India’s smartphone market is growing at an exponential rate. By the third quarter of 2020, nearly 53 million units were registered under various networks across the country, whereas smartphone shipment registered nearly 9% year-on-year growth. A newfound rush to adopt the latest, growing disposable income, and extensive digital literacy played a key role in fuelling this growth.
Naturally, nearly every major smartphone company rushed to capture this expanding market. Latest network spectrums like 5G are already in discussion, as several major network operators race to introduce it to their existing and prospective customers.
The 5G network technology is expected to revamp the existing wireless spectrum and data processing qualities. With global average speeds clocking as much as 377.2 Mbps, 5G mobiles phones are likely to offer up to 5-6 times faster download speeds (when compared to 4G spectrum) with a capable network.
Offering new upcoming mobiles in the budget segment and introducing the latest advancement in technology in affordable packages have further become ever so common, thanks to such steep competition between manufacturers.
5G – Changing the smartphone industry
Tech-experts are predicting several benefits of introducing 5G spectrum on a broad level, especially in developing countries. Let’s take a look at the changes that are likely to benefit users of 5G mobile phones.
- Better reception –
One of the key benefits of 5G will be uninterrupted, high-speed internet in almost all situations. Existing networks, even 4G, often provide poor coverage in crowded areas.
Networks like 3G and 4G originated with different goals in mind. While 3G worked on providing wireless internet, 4G introduced broadband-level connectivity on cellular phones. 5G was developed with a wirelessly connected society that already experienced good wireless speed.
Because of this, new upcoming mobiles capable of using 5G networks will be more than capable of handling congestion, while providing uninterrupted connectivity to the masses.
- Reduced hardware dependency –
With claims of uninterrupted yet super-fast connections, 5G is likely to connect devices to cloud more reliably than ever. 5G mobile phones will further be less hardware dependent, as these will be able to shift much of the computation load to cloud processors.
It will allow all types of devices to handle process-intensive tasks, as these can use cloud computing to shift the bulk of the work online. And, while 5G enabled devices are likely to be too expensive when they first come out, tech-enthusiasts can easily opt for EMIs to purchase these devices. One can even avail No-Cost EMI financing if he/she is a Bajaj Finserv EMI Network member.
- Cheaper data plans –
Experts predict that 5G mobile phones are likely to be bundled with even cheaper data rates. India already enjoys one of the cheapest data rates in the world, which 5G is likely to further bring down.
Companies may also start offering data-packages bundled with handsets, which is common in several western countries. It can lower the cost of such devices even more as customers will be able to purchase even high-end phones by financing them via affordable EMIs. A customer who holds a Bajaj Finserv EMI Network Card can further access smartphones of various price brackets from any of the more than 1 lakh outlets all over India.
The card provider also extends pre-approved offers to existing customers, which simplifies the application process and helps save time. Such offers are available on several financial products, including personal loans, credit cards, etc. You can check your pre-approved offer online by sharing only some essential details.
It may take a few years to extend complete 5G coverage to the whole of India, but once it is integrated, better connectivity and speed will be in everyone’s reach. The benefits of an integrated network will change India’s online picture for the better with 5G mobile phones available just like any other smartphone model within one’s reach today.