6G Market size to grow by USD 36.39 billion between 2022 - 2027| Driven by Rising investments in 6G networks by governments and vendors- Technavio

NEW YORK, Nov. 6, 2023 /PRNewswire/ -- The 6G Market size to increase by USD 36.39 billion, accelerating at a CAGR of 51.15% during the forecast period, according to Technavio's research market analysis. A significant driver of market growth is the increasing investments in 6G networks made by both governments and industry players. The market is witnessing a growing emphasis on deploying 6G services by device manufacturers, service providers, and network operators. They are actively exploring monetization strategies, potential business models, and responding to customer preferences. Additionally, various market participants and governments are working towards a seamless transition and interoperability, considering the coexistence of 6G with existing network technologies. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy full report here

• The growth of the 6G market is threatened by cybersecurity risks due to the widespread adoption of 6G networks, which can enable communication among connected devices but also have dangers such as data theft, DDoS attacks, and network slice attacks. These security concerns may hinder market growth.
• Learn about additional key drivers, trends, and challenges available with Technavio. Read Sample PDF Report Now

The 6g market is segmented by Component (Hardware, Software, and services), Type (Wireless and Fixed), and Geography (North America, APAC, Europe, Middle East and Africa, and South America). 

• The hardware segment is anticipated for substantial growth during the forecast period. The increasing demand for hardware devices, such as sensors, actuators, gadgets, appliances, and machines, programmed for specific applications and capable of data transmission over the Internet or other networks, is a key driver of this segment's growth. These hardware components are integral in establishing a network of interconnected devices that provide real-time analytics data and facilitate information transfer within the same network.
• North America is expected to make a substantial 36% contribution to the global market's growth during the forecast period. Notably, the adoption of Internet of Things (IoT) technology is on the rise across various industries in North America, particularly in developed nations like the United States and Canada. One of the key drivers for the growth of the 6G market in North America is the increasing adoption of wireless technologies, particularly in the United States.
• View Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the 6G Market:

• Anritsu Corp.
• Apple Inc.
• AT and T Inc.
• Broadcom Inc.
• Cisco Systems Inc.
• DeepSig Inc.
• Furukawa Electric Co. Ltd.
• Huawei Technologies Co. Ltd.
• InterDigital Inc.
• Keysight Technologies Inc.
• LG Electronics Inc.
• MediaTek Inc.
• National Instruments Corp.
• NEC Corp.
• Nippon Telegraph and Telephone Corp.
• Nokia Corp.
• Orange SA
• Reliance Industries Ltd.
• Samsung Electronics Co. Ltd.
• Telefonaktiebolaget LM Ericsson

Related Reports:

Telecom Equipment Market: The telecom equipment market size is estimated to grow at a CAGR of 6.13% between 2022 and 2027. The market size is forecast to increase by USD 195.93 billion.

5G Services Market: The 5G Services Market size is estimated to grow by USD 311.93 billion between 2022 and 2027 accelerating at a CAGR of 31.13% during the forecast period.

TOC:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by Component
7. Market Segmentation by Type
8. Market Segmentation by Geography
9. Customer Landscape
10. Geographic Landscape
11. Drivers, Challenges, & Trends
12. Company Landscape
13. Company Analysis
14. Appendix

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SOURCE Technavio