to support the growing demand for digital markets.

The EY (Ernst&young) emerging markets TMT leader Prashant Singhal said that whether be it health technology, educational technology, consumer technology, India is leading the global markets in terms of digital marketing. India will soon see a growth of USD 200 billion e-commerce market and $12 billion in the educational technology market.

In the year 2020, the Indian Educational Technology industry carried a value of US$ 750 and is expected to reach US$ 12 billion by 2025 at a CAGR of 39.77%. it is believed that this growth is driven by the rising demand for non-academic courses from tier II & III cities like Guwahati, Indore, Jabalpur, etc.

According to a joint report by the EY –DIPA approximately as many as a population of 330 million will shift to 5G services and sectors like education, E-commerce, healthcare will see a boom in their businesses.