BSNL Enters into Collaboration with Nokia for Development of 5G and IoT Applications

Bharat Sanchar Nigam Ltd signs a memorandum of understanding with Nokia for developments in 5G and Internet of Things (IoT).

Barcelona: The MoU is scheduled to be signed at Mobile World Congress 2017. The collaboration is expected to enable strategic cooperation between the companies for promotion of smooth network evolution and transition of customers from 4G to 5G network. It will also involve joint demonstration of the new 5G technology and will shed light on the benefits of high speed, low latency and IoT applications.

As per Chairman of BSNL, Anupam Shrivastava, “After 4G, the future is 5G and IoT, which is useful in the concept such as smart cities... The MoU will help BSNL to draw a framework for transition from the current network to futuristic 5G network”. Nokia and BSNL will be sharing 5G technology concepts, new product launches and innovations in the public domain to understand the possibilities of 5G, and IoT for the Indian market.

TechSci Research depicts that to meet growing demands of connected people and devices, a transition from 4G to 5G technology is mandatory. With the growth in IoT industry, India needs to keep up its position at global level to compete with the global counter parts in terms of technological developments. By implementing 5G technology, India can broaden its scope in terms of overall development of the country.

According to the published report by TechSci Research, “India Internet of Things (IoT) Market Forecast & Opportunities, 2020”, IoT market in India is projected to grow at a CAGR over 28% during 2015- 2020. IoT is being rapidly brought into use across diverse industry verticals to reduce operational and manpower costs, and increase operational efficiency. Consumer electronics, automotive & transportation, BFSI, home & building, energy & utilities, retail, supply chain & logistic sectors, and manufacturing are the key emerging application areas where IoT technology is majorly being adopted. However, India’s IoT market is highly fragmented with numerous players operating across the value chain.