Data usage in India to grow at 73 per cent CAGR by 2022: Study

The average monthly spend on voice services in 2013 was Rs 214 compared to Rs 173 spent on data

India’s data consumption is expected to grow at a compounded annual growth rate (CAGR) of about 72.6 per cent to 10,96,58,793 million MB by 2022, according to a study.

“With lower than ever data tariffs and increasing number of smartphone penetration in the country, which is around 40 per cent as of 2017, it is safe to assume that the Video on Demand (VoD) market will be a significant beneficiary of these developments. Internet consumption is clearly on the rise in India,” according to the ASSOCHAM-PwC study.