"At least 40 million smartphone users in India could take up 5G in the first year of 5G being made available.
"Consumers in India are willing to pay 50 percent more for 5G plans with bundled digital services, compared to just 10 percent premium for 5G connectivity," the report said.
Mobile handset companies have been selling 5G ready smartphones in the country but the service is yet to be rolled out.
According to the report, 22 per cent of Indians mobile users have 5G smartphones but with 4G connection.
"Given that Indian service providers are preparing for 5G deployments, the Ericsson Consumer Lab study throws up some interesting consumer insights towards 5G that will help them encourage 5G adoption and meet consumer expectations," Ericsson India head Nitin Bansal said in a statement.
The government had plans to facilitate roll-out of 5G commercial services by 2020 but it is yet to firm up its plan on spectrum allocation for the next generation technology.
The Department of Telecommunications last week approved some applications to start field trials of 5G services.
"In fact, India has the biggest rise in intention to upgrade with 67 per cent of users expressing an intention to take up 5G once it is available, an increase of 14 percentage points over 2019.
"Seven in 10 potential early adopters of 5G in India expect higher speeds than 4G, while six in 10 expect pricing innovation from communication service providers like 5G data sharing between family members or across devices," the report said.
The average across 20 markets show that 39 per cent of consumers are willing to upgrade to 5G that can take the total number of 5G subscribers to 300 million in 2021.
"If 5G commercial launches do take place in other markets like India, Brazil and Indonesia, we could surpass this figure (300 million)," the report said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.