730 million internet users in India by 2020: Report

By: GizBot Bureau

    There will be 730 million internet users in India by 2020 and the usage will grow in verticals such as hospitality, e-Commerce and financial technologies, among others, a new report revealed on Wednesday.

    730 million internet users in India by 2020: Report

    "Globally, the number of internet users is expected to touch 4,170 million by 2020. The growth of the internet has successfully created a strong ecosystem for new businesses to tap into growing markets and create solutions to address their demands," said the report released by IT industry apex body Nasscom and content delivery network service Akamai Technologies here.

    SEE ALSO: These 8 Things Show That We Are Highly Dependent on Technology

    India's internet user base is the second largest after China, added the report titled "The Future of Internet in India."

    "India's internet consumption has already exceeded the US to become No. 2 globally. Internet has become the greatest disruptor of our age by changing the way we work, interact socially and live life in general," said R Chandrashekhar, Nasscom President.

    The report said that 70 per cent of e-commerce transactions would occur via mobile phones.

    730 million internet users in India by 2020: Report

    "Seventy five per cent of new internet users will consume data in local languages and India will remain the fastest growing internet market," it added.

    By 2020, the internet is expected to penetrate deeper in the hinterlands of the country, helping to create more opportunities for everyone, Chandrashekhar added.

    SEE ALSO: 5 Simple Steps to Book an Uber Cab in 2 Mins Without the App

    "The rapid growth of the internet and its expansion into verticals including e-Commerce, travel and hospitality, public sector, financial technology and media is a clear indication of the state of things to come," Chandrashekhar noted.

    Source IANS

    Read More About: internet india news

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more